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Pittsburgh

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Whether you are a first time home buyer or trading up to a larger home, we work to find the best Pittsburgh home mortgage solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Pittsburgh Home Mortgage Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a Pittsburgh home mortgage lender in Pittsburgh, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is ING DIRECT Pittsburgh Home Mortgage. 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 Pittsburgh home mortgage loans.

Pittsburgh Pennsylvania Overview & Statistics

Pittsburgh Overview

As of 2007, Pittsburgh's population is 312,819 people. Since 2000, it has had a population growth of -6.50 percent.

The median home cost in Pittsburgh is $139,700. Home appreciation the last year has been -12.45 percent.

Compared to the rest of the country, Pittsburgh's cost of living is 15.51% Lower than the U.S. average.

Pittsburgh public schools spend $8,423 per student. The average school expenditure in the U.S. is $6,058. There are about 19 students per teacher in Pittsburgh.

The unemployment rate in Pittsburgh is 4.30 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Pittsburgh jobs have Decreased by 0.31 percent.

Pittsburgh Climate

Pittsburgh, PA, gets 36 inches of rain per year. The US average is 37. Snowfall is 29 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 146.

On average, there are 160 sunny days per year in Pittsburgh, PA. The July high is around 84 degrees. The January low is 24. Our comfort index, which is based on humidity during the hot months, is a 48 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Pittsburgh Housing

The median home value in Pittsburgh, PA, is $139,700. Home appreciation is -12.45% over the last year. The median age of Pittsburgh, PA, real estate is 64 years.

Pittsburgh, PA Apartments and Rentals

Renters make up 41.94% of the Pittsburgh, PA, population. 11.87% of houses and apartments in Pittsburgh, PA, are unoccupied (vacancy rate).

Pittsburgh Crime

Pittsburgh, PA, violent crime, on a scale from 1 (low crime) to 10, is 7. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Pittsburgh, PA, property crime, on a scale from 1 (low) to 10, is 7. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

Pittsburgh Home Mortgage Loan Resources

Listed below are a variety of resources relating to Pittsburgh home mortgage loans:

www.city.pittsburgh.pa.us

Pittsburgh Real Estate Agents

Pennsylvania First Time Home Buyers Grants

Pennsylvania First Time Home Buyer Programs

Pennsylvania Home Loans

For the latest updated information, visit Pittsburgh home mortgage news stories.

Finally, you may want to visit Mortgage Rates Predictions to find out if now is a good time to apply for a Pittsburgh Home Mortgage Loan.

 


   
Warning! Depression 2010
 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for a Depression in 2010. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>
   


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