Home Mortgages

Whether you’re purchasing your first home or refinancing your current mortgage, think of Penn Community Bank first. Our experienced team of home mortgage lenders will work closely with you to define your needs and evaluate our wide variety of home mortgages to find the one that will best fit your needs. Residential mortgage financing today is flexible. Even if you think owning your own home might be out of reach, our seasoned mortgage lenders can work with you to put you on the path to home ownership. We offer a variety of home mortgage loan types to suit a wide array of financial situations.

In addition to conventional mortgages, we also offer:

• Adjustable-Rate Mortgages
• Jumbo Mortgages
• Federal Housing Administration (FHA)
• First Time Home Buyer Programs
• Veterans Affairs (VA)

Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) is one in which the interest rate changes periodically. Penn Community Bank offers ARMs that lock in the initial interest rate for 3 years, 5 years, 7 years, or 10 years. After the initial fixed-rate period, the rate will adjust up or down based on a standard, industry-recognized interest rate benchmark.

Rate adjustment caps protect the borrower from unpredictable increases by limiting how much your interest rate could increase or decrease.

Features:

• Fast, local decision-making
• 15-year and 30-year terms
• Interest rate fixed for initial period
• Available in 3-year, 5-year, 7-year, or 10-year initial rate locks
• Caps offer protection against unlimited rate increases
• No prepayment penalty