Mortgages
Dwelling House Savings and Loan Association offers various types of mortgages, ranging from conventional Home Mortgages to Home Equity and Home Improvement loans. Dwelling House offers conventional mortgages, as well as insured programs through the Federal Housing Administration (FHA) and Veterans Administration (VA). Loans are offered for either primary residences or rental properties. At this time, loans on commercial properties must have a residential component.
At Dwelling House, our loan policies are based on a number of criteria, far more than a credit profile. Character, presence in the community, and the merits of an individual are as valid as your credit profile. Our philosophy is to help individuals who need help with their loan requirements-- be they younger couples or singles, growing families, or seniors- . We want to make a difference with each individual.
The interest payments to Dwelling House from your loan provides the best source of income to Dwelling House, and helps to support the mission of building up disadvantaged communities. Since a number of our loans are made to so-called "high risk" mortgage applicants, we also need loans that are traditionally considered to be a good credit risk. DHSL does not sell your mortgage; we hold it to maturity. You will be assured that you can continue to work with someone whom you know for the duration of your mortgage.
Our rates are competitive. Other lenders have a goal of "increased profit margins per loan" which they achieve with higher fees, quick sales of loans, lending at higher rates to disadvantaged borrowers (who most need the lower rates), and high down-payment requirements. Placing your loan with Dwelling House ensures that we further our mission of helping bring new life to disadvantaged communities. Although we accept savings accounts from anywhere, our loans are made in Western Pennsylvania.
Home Equity & Home Improvement Loans
Quite often, the most valuable asset a person has is their home. For years, families have been using their home to leverage funds needed to led successful lives. Having an opportunity to borrow funds is part of the benefit of owning a home. At DHSL, we will assist you in utilizing the hard earned equity that you have built up in your home for pursuing other dreams such as an addition, a new kitchen, or addressing an unexpected financial need. We will guide you through every aspect of the process to assure that a sound loan is achieved.
