Explore home loans, refinancing, FHA, VA, and DSCR mortgages in Berks County, Pennsylvania. Local experts guiding you from pre-approval to closing. Mortgage Lender in Berks County, Pennsylvania Berks County is a place where tradition meets opportunity — from Reading’s downtown energy to peaceful suburban living. At First USA Mortgage Solutions , we help Berks County residents turn their homeownership goals into reality with custom-tailored loan solutions. We’re here to simplify the process, explain your options, and help you choose the right mortgage with confidence. Get Prequalified Today Tlačítko Try the Mortgage Calculator Home Loans Designed for Berks County Families From Reading’s historic neighborhoods to Kutztown’s open spaces, Berks County offers affordable opportunities for homeowners at every stage. First USA Mortgage Solutions helps you take advantage of them. We connect you with mortgage options that make sense — from first-time homebuyer loans to refinance programs that free up monthly cash flow. Local guidance for conventional, FHA , and VA loans. Simple, step-by-step pre-approval process. Refinancing programs for lower monthly payments. Friendly support from experts who understand Berks County living. Our Mortgage Solutions Our mission is to simplify the mortgage process for Berks County residents. Whether you’re buying your first home, refinancing, or investing, our online Mortgage Calculator and Get Prequalified tools make it easy to start New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: We begin with a conversation about your goals, budget, and timeline to gain a clear understanding of your priorities. Pre-Approval: We assess your income, credit, and assets to issue a clear and dependable pre-approval letter. Processing: Required documents are gathered, information is verified, and your file is organized for underwriting review. Underwriting: Any outstanding conditions are addressed, and you receive clear, timely updates throughout the process. Closing: You confirm your final loan terms, complete the paperwork, and confidently step into your new home. Loan approval and interest rates are not guaranteed. Our focus is on providing honest, transparent guidance at every stage of the mortgage process. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services FAQ Do you offer FHA and VA loans in this area? Yes. We proudly serve Berks County with FHA and VA loan programs designed to make homeownership more accessible. How can I get prequalified for a mortgage? You can easily start online with our prequalification form or schedule a consultation with one of our licensed loan officers. What is the average time to close a loan? Most loans close within 30 to 45 days, depending on the program and documentation speed. Do you work with self-employed buyers? Yes, we offer bank statement and DSCR loans that consider cash flow instead of traditional income documentation. Get Prequalified for Your Mortgage in Minutes Ready to take the next step toward your dream home? Start by getting prequalified with First USA Mortgage Solutions. Fill out our simple form, and we’ll review your information to provide tailored mortgage options—without impacting your credit score. First name* Last name* Email* Phone* Birthday Month Month Day Year Desired Loan Type* Home Purchase Mortgage Refinancing Cash-Out Refinance Mortgage for Self-Employed DSCR Loan VA Loan FHA Loan Reverse Mortgage Other Property Address with Zipcode (optional) Your credit score (if known) Price of Purchase (optional) Additional Information (optional) Upload one of the following documents to help us verify your income: First two pages of your most recent personal or business tax return , or Recent paystubs (last 30 days), or Bank statements (last 2–3 months, personal or business) This step is optional but can speed up your pre-qualification. Upload your documents Upload File I acknowledge and consent to the handling of my personal information as described in the Privacy Policy . * I understand I am requesting to be contacted about a mortgage. We respect your privacy. We will only contact you regarding your request—no spam or unwanted calls. Get My Free Prequalification

First USA Mortgage Solutions provides home loans, refinancing, VA loans, and more in PA. Over 35 years of experience and 700+ clients. Get competitive rates today! Your Dream Home Starts Here Get pre-approved quickly and enjoy competitive rates that make homeownership a reality. Start Your Prequalification Now Takes just 2 minutes. No impact on your credit score. Our team will follow up with tailored options for you. "The team was professional, knowledgeable, and always ready to assist with any questions I had." Petro S. More testimonials Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Our Mortgage Solutions We offer a wide range of mortgage solutions to fit your needs, with the expert guidance you can trust. New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate 25 years of mortgage industry experience means we’ve seen it all. From first-time buyers to seasoned investors, we provide expert guidance for every step of your home-buying journey. PA states, where we specialize in navigating the unique regulations and needs of each market. 700+ families have trusted our team to help secure their dream homes. Our personalized mortgage solutions and commitment to excellence have earned us the trust of hundreds of homeowners. What Are You Waiting For? Get Started with Your Prequalification Now Tlačítko No obligation. We’ll help you explore your best options. How It Works: Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify Understanding Mortgage Closing Costs: A Guide for Homebuyers Understanding mortgage closing costs helps buyers plan effectively, avoid last-minute surprises, and make confident decisions when purchasing a home. Learn what’s included, what affects them, and how to manage them wisely. Mortgage Calculator: Calculate Your Payment & How Much to Put Down Learn how to use a mortgage calculator to estimate your monthly mortgage payment and plan your ideal down payment. Understand key factors like loan terms, interest rates, and PMI to make confident home-buying decisions. DSCR Second Mortgage: Understanding Closed-End Second Mortgages and DSCR Loans Learn how DSCR closed-end second mortgage programs can help real estate investors access property equity without refinancing. Discover how these flexible mortgage solutions work and who can benefit most. 1 2 3 4 5

Get in touch with us for all your questions, feedback, or service inquiries. Our team is here to assist you—reach out by phone, email, or through our contact form today. Contact Address 51 Buck Road, Huntingdon Valley , PA 19006 Contact +1 (888) 716-3867 +1 (888) 716-FUMS info@fumsolutions.com Opening Hours Mon - Fri 9:00 am – 5:00 pm

Get a mortgage in Pennsylvania using your bank statements. No tax returns needed. Fast approvals for self-employed borrowers. Learn more today! > Services > Mortgage for Self-Employed Buyers > Unlock Homeownership with Just Your Bank Statements — No Tax Returns Needed! Are you self-employed and ready to buy your dream home in Pennsylvania? At First USA Mortgage Solutions , we understand that your tax returns don’t always tell the full story of your financial success. That’s why we offer flexible bank statement mortgage programs — helping entrepreneurs, freelancers, and business owners qualify based on total bank deposits instead of traditional income documents. Forget the paperwork headache. Your hard-earned cash flow can open the door to homeownership today! No tax returns, W-2s, or paystubs required Qualify using 12–24 months of business or personal bank statements Ideal for self-employed individuals, freelancers, and entrepreneurs Fast underwriting and flexible loan programs Competitive rates designed for non-traditional income Personalized support from Pennsylvania-based mortgage experts Instead of verifying your income with tax returns, lenders look at your total monthly deposits over the past 12–24 months .