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Mortgage Rates - Pennsylvania

When it comes time to buy your dream house, your first house, or your empty-nester house in PA, one of the most important aspects is making sure that you have the best rates for your financial situation. 

We would love to connect with you and provide a customized mortgage rate quote so you can buy or refinance your existing home with confidence. Call us at 844-221-3500 or answer a few questions below and we'll be in touch.

Understanding Mortgage Rates

As you think about mortgage rates and what's best for you, it can be helpful to understand how mortgage rates are determined. At its basic level, a mortgage rate is made up of interest rates and points.

Interest Rates - think of interest rates as the amount you pay in order to have access to borrow the actual amount of your home in Pennsylvania. The mortgage rate offered to you will be based on several factors including how much of a down payment you are providing, how long you'll be borrowing the money (typically 20 or 30 years for a mortgage), and your likelihood of paying the loan back based on your credit history and other financial factors.

Mortgage Points - Points are comprised of fees that are paid at your mortgage loan closing, which roll up into your mortgage rate. Mortgage points are a portion of your origination fee, that is being used to reduce the interest rate. Learn more.

Applying for a Home Mortgage with First Commonwealth Bank

Our team of Mortgage Loan Originators has been rated 4.8 stars out of 5 by our customers, which means you're working with a team that is passionate about helping you afford the home of your dreams. 

We'll help you understand the basic of applying for a mortgage and provide helpful tips like pitfalls to avoid before applying. Also with our Start Smart Pre-Approval program, you can get a jump start ahead of other Pennsylvania buyers, which is especially helpful if you live in an area where homes sell quickly.

Talk with us today about fixed-rate mortgages, adjustable rate mortgages, construction loans and jumbo loans. We also offer programs for first-time homebuyers, Veterans and USDA loans for buying properties in designated rural communities. Submit a pre-approval online so that you are ready when you find the right home or, if you’re ready to buy now, apply online now for your home mortgage.