Specialty Mortgages Traditions Mortgage is your go-to for government and first-time homebuyer programs.
Beyond conventional and construction loans, Traditions Mortgage offers unique programs, government mortgages, and more to find the right home loan for you. Whether you're building a new home, purchasing an existing home, or refinancing your current mortgage, you can count on Traditions Mortgage, A Division of ACNB Bank, to guide you through the mortgage process. We offer:
- FHA Mortgages
- VA Mortgages
- PHFA Mortgages
- USDA Mortgages
- Mortgage Loans for Medical Professionals and Community Heroes
Our team is ready to help you love your home loan as much as your home.
FHA Mortgages
Traditions Mortgage, A Division of ACNB Bank offers FHA (Federal Housing Administration) mortgage loans that provide a low down payment and the ability to finance some of the closing costs. FHA loans have no maximum income limits and are available to most homebuyers.
Our experienced mortgage lenders can walk you through the application process, discuss FHA mortgage rates and explain the terms of your loan. Traditions Mortgage believes that getting a mortgage should be a transparent, straightforward process. We strive to make you feel comfortable every step of the way when you work with us to secure your FHA mortgage.
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What is FHA?
The Federal Housing Administration was formed in 1934 in the midst of the Great Depression to make it easier for people to buy houses. The FHA more recently became a source of mortgage financing, which helps to steady the mortgage market. FHA is the only government agency that operates entirely from its self-generated income and costs the taxpayers nothing. The proceeds from the mortgage insurance collected is used to operate the program. In other words, other FHA homeowners have helped to make it possible for you to take advantage of this product. In turn, you will help others if you are an FHA loan customer.
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The Benefits of Securing FHA Mortgage Loans at Traditions Mortgage
When you secure a mortgage from Traditions Mortgage, our in-house team handles the underwriting, processing, and closing of the FHA loan. This offers a unique and personable experience that allows you to streamline your communications and makes the entire process more convenient. You can rest assured we'll take care of all of the details, while keeping you informed and involved.
You can also feel good about working with a mortgage company with strong local ties. We believe in supporting the communities we serve. Our associates get to know our customers and provide the type of support you want from anyone who has your financial best interests at heart.
VA Mortgages
Our veterans are the backbone of our great nation. Their sacrifices help keep this country safe, and we want to show our appreciation for all they have done. That's why we offer VA mortgages (US Department of Veterans Affairs) for veterans in Pennsylvania, Maryland, and the surrounding areas who want to buy a home. By making the process more accessible and affordable, we hope to assist more veterans with getting the housing they need and deserve.
If you are a U.S. military veteran, Traditions Mortgage, A Division of ACNB Bank offers VA mortgages with competitive rates and terms, and low or no down payment.
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What is a VA mortgage?
VA mortgages are offered through the federal government to those who have served in the regular United States military, reserves, or National Guard. They provide money for housing at a lower cost to veterans as a way to thank them for their service. Unique features of this type of mortgage include:
- Reduced closing costs for veterans
- No down payment for veterans (as long as the appraisal value of the property is lower than or equal to the purchase price)
- Prevents lenders from penalizing the veteran if they pay off their loan early
- Allows veterans to avoid monthly private mortgage insurance payments
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What can you buy with a VA mortgage?
Veterans can purchase a range of different housing styles when they use a VA mortgage including homes or condominiums.
Talk to our Traditions Mortgage Loan Officers in Pennsylvania and Maryland. They can discuss the many options available and determine the best loan program for your unique situation.
PHFA (PA Housing Finance Agency) Mortgages
If you are a first-time homebuyer and fall within certain income guidelines, Traditions Mortgage, A Division of ACNB Bank can offer a PHFA mortgage (Pennsylvania Housing Financing Agency) through the Keystone Home Loan Program.
- Minimum borrower contribution can be as low as $1,000
- Fixed interest rate for entire term
- Conventional, FHA, VA and RD loan types
- Second mortgages eligible for qualified borrowers
- Keystone Advantage Assistance loans with a 0% interest rate are available with this loan to qualified buyers.