* This provides a clearer, more realistic picture of your financial strength — and makes it possible to qualify for a home loan even if your tax returns show lower income. Whether you're a business owner, consultant, gig worker, or freelancer in Pennsylvania, this could be your key to homeownership. How It Works *Minimum credit score requirements apply: 660 for 12 months of bank statements, 640 for 24 months. All loans are subject to underwriting approval. Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify Next steps Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! NEW! Try our free mortgage calculator ! Is this for you? Not everyone qualifies for the best mortgage solutions. We work with homebuyers who: Have already found a home or are actively searching If you’re just browsing or you’re serious about buying, we can help you secure the right financing. Want a mortgage plan tailored to their financial goals We don’t believe in one-size-fits-all loans. Our expert advisors help you find a mortgage that works for your unique situation. Are looking for expert guidance, not just the lowest rate A mortgage is more than just a number. We provide clear, transparent advice to help you make the smartest long-term decision. Understand that a good mortgage is an investment, not just an expense If you’re focused only on the “cheapest option,” this may not be the right fit. We work with buyers who value smart, strategic mortgage planning. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services Get Prequalified for Your Mortgage in Minutes Ready to take the next step toward your dream home? Your dream home in Pennsylvania is closer than you think. Let’s turn your bank statements into a mortgage approval — fast, easy, and stress-free. Start by getting prequalified with First USA Mortgage Solutions. Fill out our simple form, and we’ll review your information to provide tailored mortgage options—without impacting your credit score. First name* Last name* Email* Phone* Birthday Month Month Day Year Desired Loan Type* Home Purchase Mortgage Refinancing Cash-Out Refinance Mortgage for Self-Employed DSCR Loan VA Loan FHA Loan Reverse Mortgage Other Property Address with Zipcode (optional) Your credit score (if known) Price of Purchase (optional) Additional Information (optional) Upload one of the following documents to help us verify your income: First two pages of your most recent personal or business tax return , or Recent paystubs (last 30 days), or Bank statements (last 2–3 months, personal or business) This step is optional but can speed up your pre-qualification. Upload your documents Upload File I acknowledge and consent to the handling of my personal information as described in the Privacy Policy . * I understand I am requesting to be contacted about a mortgage. We respect your privacy. We will only contact you regarding your request—no spam or unwanted calls. Get My Free Prequalification

Explore first-time homebuyer programs offering down payment help and low-interest loans. Get prequalified with First USA Mortgage Solutions today. > Services > First Time Home Buyer > First-Time Homebuyer Programs: Your Path to Homeownership At First USA Mortgage Solutions , we simplify the journey of buying your first home with a variety of assistance programs designed to make homeownership more accessible. From down payment assistance to low-interest loans , we’re here to guide you through the options and help you secure your dream home. Programs for First-Time Homebuyers Several programs are available to assist first-time homebuyers , offering down payment and closing cost assistance , low-interest rates , and grants to make purchasing a home more affordable. Here are some of the key options available to you. Get Prequalified Today Tlačítko Keystone Advantage Assistance Loan Program The Keystone Advantage Assistance Loan Program offers a second mortgage to help with down payment and closing costs . Qualified buyers can receive up to 4% of the purchase price , with a maximum of $6,000 . Repayment is spread over 10 years with zero interest , making it easier for first-time buyers to afford a home. Key Details: • Borrow up to 4% of the home’s purchase price or $6,000 , whichever is less. • Zero percent interest, repayable over 10 years . • Minimum credit score of 660 required. • Liquid assets after closing must not exceed $50,000 . This loan can be used alongside conventional, FHA, VA, or RD loans but cannot be combined with other assistance programs from the same provider.* Additional Assistance Programs Other programs offer further assistance for first-time homebuyers: Keystone Forgivable in Ten Years Loan Program (K-FIT): This program provides up to 5% of the home’s purchase price with no maximum dollar limit. The loan is forgiven at 10% annually , meaning the loan is entirely forgiven after 10 years. HOMEstead Down Payment and Closing Cost Assistance Loan: Offers up to $10,000 in interest-free loans for down payments and closing costs. This loan is forgiven at a rate of 20% per year , completely forgiven after five years . Income and Purchase Price Limits for 2024 Eligibility for these programs is based on household income and purchase price limits, which vary depending on household size. For example: For 1-2 member households , income limits range from $76,900 to $108,100 . For households with 3 or more members , the income limits range from $88,400 to $126,100 depending on the county. Check with us for the most up-to-date income and purchase price limits relevant to your specific location. How to Apply Applying for a first-time homebuyer program involves working with an approved lender like First USA Mortgage Solutions , who will assist you through the entire process, from discussing eligibility to completing the application. Steps include: Find an approved lender to help determine eligibility. Complete any required homebuyer education courses . Submit your application through your lender. Navigate the approval process with support from our team. Start Your Homeownership Journey Today At First USA Mortgage Solutions , we are committed to helping you explore and take advantage of first-time homebuyer assistance programs. Contact us today for expert guidance through the entire mortgage process. Get Started with Your Prequalification Now No obligation. We’ll help you explore your best options. FAQ What is a first-time homebuyer program? First-time homebuyer programs are designed to make homeownership more accessible by offering benefits such as down payment assistance, lower interest rates, and special loan options. These programs can reduce the financial barriers to buying a home. How do I qualify for first-time homebuyer assistance? To qualify, you typically need to meet certain income limits, have a minimum credit score (often around 660), and be purchasing a home for the first time. Eligibility requirements can vary by state and program. What kind of assistance can I get as a first-time homebuyer? First-time homebuyers may receive down payment assistance , closing cost help , or low-interest loans . Some programs offer grants or forgivable loans that don’t need to be repaid if certain conditions are met. Can I combine different homebuyer assistance programs? In most cases, assistance programs like Keystone Advantage cannot be combined with other PHFA programs, except for specific situations such as pairing with the Access Modification Loan Program for buyers with disabilities. How much can I borrow for down payment assistance? Qualified borrowers can typically receive up to 4% of the purchase price or a maximum of $6,000 through programs like the Keystone Advantage Assistance Loan . How It Works: Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify

