Conventional mortgages, VA loans, FHA mortgages, USDA mortgages, mortgage refinances, home equity loans, reverse mortgages. We specialize in helping our clients in State College and beyond to get the mortgage that is best suited to their needs. Whether you're looking for a home mortgage, a mortgage refinance, reverse, VA or any other type of mortgage - let's talk about the one that's right for you!
An FHA mortgage is for EVERY home buyer, not just first time home buyers. This great loan program has a low down payment of 3.5% and allows for up to 6% seller assistance towards closing costs if negotiated. Find out today if an FHA mortgage is the right program for you! USDA mortgages provide low and moderate income rural residents with better access to affordable housing finance options.
An FHA mortgage is for EVERY home buyer, not just first time home buyers. This great loan program has a low down payment of 3.5% and allows for up to 6% seller assistance towards closing costs if negotiated. Find out today if an FHA mortgage is the right program for you! USDA mortgages provide low and moderate income rural residents with better access to affordable housing finance options.
Services
Principle Home Mortgage offers 'One-Time Close' construction loans for FHA, USDA, and VA loan types in State College, PA and the Centre County region. Agency: Federal Housing Administration; The Department of Veterans Affairs; US Department of Agriculture/Rural Housing Authority. Max Loan Amount: No guideline is set, but based upon your debt-to-income (DTI) ratio and several other factors.
You think you're ready to buy a home? Whatever the motivation behind your decision to purchase instead of rent, there are things to consider before jumping in feet first. In this article, we'll discuss the process, the key players, and what to expect when you're buying your first home. There are many ways to find out your credit score, but however you choose to look it up, it shouldn't be of great surprise to you.
Principle Home Mortgage offers FHA home loans in State College, PA and the Centre County region in addition to other great mortgage loan products, from VA to conventional. FHA (Federal Housing Administration) home loans are a wonderful product for many types of buyers, but particularly those looking to purchase a home with a low down payment.
Principle Home Mortgage seeks out the best lending banks with the best rates to offer our clients in State College, PA and the Centre County region on conventional mortgage products. The biggest difference with a conventional mortgage product is how mortgage insurance is structured.
For clients who have the ability to provide a 20% down payment in a forward purchase, or have 20% equity for a refinance, a conventional mortgage does not require mortgage insurance.With less than 20% down, clients generally expect to see that conventional mortgages have lower mortgage insurance requirements than FHA products, and no upfront mortgage insurance premium.
For clients who have the ability to provide a 20% down payment in a forward purchase, or have 20% equity for a refinance, a conventional mortgage does not require mortgage insurance.With less than 20% down, clients generally expect to see that conventional mortgages have lower mortgage insurance requirements than FHA products, and no upfront mortgage insurance premium.
When you refinance a mortgage, it is the process in which the original mortgage loan is paid in full with a new mortgage loan. The reason for refinancing can vary upon the borrower's situation, but often it is to reduce monthly payments through obtaining a new mortgage with a lower interest rate.
For example, if your original mortgage was not a fixed rate but an adjustable rate, and now years into making the mortgage payments the interest rate is much higher than a current fixed rate mortgage, refinancing to a fixed rate isn't a bad idea!Another popular reason to refinance is to consolidate debt.
For example, if your original mortgage was not a fixed rate but an adjustable rate, and now years into making the mortgage payments the interest rate is much higher than a current fixed rate mortgage, refinancing to a fixed rate isn't a bad idea!Another popular reason to refinance is to consolidate debt.
Reviews (10)
Kate Whitteker
Feb 01, 2021
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Amanda Kunkel
Nov 30, 2019
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Shane and Kate are LIFE SAVERS. Literally. Purchasing a home was an entirely new experience and learning curve. We could NOT have gotten through the process without Shane and Kate's expertise, fast action with paperwork, amazing communication and let's face it.....holding my hand. Literally. Their care and attention went beyond anything I thought I'd ever experience in the real-estate/ home mortgage arena. Thank YOU Shane and Kate from the bottom of my heart (and my new home). Amanda
Ian Lakind
Nov 21, 2019
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Melanie Styers
Nov 08, 2019
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I highly recommend principal home mortgage we were in a bind and in need a of a last minute mortgage with a difficult situation. They were excellent !!! They went above and beyond and helped us through a couple road bumps but they got us through it. They are genuine good people wanting to help. I highly recommend them and am very grateful for all of their hard work.
Alyssa Johnson
Jul 01, 2019
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From house hunting, to closing the team at Principle Home Mortgage was beyond helpful! As first time home buyers we had lots of questions, and Shane and his team was always happy to answer them. We ended up closing on our home just days before welcoming our 3rd child, and they where so helpful in keeping this process as stress free as possible. Would recommend them again and again! Thank you to PHM for helping us purchase our home!
Kiernan Schalk
Apr 10, 2019
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This was the first time I had been through the home buying process from start to finish. Shane and his staff are the very best at what they do and were exceedingly patient with me. Buying a home can be an overwhelming and stressful process, but if you have someone like Shane and his team in your corner, it makes it so much easier to handle. A big thank you to Shane Whitteker, Katie Goins and the other staff at Principle Home Mortgage, LLC.
Sincerely Kiernan Schalk A Happy Home Buyer
Sincerely Kiernan Schalk A Happy Home Buyer
Rikki Holland
Jan 03, 2019
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The experience with Shane and Katie was beyond words. They were not only amazing people but even better at what they do. Words cant describe how pleased we were with this experience and would recommend them to anyone. They always kept us informed throughout the whole process and would be available to answer any and all questions we ever had! We love you guys!! Beyond exceptional!
Alissa Kline
Jul 14, 2018
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Principal Home Mortgage was an absolute joy to work with! After several nightmarish experiences with other lending agencies, Katie and Shane were a breath of much needed fresh air. We appreciated there willingness to walk us through the underwriting process and answer any questions we had, even after closing was completed. There quick response time, open communication, and expertise in the industry are phenomenal. Katie and Shane both maintained patience and professionalism throughout our transaction, including the times we needed to bring our rough and tumble toddler along to sign paperwork. During
Lily
Jun 17, 2018
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Molly McCullagh
Aug 17, 2017
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Principle went above and beyond. Bottom line. My husband and I were moving back to the area at the end of his military service and Shane did an amazing job of helping us secure our VA mortgage in that difficult time of transition when other lenders wouldn't even consider helping. Thanks to Shane we are enjoying post military life in our amazing home!! We wouldn't be here without his help and commitment to getting us the best deal! Thank you Principle Home Mortgage!