Interest rate and APR subject to PHFA funding. For qualified buyers only. Contact a Traditions Mortgage Loan Officer to find out if you are eligible to take advantage of this program.
USDA Mortgages
If you fall within certain income guidelines, Traditions Mortgage, A Division of ACNB Bank can offer a United States Department of Agriculture (USDA) mortgage, also known as a Rural Housing Services (RHS) mortgage, with up to 100% financing.
Traditions Mortgage is an approved vendor through the U.S. Department of Agriculture for USDA loans. These loans are designed to offer more opportunities to residents of rural areas with low to moderate-income levels. The Rural Housing Service administers these types of loans.
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How do USDA mortgages work?
Rural American plays an integral role in our country's success. Agriculture is an important part of the American economy, and the people in rural areas help to keep the American dream alive. The USDA/RHS program encourages people to stay in these communities by providing financing opportunities in approved geographical areas.
USDA loans give low-income rural families a government subsidy that helps to reduce the down payment on the property. Household income must meet certain guidelines.
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Who qualifies for USDA loans?
First, you will need to check if your address meets the government eligibility requirements. to apply for the loan, the applicant also must:
- Meet income eligibility
- Agree to use the property as their primary residence
- Be a U.S. Citizen, a U.S. non-citizen national, or a Qualified Alien
- Be legally aware of the impact of the loan obligation
- Not be suspended or debarred from participation in federal programs
- Demonstrate the ability to meet credit obligations in a responsible manner
- Purchase a property that meets all of the program criteria
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What are the benefits of USDA loans?
You may wonder why a USDA loan could be the right choice for rural residents. While you may qualify for other loan options, here are just a few advantages of securing a USDA mortgage:
- Closing costs and reasonable expenses associated with the purchase may be included in the loan.
- You can use the funds from your loan to establish an escrow account that pays for flood or hazard insurance, providing needed protection for your home and crops.
- You can employ the funds to remodel sections of the dwelling to assist a member of your family withy a physical disability.
- For more eligible uses of these funds, click here.
USDA loans deliver the flexibility you may need when comparing to other mortgage loan options. They are worth consideration if you meet the requirements. When you're ready to buy a home, look to Traditions Mortgage first. One of our experienced local Mortgage Loan Officers would appreciate the opportunity to help you secure a USDA mortgage.
Buy a Home
Found the perfect home for your family? Let us help you buy it.
- Great for first time buyers, or experienced home buyers!
- Fixed or Variable rates available.
- We even have special offers for mortgages to save you even more money.
Refinance a Home
Want to save money and get a better interest rate? Of course you do.
- Consolidate your debt.
- Little or no out of pocket costs.
- Access equity in your home for improvements.
Build a home
We can help you build the house of your dreams.
- Buy land and build with one loan.
- One-time closing process.
- Up to 30 year terms available.
Mortgage Loans for Medical Professionals
Special home buyer program for medical professionals in their field for less than 10 years.
- Special home buyer program for new doctors, dentists, nurse practitioners, physicians assistants and more.
- Up to 100% loan-to-value (LTV).
- No monthly private mortgage insurance and as little as 3% down.
Save $200 on mortgage closing costs
Did you know that you can save $200 on closing costs?
- If you have an Advantage Rewards checking account or an Advantage Rewards Plus checking account, you're eligible to receive $200 off closing costs for residential mortgages and home equity consumer loans and lines on a primary residence.
Community Heroes Program
- Helping local heroes like teachers, fire fighters, police officers, nurses, EMTs, paramedics, and active or former military personnel purchase a home.
- Reduced monthly mortgage insurance and as little as 1% down.
Get Started
Contact a Specialist
Complete the Mortgage Information Contact form to get started right away.
VISIT AN OFFICE
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Use our office locator to find an office near you.
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