Discover how mortgage refinancing can lower your interest rate and monthly payments. Access home equity with flexible terms from First USA Mortgage Solutions. > Services > Refinancing > Lower Your Monthly Payments with Flexible Refinancing Options At First USA Mortgage Solutions , we understand that refinancing can be a powerful financial tool. Whether you want to reduce your monthly payments , secure a lower interest rate , or tap into your home’s equity , our refinancing solutions are designed to meet your needs. Let our experts help you find the best option to achieve your financial goals with ease and confidence. Is Refinancing Right for You? Refinancing can help you save money or access home equity , but it depends on your current loan and financial goals. Let our experts guide you through the decision to see if it’s the right fit for you. Get Prequalified Today Tlačítko How Does Refinancing Work? Refinancing involves replacing your current mortgage with a new one that typically comes with better terms. Whether you’re seeking a lower interest rate , shorter loan term, or want to access equity, refinancing can offer significant benefits. Steps of the Refinancing Process: Applying : Explore various refinancing options to find the one that best fits your needs. We help you compare rates and terms to make the most informed choice. Locking Your Interest Rate : Secure a competitive rate for your new loan based on current market conditions. Underwriting : Your income, credit score, and assets will be reviewed during this stage to determine loan eligibility. Home Appraisal : An appraisal may be necessary to determine your property’s current market value and equity. Closing : Sign the final paperwork and finalize your new mortgage. Your new loan will replace your old one, often leading to lower payments or other financial benefits. This loan can be used alongside conventional, FHA, VA, or RD loans but cannot be combined with other assistance programs from the same provider.* Types of Refinancing Programs Rate-and-Term Refinance This common option allows you to change your interest rate or loan term, helping you save on interest or pay off your mortgage faster. Cash-Out Refinance Need funds for a big project or consolidating debt? A cash-out refinance allows you to take out a new mortgage that’s larger than your current one, and you receive the difference in cash. Streamline Refinance For FHA and VA loans, streamline refinancing offers a simplified process with fewer documentation requirements, making it faster and more accessible. Factors That Affect Your Refinancing Rate Several factors influence the interest rate you’ll qualify for when refinancing: Credit Score: Higher credit scores generally secure lower interest rates. Loan-to-Value Ratio (LTV) : The more equity you have in your home, the better the terms and rates you’ll likely qualify for. Loan Term : Shorter terms, like 15-year loans, often come with lower rates than 30-year terms. Market Conditions : Federal Reserve policies, inflation, and other economic factors affect overall mortgage rates. Prime Rate : Set by major financial institutions, the prime rate influences your interest rate for various types of loans, including mortgages. Recent Market Trends in Refinancing In 2024, mortgage rates have remained historically high, presenting challenges for many homeowners looking to refinance. The average 30-year fixed mortgage rate reached 7.79% in October, the highest since 2000. Rates for 15-year fixed mortgages have hovered around 5.41% , offering a more affordable but higher-payment option for those looking to refinance their loan term. These higher rates have led to a significant drop in mortgage applications, with refinancing activity down by 21% year-over-year as fewer homeowners are incentivized to refinance. However, homeowners with high equity or those seeking to consolidate debt through a cash-out refinance still find opportunities to access funds, despite the elevated rates. Although rates have fluctuated, experts predict that inflation moderation may lead to gradual decreases in mortgage rates over the next year, creating future opportunities for refinancing at lower costs. Start Your Refinancing Journey Today Ready to save on your mortgage? Explore our refinancing options and take the first step toward lowering your monthly payments or accessing your home’s equity. Let First USA Mortgage Solutions guide you every step of the way. Explore Your Refinancing Options Now Tlačítko No obligation. We’ll help you explore your best options. FAQ How much can I save by refinancing? The amount you save depends on your new interest rate, the terms of your new loan, and any associated closing costs. Homeowners can typically save thousands annually by securing a lower rate. Is refinancing the right choice for me? If you’re looking to lower your interest rate, shorten your loan term, or access equity, refinancing could be a smart financial decision. Our experts can help you determine if refinancing is right for you. How long does the refinancing process take? Refinancing typically takes 30-65 days from application to closing, depending on factors such as underwriting and the home appraisal. Can I refinance if I’ve already refinanced before? Yes, you can refinance multiple times as long as it makes financial sense. It’s always worth exploring your options, especially if market conditions have changed. How It Works: Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify

Learn how to get a mortgage from start to finish. This easy-to-follow guide walks you through every step of the home loan process — from budgeting to closing. > How It Works > Your Homebuying Journey: Step-by-Step Guide to Getting a Mortgage Buying a home is exciting — but it can also feel overwhelming if you’re not sure where to start. This guide walks you through the entire mortgage process, one clear step at a time. Whether you're a first-time buyer or returning to the market, you'll learn what to expect, how to avoid common pitfalls, and how to make confident financial decisions. By the end, you’ll know exactly what to do — and when to do it. Let’s start your journey. Step 1 Know What You Can Afford — Before You Start House Hunting It’s tempting to jump straight into browsing homes on Zillow or calling a real estate agent. After all, that’s the fun part, right? But here’s the truth: if you don’t know your budget before you start looking, you could be setting yourself up for frustration — or even financial stress. Why? Because two things can easily happen: You fall in love with a home that’s far outside what a lender would approve. Or worse — you end up with a loan that stretches your budget too far, making homeownership more stressful than joyful. That’s why the very first step in the homebuying journey should always be figuring out what you can realistically afford. That includes: How much a lender may approve you for What monthly payment makes sense for your lifestyle How much you’ll need upfront (down payment, closing costs, reserves) This is where pre-qualification comes in. It’s a quick, no-obligation check based on your basic financial information. You’ll get a clearer picture of your options — and you’ll be one step closer to buying with confidence. Next Step Talk to a Mortgage Expert Before You Start House Hunting Step 2 It might sound surprising, but the very first person you should talk to isn’t a realtor—it’s a mortgage advisor . Because falling in love with a home before knowing what you can truly afford is a common (and costly) mistake. Why? A mortgage expert will help you: Understand how much you can realistically borrow . Get a clear estimate of your monthly payments and loan terms. Learn about different mortgage options that may suit your income, credit, and goals. Know your price range before you start browsing houses online or booking showings. You don’t need every document right now —this first step is quick and free . It’s called a pre-qualification , and it gives you a general idea of your buying power. Once you're ready, you can move on to a full pre-approval, which carries more weight when making offers. Not every mortgage is the same — and the right one for you depends on your goals, job type, credit history, and more.Here’s a quick overview of popular loan options you might qualify for: Conventional Loans FHA Loans VA Loans Self-Employed Mortgage DSCR Loans Next Step Step 3 Get Pre-Approved — Not Just Pre-Qualified Now that you know your budget range, it’s time to get serious. While pre-qualification gives you a ballpark figure, pre-approval is the golden ticket when it comes to making offers. What’s the difference? Pre-Qualification is an estimate based on