Home Loans made simple


First time homebuyer? You’ve come to the right place!

Looking at real estate fliers and touring homes is easy. Applying for a home loan and figuring out how to pay for a house – well, that can get complicated. Let us guide you through understanding a home loan.

#1 - A home loan is called a mortgage.

Buying a house is one of the largest investments most people make. Home loan programs are available to those who need to borrow the money and buy a house (which is almost everyone.) The money borrowed and the payment due each month is called a mortgage.

#2 - Home loan options are also called programs.

You have choices when it comes to a home loan. Some buyers have more choices than others depending on how much money you make, where the home is located, how much money you have to spend right away and your credit score. There are many options when it comes to home loans and several programs available. Some of them include:

  • Conventional loans (also known as regular loans)
  • FHA loans
  • VA loans
  • USDA loans


The best step to determine the right home loan program for you is to call a local mortgage lender you trust. The lender can explain the difference in each program and help you decide which one is best for you.

#3 - Learn the numbers.

There are many “numbers” involved in a home loan process. When you apply for a loan, you will have a unique set of figures for you. Here are some numbers that will be figured up into your home loan:

  • Purchase price of the home
    What you’re offering to pay for the house you want to buy.
  • Down payment
    The money you have available to buy the house when you apply for your loan.
  • Interest rate
    Usually a percentage and based off of your credit score. This percentage figures up how much money in interest you will pay during the life of your loan.
  • The term of your loan
    Typical terms are 15, 20 or 30 years – meaning how long it will take to pay back the loan.
  • Monthly payment amount
    This is what your mortgage bill will show each month.

#4- Home loans aren’t free – but it doesn’t cost to apply.

It’s FREE to pre-qualify and apply for a home loan. But there are some fees involved when you borrow money to buy a house. Closing costs will apply before your loan is approved. This pays for the processing of the home loan. Also, you will be charged interest on your loan – this works just like any other loan from the bank – interest for borrowing the money will be part of your mortgage payment.

#5- There are tax benefits to home loans.

Although home loans do not come free, the government lets you write-off what you pay in interest on your Federal income tax return. Also, if you pay mortgage insurance (MI), you may also write-off this amount.

How do I buy a house?

These are the basics of understanding home loans. If you want to buy a house but haven’t found one yet, go ahead and pre-apply for a home loan now.

If you’ve already found a house and made an offer, we can still help you. Fill out our online application form for a home loan. Our team will be in touch ASAP to collect information about the house you want to buy and get the ball rolling on your financing.

Questions? Call us at 610-345-9100.

We were first time home buyers and it was very scary territory! The second I walked into Ken office Kim made me feel so comfortable! Ken was so great at explaining everything to use and him and Jackie were so thorough and professional! The whole team is so great I would recommend them to anyone!

dowdy kasey on 2018-05-01

Ken and his team we awesome to work with. You all made this process so easy. Thank you for all you did to make our dreams come true. I will recommend them to everyone I know.

dtpaint018 on 2018-02-01

Ken and his colleagues were very easy to work with to finance the purchase of our new house. Everyone was friendly and efficient and Ken was a great resource for questions about the process. He was able to get our pre-qualification letter out the same day we needed it. Once we were under contract, at his recommendation, we locked in our rate at a great time and there was no drama in the closing process. We were able to do all the paperwork online--no messing with fax machines or dropping physical papers off anywhere. We would definitely work with Ken again.

jessifails on 2018-02-01

Ken and his team are a pleasure to work with! He was always happy to help and answer any questions we had and keeping in contact every step of the way.

MMM1117 on 2017-05-01

We only had just over a month for have our loan ready. Ken assured us it would be ready. From start of the process to the closing, the process was seamless. Ken's team was efficient, knowledgable and helpful the enter time. They assisted us with everything that was needed and kept us informed the entire time. I would recommend Ken and his team to anyone needing a mortgage.

LynneFlatleyOliver on 2017-05-01

Ken and his team have been great throughout my house purchase. They are always available and help you understand every step of the process. I would highly recommend!

steviep232005 on 2017-05-01

My husband and I just purchased a house, we are first time home buyers, and Ken was excellent to work with. He was very professional and timely in providing us with the information we needed to successfully secure our mortgage. There were no last minute surprises, everything went very smoothly. I would definitely recommend Ken.

hakeber123 on 2017-01-01

Mr. Pitts and his team were swift to support my fiance and I during every step of our housing process. He was courteous and swift to get in touch with us whenever we had questions, and professional even during negotiation over interest rates. If you go to the table with Ken, he will make sure you have the necessary financial backing to complete your purchase, without awkward issues arising during closing.

joshuanlarson on 2017-01-01

Ken recently assisted us with the purchase of our first home. Ken and his team were extremely helpful and informative throughout the entire process. I can not think of one negative thing to be said and very grateful for the professionalism, knowledge and experience that Ken brought to the table. Ken and his team assured that all necessary steps were completed well before settlement and the morning of settlement went through without a hitch. Ken also personally attended settlement with us and answered any questions that we had. A truly great guy and professional!

eric 12 on 2016-11-01

Ken and his team did a great job for my family on a very tight closing deadline. They kept us on track throughout the process. I would recommend them 100%!

ian24k on 2016-11-01

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