Pittsburgh Mortgages and Home Loans

When you get your mortgage through SSB Bank, we'll make you feel at home. As members of the Pittsburgh community ourselves, we are happy to help you become our neighbors! Whether you're financing your first house, an investment property, or the home of your dreams, our goal is to get you financed as quickly and as easily as possible. Working with SSB to get your mortgage gives you many advantages:

Low origination fees

Competitive interest rates

Personal, hands-on guidance throughout the process

Quick, local decision-making

Direct, in-person service, whether you call or come into one of our branches


Additionally, we do our best to provide you resources that make the process as simple as possible. From pre-qualification to closing, we are there every step of the way providing you the support you need for such a huge investment. We wouldn't want to do business any other way!


MORTGAGES

Fixed Rate Mortgages

Consistent payments for the life of your loan, with the same rate for 10 to 30 years. May be preferred if you are expecting to stay in the home for the entirety of your loan term.

Adjustable Rate Mortgages

A set rate for a certain period of time, then the rate will adjust (dependent upon market conditions). May be preferred if you are expecting an increase in income or are planning to live in the home for only a short period of time.

FHA Loans

Government loan with more flexible qualifications if you meet certain criteria, such as being a first-time home buyer. Down payments as low as 3.5%. Fixed and adjustable rate options available.


VA Loans

Home loan option for active military, veterans, reservists or National Guard members (or their spouses). Little or no down payment requirement. Fixed and adjustable rate options available.



Ready to talk about a mortgage for your specific situation? We'd love to help.

FIRST TIME HOMEBUYER PROGRAMS

Purchasing a home is one of the largest investments you will make in your lifetime. Sometimes, you need a little help to make your dream a reality. There are a variety of programs available for assistance in purchasing a home, some of which are specifically for first time homebuyers. SSB Bank is a proud lender, supporting the First Front Door program and individuals who seek (and are qualified for) the available funding.

FHLBank First Front Door Grants

The First Front Door (FFD) Program, offered through FHLBank, can help qualified first-time homebuyers with closing costs and down payment. For every $1 you contribute, FFD will provide $3 in assistance, up to $5,000.

First Front Door is offered by members of FHLBank Pittsburgh, including SSB Bank. There are specific qualifications including:

  • Be a first time homebuyer
  • Have a household income at o below 80 percent of the area median income at the time of enrollment
  • Retain the home for five years from the loan closing date
  • Not be a student working less than 30 hours per week
  • Contribute personal funds as part of the down payment and closing costs

For a full list of details regarding qualifications, please visit the FFD website.

2019 First Front Door funding is now closed, but for more information on how to receive information for the 2020 round, please contact us below.

Housing Opportunity Fund's Down Payment and Closing Cost Assistance Program (DPCCAP)

The Housing Opportunity Fund's DPCCAP provides financing to first-time homebuyers in the City of Pittsburgh. It is designed to help stimulate housing investment in the City by providing financial assistance to first-time homebuyers who are interested in purchasing an existing or newly constructed residential unit.

There are a variety of loan and repayment options available through DPCCAP including 5-year and 10-year deferred loans. 

In order to be eligible for DPCCAP, borrows must meet the following criteria:

  • The borrower's annual gross household income may not exceed 115% of the AMI.
  • The borrower must be purchasing the home as his/her primary residence and have his/her name on the deed.
  • The borrower must not have any outstanding City, School, or County real estate taxes, or the borrower must be on a payment plan for at least six months.

Specific eligibility criteria related to borrowers and properties can be found on the Urban Redevelopment Authority of Pittsburgh's website.


Get More Information About Mortgages with SSB Bank

Whether you are ready to get pre-qualified for a home loan or you aren't sure where to start, we're ready to help. Contact us below so we can assess your needs and help you make the smartest decisions for your home loan application.

 
 
Heather Dieckmann | mortgage loan originator at ssb bank pgh

Heather Dieckmann
Mortgage Loan Originator
(412) 837-6955

 


ADDITIONAL RESOURCES

mortgage calculator on deskMortgage Calculator

When you're ready to buy a house, the big question is, "How much home can I afford?"  Use our easy online mortgage calculator to estimate what your monthly costs would be for different home prices, down payments, and loan terms.

Avoiding Mortgage Pitfalls

Our goal at SSB Bank is to help you navigate the home buying process with all the information you need, including the possible “bumps” in the road that could make the process more stressful. By outlining those pitfalls, we can help you to try and avoid them while you are looking for, or in the process of, purchasing a home.


Things to Consider When Applying for a Home Loan

When you're getting ready to move, cost is one of the top things on your mind. What can you afford? How will financing work? Will you get approved for the loan you want? Here are some of our tips to boost your confidence when applying for a mortgage.