the info you provide. Pre-Approval means a lender has reviewed your credit, income, and assets — and is conditionally ready to lend you the money. Why it matters: Sellers take your offer more seriously with a pre-approval letter in hand. You’ll move faster when you find the right home. You’ll uncover any red flags early — credit issues, missing documents, or other hiccups — while there’s still time to fix them. It may feel like a big step, but we’ll guide you through it. Most of the info was already shared during pre-qualification — now it just gets verified. Need help gathering documents? We’re here to walk you through it, one step at a time. +1 (888) 716-3867 Next Step Start Your Home Search – the Smart Way Step 4 Now that you’re pre-approved, the fun begins — house hunting! But before you jump into Zillow or start booking tours with a realtor, let’s make sure you search with strategy. Here’s how to do it right: Stick to your approved price range. Falling in love with a home outside your budget can set you up for disappointment or financial strain. Focus on monthly costs, not just sticker price. Your mortgage payment includes more than just the loan — think insurance, taxes, HOA fees, etc. Consider long-term lifestyle needs. Are you planning a family? Working remotely? Think location, schools, commute, and future value. Important: Your lender (that’s us) is still your partner at this stage. We’re here to run numbers, explain what’s realistic, and help you compare options before making an offer. Tip: If your realtor pushes you toward a home that feels “just over your limit,” pause. Your pre-approval is your compass — don’t ignore it. Next Step Step 5 Make an Offer – With Confidence You’ve found the house — now it’s time to make an offer. But this step isn’t just about choosing a number. It’s a negotiation, a strategy, and a legal commitment. And it’s where your mortgage advisor becomes even more valuable. Here’s how to do it right: Talk to your lender before submitting the offer. We’ll make sure your numbers still make sense, update your pre-approval letter if needed, and flag any deal-breakers. Work closely with your realtor. They’ll help you determine a fair offer based on the local market, seller motivation, and how competitive the listing is. Understand what you’re agreeing to. Earnest money, contingencies, appraisal timelines — these details matter more than you think. Why this matters: Many buyers lose thousands by skipping this step or rushing through it. With our help, your offer won’t just be accepted— it’ll be smart. Pro tip: Ask us to walk through a mock cost breakdown before submitting the offer. You'll see your estimated monthly payment, out-of-pocket closing costs, and cash-to-close. Next Step Home Appraisal and Inspection Step 6 Once your offer is accepted, things start to move fast — but don’t skip the fine print. This step is all about making sure the home is worth what you're paying and that it’s safe and sound. The Home Inspection This is your deep-dive into the condition of the property. A licensed inspector will check everything from the roof to the foundation, plumbing to electrical, and more. If serious issues come up, you may be able to renegotiate the price or ask the seller to make repairs. Pro tip: Even if the seller says “as-is,” always do the inspection. It's your safety net. The Home Appraisal Required by your lender to make sure the home’s value supports the loan. Conducted by a licensed appraiser (not chosen by you or the seller). If the appraisal comes in lower than your offer, we’ll need to re-evaluate: Renegotiate the price, Bring more money to the table, Or explore different loan options. Why this matters: Overpaying or missing hidden defects can turn your dream home into a financial headache. This step protects you andyour lender. Next Step Step 7 Final Loan Approval (a.k.a. “Clear to Close”) You’ve found the home, made the offer, passed the inspection, and the appraisal checked out — nice job. But before you pop the champagne, there’s one more big step: your loan needs final approval. What’s Happening Behind the Scenes The underwriter gives your entire file a final review. They verify your income, assets, credit, the property details, and ensure nothing changed since you were pre-approved. This is when your loan gets the official green light: Clear to Close. Common Pitfalls to Avoid Right Now Don’t open new credit cards or finance anything big (no furniture, no cars). Don’t quit your job or switch employers (even if it’s a great offer — wait until after closing). Don’t deposit large sums of money without documentation. Any change in your finances can delay or cancel your approval. What “Clear to Close” Means: Everything is in place. Your documents are approved. The closing date is set. This is the lender saying: “Let’s do this.” Next Step Closing Day – Sign and Get the Keys Step 8 This is it — the final step before you officially become a homeowner. On closing day, all the paperwork comes together, and the home becomes yours. What Happens at Closing You sign a stack of documents (loan, title, final disclosures). You pay any remaining closing costs or down payment (often via wire transfer). The lender wires the funds to the seller. It may take about an hour — bring your photo ID, and take your time reading what you sign. When Do You Get the Keys? Once everything’s signed, the loan is funded, and the transaction is recorded with the county. In many cases, you’ll get your keys the same day — sometimes the next business day. Pro Tip: Avoid scheduling your moving truck for the morning of closing. Delays can happen. Plan for flexibility just in case. Already Own a Home? Buying your first home isn't the only time to think about your mortgage. If you already own a property , you might have options to: Refinance to a lower rate or different loan term Use a Home Equity Line of Credit (HELOC) for renovations or expenses Get a Second Mortgage without touching your existing one Curious what’s possible? Check out our pages: Refinancing Options Home Equity Loans Still Have Questions? Let’s Talk. We know — it’s a lot to take in. The mortgage process can feel overwhelming, especially if it’s your first time. That’s why we’re here. Whether you're just thinking about buying or already looking at homes, talking to a real human can help. Book a free consultation or just send us a message. No pressure — just real advice. 51 Buck Road, Huntingdon Valley, PA 19006 info@fumsolutions.com +1 (888) 716-3867 How It Works: Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify

Find home loans, refinancing, and FHA, VA, or DSCR mortgage options in Lower Bucks, PA — with local experts by your side from start to finish. Mortgage Lender in Lower Bucks, Pennsylvania Lower Bucks County brings together affordability, convenience, and community — the perfect mix for first-time buyers and growing families. At First USA Mortgage Solutions , we help residents find mortgage plans that fit their lifestyle and financial goals. Our local experts guide you through the process, ensuring a smooth experience and a loan that makes sense for you. Get Prequalified Today Tlačítko Try the Mortgage Calculator Your Neighborly Mortgage Team in Lower Bucks Lower Bucks County combines convenience, affordability, and community spirit. From Levittown to Bristol , every neighborhood has a story — and we help you start yours . At First USA Mortgage Solutions , we believe in simple, human mortgage guidance that respects your time, your budget, and your goals. Our local advisors are right here when you need them. Fast pre-qualification and no-pressure consultations. FHA and VA programs for new and returning buyers. Smart refinance options to save you money over time. Friendly, responsive team that lives and works in your community. Our Mortgage Solutions Our mission is to simplify the mortgage process for Lower Bucks residents. Whether you’re buying your first home, refinancing, or investing, our online Mortgage Calculator and Get Prequalified tools make it easy to start New Purchase Loans Find the perfect loan for your new home, whether you’re a first-time buyer or ready to upgrade. Learn