Philadelphia

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Philadelphia Home Mortgages.

Searching for a Philadelphia home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Philadelphia home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Philadelphia Home Mortgages

When looking for a Philadelphia home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Philadelphia home mortgage lenders right now is ING DIRECT for Philadelphia Home Mortgages. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Philadelphia home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Philadelphia home mortgages will approve applications in such a rapid manner.

Philadelphia, Pennsylvania Statistics & Related Info

Philadelphia Information

Philadelphia has a population that is currently estimated to be over 1.4 million, while the Greater Philadelphia metropolitan area, with a population of 5.8 million, i the fifth-largest in the United States. A commercial, educational, and cultural center, the city was once the second-largest in the British Empire, (after London) and the social and geographical center of the original 13 American colonies. During the 18th century, it eclipsed New York City in political and social importance, with Benjamin Franklin taking a large role in Philadelphia's early rise to prominence. It was in this city that some of the ideas, and subsequent actions, gave birth to the American Revolution and American independence, making Philadelphia a centerpiece of early American history. It was the most populous city of the young United States and served as the the nation's first capital in 1774.

This popularity of Philadelphia was one of the contributing factors to driving up the price of Philadelphia real estate in the past decade. While prices have fallen some, homes in Philadelphia are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Philadelphia home mortgages readily available to buyers in a more expensive market like Philadelphia.

Philadelphia contains many national historical sites that relate to the founding of the United States. Independence National Historical Park is the center of these historical landmarks. Independence Hall, where the Declaration of Independence was signed, and the Liberty Bell are the city's most famous attractions. Other historic sites include homes for Edgar Allan Poe, Betsy Ross, and Thaddeus Kosciuszko, early government buildings like the First and Second Banks of the United States, and the Gloria Dei (Old Swedes') Church National Historic Site.

Philadelphia's major science museums include the Franklin Institute, which contains the Benjamin Franklin National Memorial, the Academy of Natural Sciences, and the University of Pennsylvania Museum of Archaeology and Anthropology. History museums include the National Constitution Center, the Atwater Kent Museum of Philadelphia History, the National Museum of American Jewish History, the Historical Society of Pennsylvania, the Grand Lodge of Free and Accepted Masons in the state of Pennsylvania and The Masonic Library and Museum of Pennsylvania and Eastern State Penitentiary. Philadelphia is home to the United States' first zoo and hospital. Of course these factors along with many others contribute to the popularity of Philadelphia real estate, which in turn, creates a very large demand for Philadelphia home mortgages.

Philadelphia's economy is relatively diversified, with meaningful portions of its total output derived from manufacturing, oil refining, food processing, health care and biotechnology, tourism and financial services. According to a study prepared by PricewaterhouseCoopers, Philadelphia and its surrounding region had the fourth highest GDP among American cities, with a total "city GDP" of $312 billion in 2005. Only New York, Los Angeles and Chicago had higher total economic output levels. This economic vibrancy translates into a high degree of availability of funds for Philadelphia home mortgages.