It's no secret that the housing market has seen an abrupt change over the past year with interest rates rising from record-lows and sales slowing from their previously unprecedented levels.

 As we navigate this market, the most important thing to remember is that higher interest rates shouldn't necessarily stop your home search! Even if you have to lock into a higher rate, our home loans don’t have a prepayment penalty so if rates drop you can refinance at any time.* In fact, most people do not keep their original loan for its full term with the average lifespan of a mortgage coming in at under ten years!

Plus, through PMA's existing partnerships with the Pennsylvania Housing Finance Agency (PHFA) and local niche lenders, we have access to programs other lenders may not. These include down payment and closing cost assistance programs as well as lower-rate adjustable and temporary buydown options to help you mitigate higher interest rates! These alternatives typically offer lower rates than a traditional 30-year fixed mortgage and can help make your home search a successful one in ANY market!

We're always here to help you so please don’t hesitate to contact us with any questions or to get pre-qualified before beginning your home search.

*Buyer must qualify.