More FHA Loans A great option for first-time buyers with lower down payment requirements and flexible terms. Learn More HELOC Borrow against your home’s equity to access flexible funds with competitive rates for home improvements, debt consolidation, and other expenses. Learn More Refinancing Lower your monthly payments or access your home’s equity with our refinancing options. Learn More Reverse Mortgages Convert your home’s equity into cash with our reverse mortgage solutions, ideal for supplementing retirement. Learn More DSCR Second Mortgage Access your rental property’s equity without verifying personal income—ideal for real estate investors. Learn More VA Loans Exclusive home loan benefits for veterans and active-duty military, tailored to your needs. Lean More Cash Out Refinance Tap into your home’s equity for cash that you can use for any purpose, from home improvements to debt consolidation. Learn More Mortgage Calculator Use our free brand new mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, taxes, insurance, and PMI. Calculate What the Mortgage Process Looks Like Initial Discovery: We’ll discuss your goals, budget, and timeline to get a clear picture of what you’re looking for. Pre-Approval: Our team reviews your income, credit, and assets to issue a strong, reliable pre-approval letter. Processing: We gather the necessary documents, verify your information, and prepare your file for underwriting. Underwriting: Any outstanding conditions are evaluated, and we keep you informed with clear updates throughout the process. Closing: Finalize your loan terms, sign your documents, and take the exciting step of receiving the keys to your new home. Loan approval and interest rates are not guaranteed. Our commitment is to provide transparent, dependable guidance at every stage of your mortgage journey. Why Choose First USA Mortgage Solutions? Fast and Easy Process Start with a simple application and take the next step toward your dream home. Personalized Service Work with a dedicated mortgage expert who guides you every step of the way. No Hidden Fees Transparent from start to finish—no surprises, just straightforward guidance. Multilingual Support Helping you navigate the process in multiple languages. Learn More About Our Services FAQ Do you offer FHA and VA loans in this area? Yes. We proudly serve Lower Bucks with FHA and VA loan programs designed to make homeownership more accessible. How can I get prequalified for a mortgage? You can easily start online with our prequalification form or schedule a consultation with one of our licensed loan officers. What is the average time to close a loan? Most loans close within 30 to 45 days, depending on the program and documentation speed. Do you work with self-employed buyers? Yes, we offer bank statement and DSCR loans that consider cash flow instead of traditional income documentation. Get Prequalified for Your Mortgage in Minutes Ready to take the next step toward your dream home? Start by getting prequalified with First USA Mortgage Solutions. Fill out our simple form, and we’ll review your information to provide tailored mortgage options—without impacting your credit score. First name* Last name* Email* Phone* Birthday Month Month Day Year Desired Loan Type* Home Purchase Mortgage Refinancing Cash-Out Refinance Mortgage for Self-Employed DSCR Loan VA Loan FHA Loan Reverse Mortgage Other Property Address with Zipcode (optional) Your credit score (if known) Price of Purchase (optional) Additional Information (optional) Upload one of the following documents to help us verify your income: First two pages of your most recent personal or business tax return , or Recent paystubs (last 30 days), or Bank statements (last 2–3 months, personal or business) This step is optional but can speed up your pre-qualification. Upload your documents Upload File I acknowledge and consent to the handling of my personal information as described in the Privacy Policy . * I understand I am requesting to be contacted about a mortgage. We respect your privacy. We will only contact you regarding your request—no spam or unwanted calls. Get My Free Prequalification

Business-purpose loans for Florida real estate investors — DSCR loans, Non-QM bank statement programs, 30-year fixed LLC financing, and commercial property loans. Serving Miami, Orlando, Tampa, Jacksonville and more. Fast approvals with no W-2 income required. > Services > Commercial & Investment Loans Florida > FLORIDA COMMERCIAL & INVESTMENT LOANS DSCR, Non-QM & LLC Financing Designed for Real Estate Investors Florida is one of the most active real estate investment markets in the United States. With strong rental demand, rapid population growth, favorable tax conditions, and a thriving short-term rental ecosystem, investors from across the country (and abroad) are expanding their portfolios here. Our commercial and investment loan programs are designed specifically for business-purpose financing — ideal for rental properties, short-term rentals, multifamily investments, and commercial buildings across Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale and beyond. These programs are not consumer loans and are not intended for primary residences. Get Prequalified Today Tlačítko Other Services Trusted by Homebuyers & Investors Across Florida and Pennsylvania → Read Client Experiences 65+ Google Reviews Loan Programs Available in Florida Florida offers one of the most diverse sets of lending options for real estate investors. These programs are designed for business-purpose transactions and focus on the performance of the property rather than traditional W-2 income. Below is an overview of the main investor-friendly loan types available across Miami, Orlando, Tampa, Jacksonville and surrounding markets. Want a loan based purely on rental cash flow? Explore DSCR Loans — ideal if you prefer qualifying without W-2s or tax returns. Self-employed or have complex financials? See Non-QM Bank Statement Loans — built for business owners who want income-qualified financing without traditional documentation. Buying through an LLC for protection or tax planning? Check out 30-Year Fixed Loans for LLCs — long-term stability with an investor-friendly structure. Investing in office, retail, industrial, or multifamily 5+ units? Learn about Commercial Real Estate Loans — designed for income-producing commercial assets across Florida. DSCR Loans Non-QM Bank Statement Loans LLC Commercial Real Estate (CRE) DSCR Loans (Debt Service Coverage Ratio) DSCR loans allow investors to qualify based solely on the cash flow of the property. Instead of reviewing tax returns or employment history, the lender evaluates whether the rental income can cover the projected mortgage payment. This type of financing is especially popular in Florida’s high-demand rental markets—Miami short-term rentals, Orlando vacation properties near Disney, and Tampa long-term rentals—where strong occupancy and rental rates often support favorable DSCR ratios. Formula: DSCR measures whether the property’s income can cover its debt payments. DSCR= NOI (Net Operating Income) = Gross Rental Income – Operating Expenses Total Annual Debt Payments = Total yearly mortgage payments (principal + interest) Why investors choose DSCR loans: No W-2s or tax returns required Approval based on rental income (LTR or STR) LLC ownership allowed Fast underwriting and closings Non-QM Bank Statement Loans (12–24 Months) For self-employed borrowers, traditional tax documents rarely reflect true income. Non-QM bank statement loans solve this problem by using 12 or 24 months of bank statements to determine qualifying income. These programs are widely used in markets like Miami-Dade, Fort Lauderdale and Naples, where many investors are business owners, contractors, or high-income self-employed professionals. Key advantages: Qualify using bank deposits instead of tax returns Higher loan amounts available Flexible guidelines for business owners Works for both long-term and short-term rental properties 30-Year Fixed Loans for LLC Investors This option combines the familiarity of a traditional mortgage with the structural benefits of buying through an