The next step is hunting down the best mortgage for that Lancaster home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Lancaster lenders that will compete to provide a loan at the lowest rate, matching you with nearly 11 Lancaster mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Lancaster mortgage payment was $ which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Lancaster home.

Lancaster is a major city in Pennsylvania with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Beacon Mortgage Inc, First Home Mortgage Corp, American Home Bank Na, Washington Mutual Bank Fa, Gateway Funding Diversified Mtg Srvs Lp, Homesale Mortgage llc, M And T Mortgage Corporation, Select Funding Inc.First Horizon Home Loan Corporation.Fulton Bank.

Lancaster Mortgage & Real Estate Market

In 2006 Lancaster housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Lancaster was $. This number is big in comparison to the median home value back in 2000 of $71,300. Lancaster has a solid home ownership base with houses and apartments and % of those are occupied by their owners. Despite the current market, historically Lancaster has been a city where people move, buy and stay - with 55% of homeowners currently paying off a mortgage. About 15% of the city's current homeowners are carrying a second mortgage or home equity loan.

Eagle Nationwide Mortgage Company
1332 N Halsted #402 Chicago, IL	Phone: 866-573-9844 Ask for: Perlman Jon
Special Mortgage Programs
Call Jon Perlman at 866-573-9844 or Apply On-Line Today!!

Housing	Lancaster, PA	United States
Median Home Cost	$114,000	$217,200
Homes Owned	42.50%	64.07%
Homes Rented	48.35%	21.45%
Home Appreciation	10.30%	9.80%

Location	Population	Median Family Income (2005)
Allentown	106,632	$32,016
Altoona	49,523	$28,248
Bethel Park	33,556	$53,791
Bethlehem	71,329	$35,815
Chester	36,854	$25,703
Erie	103,717	$28,387

Category	Value
Homes With No Mortgage	30%
First Mortgage Only	55%
2nd Mortgage or Home Equity	15%
Second Mortgage Only	6%
Home Equity Loan Only	9%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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