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Other Mortgage Products in Pittsburgh and Cleveland

Dollar Bank offers a wide variety of mortgage products designed to meet your borrowing needs. We have mortgage products for first time buyers as well as those ready to find their dream retirement home. And, whether you plan to be in your home for five years or fifty, we can help you decide which mortgage fits your financial picture.

Below is a brief description of our mortgages. Click on the link at the bottom of the page for more details.
Federal Housing Administration
In the 1930s, the federal government realized that down payment requirements were preventing many people from buying a home - especially a first home. They created the Federal Housing Administration (FHA) to help with this problem. FHA does not lend money. It insures lenders against loss on loans when greater than 80% of the purchase price is borrowed.

An FHA-insured loan can be as high as 97%, allowing the borrower to put only 3% down. If the lender must foreclose, FHA pays the difference between the normal loan amount - 80% - and the actual loan amount.

There are costs associated with an FHA loan called Mortgage Insurance Premiums (MIP). They take the form of an initial premium and an annual premium. The initial premium can be added to the loan amount rather than being paid out of pocket. There are maximum loan amounts for FHA insurance. If you think an FHA loan might fit your needs, contact us at 1-888-418-BANK or mortgages@dollarbank.com for more details.

U.S. Department of Veteran's Affairs
The U.S. Department of Veteran's Affairs followed with a similar concept to help qualified veterans, reservists and national guardsmen. They offer a program that allows the lender to go as high as 100% of the purchase price of a home. The costs associated with a VA guarantee can usually be added to the loan amount instead of being paid upfront. The VA program has a maximum loan limit of $203,000 for no-money-down loans. If you think a VA loan might fit your needs, contact us at 1-888-418-BANK or mortgages@dollarbank.com for more details.

Community Reinvestment Act
There are several special mortgage offers available through Dollar Bank's Community Reinvestment Act (CRA) programs. Down payments as low as 3%, special grants for first time home buyers and home buying programs for public housing residents make buying a home even easier for those who qualify. Our consultants can provide credit counseling if you need it, review your history, guide you through mortgage options and the application process at no charge. If you think a CRA loan might fit your needs, contact us at 1-888-418-BANK or mortgages@dollarbank.com for more details.
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Office Locations throughout Pittsburgh and southwestern Pennsylvania, Cleveland and northeastern Ohio.