LLC. Many investors choose this program to secure a stable monthly payment while maintaining liability protection and cleaner bookkeeping. Ideal for: Buy-and-hold investors LLC-structured purchases Long-term rentals in Orlando, Tampa, Jacksonville Portfolio expansion with predictable costs These programs typically require minimal documentation and are well-suited to investors focused on long-term stability. Commercial Real Estate (CRE) Loans Florida’s commercial market is expanding rapidly, creating opportunities in office buildings, mixed-use developments, retail centers, industrial warehouses, and multifamily properties (5+ units). CRE loans evaluate the performance and potential of the asset itself, rather than relying on the borrower’s personal income. Examples of qualifying properties: Office and medical buildings Retail and shopping centers Industrial or warehouse space Multifamily 5+ units Mixed-use properties This type of financing is common in metros such as Tampa Bay (industrial growth), Miami (mixed-use and multifamily) and Jacksonville (logistics hubs). Net Operating Income (NOI) Total Annual Debt Payments Summary If you want a loan that doesn’t require tax returns , DSCR and Non-QM options are built exactly for that. With DSCR financing, the lender simply looks at whether the rental income can support the mortgage payment. With bank statement loans, your actual business deposits show the income you’re working with — not what your accountant minimizes for tax purposes. For many investors buying in markets like Miami, Orlando, Tampa, or Jacksonville, this creates a smoother, more predictable path to approval. Florida investors also appreciate the ability to purchase properties directly through an LLC . If that structure matters to you — for liability protection, tax planning, or just cleaner bookkeeping — most investor programs allow it. We help you match your financing strategy to the ownership structure that best supports your goals. Start With a Quick Consultation Contact our team for a free mortgage estimate. +1 (888) 716-3867 megan@fumsolutions.com sergio@fumsolutions.com Why Florida Is One of the Best States for Real Estate Investors Florida isn’t just a popular vacation destination — it’s one of the strongest and most resilient real estate investment markets in the United States . Investors are drawn here for a reason: the combination of population growth, tax advantages, and consistent rental demand creates an environment where well-selected properties can perform exceptionally well. Whether you're focused on short-term rentals, long-term buy-and-hold strategies, or building a diversified portfolio across different cities, Florida offers the kind of stability and opportunity investors look for. A Growing Population That Fuels Rental Demand Florida continues to attract new residents at one of the fastest rates in the country. People are moving from high-cost states like New York, New Jersey, and California — and they need places to live. For investors, that means stronger occupancy, steady rental income, and a tenant base that grows every year. Cities like Tampa, Orlando, and Jacksonville have seen impressive long-term demand for both entry-level and mid-range rentals. High-Performing Short-Term Rental Markets Florida is home to some of the most profitable short-term rental destinations in the U.S. Miami offers year-round tourism and high nightly rates Orlando draws millions of visitors annually thanks to Disney and Universal Tampa and Clearwater provide a mix of beach tourism and business travel For DSCR and Non-QM borrowers, these markets can make qualifying easier because rental income is often strong, stable, and predictable. No State Income Tax One of the biggest financial advantages of investing in Florida is simple: no state income tax. This attracts high-income earners, entrepreneurs, retirees, and remote workers — all of whom contribute to a strong housing market. For investors, it often means better cash flow and a more favorable environment for long-term portfolio growth. Strong Appreciation and Long-Term Stability Florida’s major counties — including Miami-Dade, Orange, Palm Beach, Hillsborough, and Pinellas — have shown consistent property value appreciation over the past decade. Investors benefit not only from rental income, but from the long-term equity growth that these markets continue to deliver. How These Loans Work in Florida Investor loans work very differently from traditional mortgages — and if you’re looking to build or expand your portfolio in Florida, that difference can make the entire process feel much more accessible. Instead of focusing on W-2s or tax returns, these programs evaluate the property itself and the income it’s capable of generating . That means you can qualify based on real rental performance rather than navigating complicated personal documentation. Our goal is to help you use that flexibility to your advantage so you can move forward with clarity and confidence. Appraisals in Florida also reflect the realities of this market. Depending on the loan type, the valuation may consider long-term rental income, short-term rental projections, neighborhood performance trends, or a mix of these factors. This ensures you’re evaluated based on how Florida rentals actually operate, not on generic assumptions that don’t fit our market. And when you’re ready to close, the process is straightforward. Florida supports fast, investor-friendly closings , and many DSCR and Non-QM loans can be completed in as little as 14 to 25 days. Whether you live in Florida or invest from out of state, we help you navigate the steps so the transaction stays organized and stress-free. Most importantly, these programs are built for momentum . Once you understand how property-based qualification works, it becomes much easier to scale — one property at a time — without jumping through the usual income-verification hoops. If your goal is to grow a stable rental portfolio in Florida, we guide you through each step so you can keep moving forward with confidence. Typical Requirements While each loan program has its own underwriting guidelines , most Florida investor loans follow similar baseline expectations. The following ranges reflect common industry standards and may vary by lender: DSCR ratio: Often 1.0+; some programs may allow lower ratios (0.75–0.99) with compensating factors Down payment : Typically 15–25%, depending on the property type and loan structure Credit score : Generally 620–700+ for most programs Reserves : Approximately 3–12 months of payments, varying by loan product and risk profile Income-producing property : The property must generate, or reasonably be expected to generate, rental income Business-purpose intent : The loan must be used for investment or commercial purposes, not for personal occupancy Who Can Qualify for These Programs? These loan programs are designed specifically for business-purpose real estate transactions, which makes them accessible to a wide range of investors. You may qualify if you fall into one of the following categories: Real estate investors purchasing or refinancing income-producing properties Self-employed borrowers whose income is not easily captured through W-2s or traditional documentation LLCs and business entities looking to acquire or hold rental assets High-income earners with complex or tax-optimized financials Short-term rental operators investing in Airbnb or vacation rental markets Out-of-state or foreign investors , depending on the specific loan program and eligibility requirements All loans must be strictly business-purpose , meaning they cannot be used for primary residences or consumer lending. Start With a Quick Consultation Contact our team for a free mortgage estimate. +1 (888) 716-3867 megan@fumsolutions.com sergio@fumsolutions.com How It Works: Start With a Quick Consultation Reach out by phone or email to tell us about your investment goals. One of our commercial and investor lending specialists will review your scenario and help you understand your financing options. Get Pre-Qualified for the Right Program We’ll guide you through a streamlined pre-qualification process