3 Best Mortgage Lenders in Lehigh Valley, PA

Ally Bank is an online bank founded in 2009 in Detroit. Formally known as GMAC. Ally provides conventional banking products and services and charges no lender fees.

• Pre-Approval Speed: 3 minutes
• Credit Score: 620 for all typical loans and 700 for Jumbo loans
• Interest Rate: Same as National Average (7%)
• Days to Close: 35-45 days
• Types of Loans:
  • Conforming
  • Jumbo
  • Refinance

What You Need to Know about Applying for a Mortgage from Ally,com –

• How to apply: After completing the online application, upload, sign, and submit the required documents. Application to closing can take weeks to months. Only in-person closings are allowed.

Ally Bank has 3.75 out of 5 stars on Consumer Affairs.

Nationwide Coverage: Ally.com is available in 45 states and Washington, D.C. Home loans from Ally are not available in the states of Hawaii, Massachusetts, New Hampshire, Nevada, and Virginia.

Rocket Mortgage is an online mortgage lender and is quite popular for refinances. In 2021, Rocket Mortgage achieved $1 billion in annual closed loan volume and became the biggest mortgage lender in the U.S.

• Pre-Approval Speed: 8 minutes
• Credit Scores against Loan Types:
  • 580 – FHA, VA
  • 620 – Conventional
  • 680 – Jumbo
• Interest Rate: Same as National Average (7%)
• Days to Close: 47 days
• Types of Loans:
  • Offers fixed- and adjustable-rate conventional and jumbo loans, FHA loans
    
  • Doesn’t offer USDA, home equity, HELOCs, land loans, or loans to purchase foreclosures

What You Need to Know about Applying for a Mortgage from Rocketmortgage.com –

• How to apply: Online via rocketmortgage.com website or in-person at one of the 4 branch offices in Charlotte, Cleveland, Detroit and Phoenix.

Rocket Mortgage has 4 out of 5 stars on Consumer Affairs.

Nationwide Coverage: Rocketmortgage.com is available in 50 states.

Chase Bank is a division of JPMorgan Chase, a financial services conglomerate. The mortgage application process at Chase can be started in person or online, and there’s a powerful mobile app for monitoring and managing customer accounts.

Existing Chase customers have a good chance of qualifying for a lower interest rate on their mortgage.

• Pre-Approval Speed: Undisclosed
• Credit Score:620
• Interest Rate: Same as National Average (7%)
• Days to Close: 35-45 days
• Types of Loans:
  • • Conventional mortgages
    • Jumbo
    • FHA mortgages
    • VA mortgages

What You Need to Know about Applying for a Mortgage from Chase.com –

• How to apply: To apply for a Chase mortgage, you can fill out an application in person at a local branch or you can complete a digital application. According to Chase, nearly 75% of its mortgage applications in 2021 were submitted online.

Chase Bank has 4.5 out of 5 stars on Consumer Affairs.

Nationwide Coverage: Chase mortgages are available in all 50 states.