designed for business-purpose loans. Whether you’re considering DSCR, Non-QM, or commercial financing, we help you identify the program that aligns with your strategy. Close on Your Investment Property With Confidence Once your loan is approved, we coordinate the final steps and work closely with all parties to ensure a smooth, timely closing. You’ll move forward knowing your financing supports your investment plan — today and for future acquisitions. info@fumsolutions.com megan@fumsolutions.com sergio@fumsolutions.com +1 (888) 716-3867 51 Buck Road, Huntingdon Valley, PA 19006 FAQ Are these loans available for primary residences? No. All programs listed on this page are strictly business-purpose loans . They can only be used for investment or commercial properties, not for homes you plan to occupy. Can I qualify without W-2s, tax returns, or pay stubs? Yes. Many Florida investors do. DSCR loans qualify you based on rental income from the property, and Non-QM programs may use 12 or 24 months of bank statements instead of tax returns. These programs are specifically built for investors and self-employed borrowers. Can I qualify using Airbnb or short-term rental income? Often yes. Short-term rental income may be used depending on the loan program and lender. Florida’s STR markets — like Miami Beach, Orlando, and Tampa — are commonly supported due to strong performance and stable demand. What DSCR ratio do I need in Florida? Most investors qualify with a DSCR of 1.0 or higher , meaning the property’s income covers the mortgage payment. Some programs allow DSCR as low as 0.75–0.99 with compensating factors such as higher credit or stronger reserves. Can I buy the property through an LLC? Yes. LLC ownership is widely accepted for DSCR loans, Non-QM loans, and many commercial loan programs. This is a preferred structure for investors who want liability protection or cleaner portfolio management. Do foreign investors qualify for these programs? Often yes. Several investor programs offer options for foreign nationals , depending on documentation, credit, and property type. Availability varies, but Florida is one of the most foreign-investor-friendly states. How fast can I close on a Florida investment property? DSCR and Non-QM loans can often close in 14–25 days , depending on appraisal timelines and documentation. Commercial loans may take longer, but we guide you through every step to keep the process efficient. Do I need a lease signed before applying? Not necessarily. Many programs use market rent estimates , short-term rental projections, or appraiser-verified rental income — especially for new acquisitions that are not yet leased. What credit score do I need? Most programs require a credit score of 620–700+ , depending on the loan structure, down payment, and DSCR. Higher scores may unlock better terms. What down payment is required for Florida investor loans? Expect a down payment between 15–25% for most residential investment loans. Commercial properties may require more depending on the asset type and risk profile. Are interest-only options available? Yes, in many cases. Interest-only periods may be available on certain DSCR, Non-QM, and commercial loan programs, giving investors improved short-term cash flow. Can I refinance an existing Florida rental property through these programs? Yes. Cash-out and rate-term refinances are commonly available for DSCR, Non-QM, and commercial loans, as long as the property meets business-purpose requirements and income guidelines. Do these loans appear on my personal credit report? It depends on the program. Some DSCR and Non-QM loans may report to personal credit; others do not. LLC-structured loans may have different reporting rules. We can help you choose the structure that fits your goals. Do I need rental experience to qualify? Not always. First-time investors often qualify for DSCR or bank statement loans as long as the property meets income requirements and you meet the credit and down payment guidelines. Are reserves required? Typically yes — most programs require 3–12 months of reserves depending on credit, property type, and loan structure. This provides stability for both the lender and the investor. What if the property doesn’t cash-flow? Some programs allow lower DSCR ratios if you have stronger credit, additional reserves, or a larger down payment. We can help you evaluate scenarios and choose the right strategy. Start With a Quick Consultation Contact our team for a free mortgage estimate. +1 (888) 716-3867 megan@fumsolutions.com sergio@fumsolutions.com

Use our Pennsylvania mortgage calculator to estimate your monthly mortgage payments. Quickly calculate costs, including homeowners insurance, property taxes, and PMI. Mortgage Calculator Estimate Your Monthly Payment with Ease Planning to buy a new home? Use our easy-to-navigate mortgage calculator to estimate your monthly payments and understand how factors like interest rates and down payments influence your costs. Home Price Enter the estimated price of the home you are looking to purchase. $100 000 Down Payment Set the percentage of the home price you plan to pay upfront. Typically, a 20% down payment avoids PMI (Private Mortgage Insurance). 20.0% = $20,000 Interest rate Adjust the interest rate. Check current rates from your lender or online sources. 7% Search Did you know? Your credit score has a significant impact on your interest rate. Loan Term * 15 years fixed 20 years fixed 30 years fixed Your estimated mortgage monthly payment is This estimate includes only your mortgage payment (principal and interest). It does not account for additional costs such as homeowners insurance, property taxes, or PMI (Private Mortgage Insurance), which can significantly impact your total monthly payment. You can calculate an estimate of these additional costs in the section below . $532.24 Does this look good? Let's discuss your mortgage options! Disclaimer: The results provided by this calculator are for informational purposes only and are based on the data you entered. Actual loan terms, property taxes, and insurance costs may vary depending on your location and lender. Please consult with a licensed mortgage professional for a more accurate assessment . Additional Costs When calculating your mortgage payment, it's important to consider more than just the loan and interest. Homeownership comes with extra expenses, such as property taxes, homeowners insurance, and, in some cases, private mortgage insurance (PMI). These costs vary based on your location, loan details, and home value. Use this section to estimate your total monthly payment, including these essential expenses. Homeowners Insurance (% per year of home value) Search Homeowners insurance covers damages to your home and belongings. Typically ranges from 0.5% to 1% of the home value per year. Your Estimated Monthly Payment of Taxes + Insurance: PMI (Private Mortgage Insurance) Search $83.33 $216.66 PMI is required if your down payment is less than 20% of the home price. PMI rates vary but average around 0.5% to 1% of the loan amount per year. $0 Property Taxes Search Property taxes are based on the value of the home and local tax rates. Rates typically range from 0.5% to 2% of the home value per year. The total payment shown above is an estimate and includes only typical costs such as homeowners insurance, property taxes, and PMI. These costs can vary significantly based on your location, the value of your home, and your lender's requirements. The default values provided are based on average estimates in Pennsylvania. We encourage you to contact us or consult local resources to refine your calculations. $133.33 Disclaimer: The results provided by this calculator are for informational purposes only and are based on the data you entered. Actual loan terms, property taxes, and insurance costs may vary depending on your location and lender. Please consult with a licensed mortgage professional for a more accurate assessment . Anchor 1 How Credit Score Affects Your Mortgage How Credit Score Affects Your Mortgage What is a credit score? Your credit score is a numerical representation of your creditworthiness. Lenders use it to determine your mortgage interest rate. Scores typically range from 300 to 850. How does it affect my loan? A higher credit score can lower your interest rate, saving you thousands of dollars over the life of your loan. A lower credit score may result in a higher rate or require a larger down payment. Where can I check my credit score? You can check your credit score for free through: Credit Karma Annual Credit Report Understanding Homeowners Insurance Understanding Homeowners Insurance What is homeowners insurance? It protects your home against damages or disasters, such as fire, storms, or theft. It also includes liability protection for accidents on your property. Is it required? Yes, most lenders require homeowners insurance as part of your mortgage agreement. How much does it cost? On average, homeowners insurance costs around $1,200–$1,500 per year in Pennsylvania. Rates depend on your location, home value, and coverage amount. Tips to lower your cost: Bundle with other insurance policies. Increase your deductible. Compare rates from multiple providers. What You Need to Know About Property Taxes What You Need to Know About Property Taxes What are property taxes? Property taxes are annual fees paid to your local government based on the assessed value of your property and the local tax rate. How much are property taxes in Pennsylvania? Rates vary by county but generally range from 1% to 3% of your home’s value annually. How are they paid? Often included in your monthly mortgage payment through escrow. Alternatively, you can pay them directly to your local tax authority. Property tax resources: Pennsylvania Tax Calculator What is PMI and When Do You Need It? What is PMI and When Do You Need It? What is PMI? PMI is insurance that protects the lender if you default on your mortgage. It is typically required if your down payment is less than 20%. How much does PMI cost? PMI usually costs between 0.5% and 1% of the loan amount annually. For example: On a $200,000 loan, PMI might cost $1,000–$2,000 per year. How can I avoid PMI? Save for a 20% down payment. Look for lender-paid PMI options. Can PMI be removed? Yes! Once you’ve paid down your loan to 80% of its original value, you can request to have PMI removed. Anchor 2 If you're a resident of Pennsylvania , our team is here to help you secure the best mortgage. For a more personalized conversation, please share your details below. To personalize our recommendations, please share your credit score and provide your contact details below. Let’s Get Started on Your Home Loan Together First name* Last name* Phone* Email* Home Price Down Payment Credit Score I acknowledge and consent to the handling of my personal information as described in the Privacy Policy . Submit my details Call Us

Unlock your home’s equity with a cash-out refinance. Use the cash for home improvements, debt consolidation, or other financial needs. Apply today. > Services > Cash Out Refinance > Unlock Your Home’s Equity with a Cash-Out Refinance If you need extra cash for home improvements , debt consolidation , or even starting a business, a cash-out refinance could be the solution. This refinancing option lets you tap into your home’s equity by replacing your existing mortgage with a new one for a higher amount, giving you access to extra cash. First USA Mortgage Solutions is here to help you explore your options and leverage your home’s value to meet your financial goals. Why Consider a Cash-Out Refinance? A cash-out refinance offers flexibility and control over your finances by unlocking the equity in your home. Whether you’re paying off high-interest debt, tackling home renovation projects, or making other big purchases, this refinancing option can provide the cash you need. Get Prequalified Today Tlačítko Key Benefits of Cash-Out Refinance Access to Cash for Any Purpose Tap into your home’s equity to fund home improvements, consolidate debt, or explore new investment opportunities. Lower Interest Rates Refinance your mortgage at today’s lower interest rates, which could save you money compared to your existing loan. Debt Consolidation Simplify your finances by consolidating high-interest debts into one lower-interest mortgage payment. Home Renovations Use your home’s equity to fund major renovation projects, from upgrading kitchens to adding extra bedrooms. How Does a Cash-Out Refinance Work? A cash-out refinance replaces your existing mortgage with a new one that’s larger than your current balance. The difference between the old loan and the new loan is given to you as cash, which you can use however you choose. You’ll continue making payments on the new mortgage, similar to your original loan. Example: If your home is valued at $400,000 and your current mortgage balance is $100,000, you may be able to refinance up to 80% of your home’s value—up to $320,000. After paying off your current mortgage, you could receive $220,000 in cash to use as needed. Common Reasons to Choose a Cash-Out Refinance Home Repairs and Improvements: Upgrade your home with a new kitchen, additional bedrooms, or energy-efficient updates. Debt Consolidation: Pay off high-interest credit cards or personal loans by consolidating them into one manageable mortgage payment. College Tuition: Use your home equity to cover education expenses for yourself or family members. Investment Opportunities: Start a business, buy another property, or explore other investment options using your home’s equity. Can You Qualify for a Cash-Out Refinance? To qualify for a cash-out refinance, lenders typically require: A credit score of 620 or higher. At least 20% equity in your home. A debt-to-income ratio that meets lender requirements. Factors That Affect Cash-Out Refinance Rates Your Credit Score : Higher credit scores generally lead to lower interest rates. Loan-to-Value Ratio : The amount of equity in your home plays a role in determining your interest rate. Market Conditions : Mortgage rates fluctuate based on current economic trends and market conditions. Ready to Access Your Home’s Equity? Are you ready to unlock your home’s equity? Apply for a cash-out refinance with First USA Mortgage Solutions and take control of your financial future today. Prequalify for a Cash-Out Refinance Tlačítko No obligation. We’ll help you explore your best options. FAQ What’s the minimum credit score for an FHA loan? You’ll need a credit score of at least 580 for a 3.5% down payment . Can I Get an FHA Loan with Low Credit? FHA loans are designed to be accessible for buyers with less-than-perfect credit. You may qualify with a credit score as low as 580 (or even 500 with a 10% down payment). Tip: Improving your credit score even slightly can help you get better terms. You’ll need Can I use an FHA loan to buy a multi-unit property? Yes, FHA loans can be used for multi-unit homes , as long as you live in one of the units. What’s the difference between FHA mortgage insurance and conventional PMI? FHA loans require both upfront and annual mortgage insurance premiums (MIP) , while PMI is typically required on conventional loans with less than a 20% down payment . How much cash can I take out with a cash-out refinance? Typically, you can borrow up to 80% of your home’s value , depending on your current mortgage balance. Will my interest rate change with a cash-out refinance? Yes, your new loan will have a different interest rate based on current market conditions and your financial profile. Can I use the cash from a refinance for anything I want? Yes, you can use the cash for any purpose, including home improvements , debt consolidation , or personal investments. How It Works: Schedule Your Free Consultation Fill out the form to start your journey. One of our experienced advisors will reach out to discuss your needs. Get Pre-Approved We’ll walk you through a quick and easy pre-approval process tailored to your situation. Close on Your Dream Home With our expert guidance, you’ll secure the right mortgage and move in with confidence! Get a Free Mortgage Consultation! First name* Last name* Email* Phone* Estimated Home Price* What’s your estimated credit score? What are you interested in? Find Out If You Qualify