Abington Township is one of the most sought-after real estate markets in Pennsylvania. It’s a quiet, residential area in Montgomery County with around 56,000 residents just north of Philadelphia, offering a historic setting with tree-lined streets, spacious backyards, and great schools. So here is a closer look at real estate in the township, and tips to get a mortgage in Abington Township, Pennsylvania.
Abington Township Real Estate
According to the latest data from Zillow, the median home value in Abington Township is $257,800, compared to the national average of $189,400 and the state average of $155,500.
Abington Township has some of the most valuable homes in the state, and this trend is predicted to continue, with Zillow predicting that home values will rise 3.0% within the next year. Furthermore, Zillow rates the housing market in Abington Township as “Warm,” indicating that the market is not overheated.
Abington Township Ranked One of the Best Places to Live
Abington Township, often called “Abington” for short, was ranked 21st among the 100 best communities to live in America by Money Magazine in 2008. It also made the top 100 list in 2010 and 2012.
Just about a thirty-minute drive from Philadelphia, Abington Township is one of Montgomery County’s oldest communities dating back to the early 1700’s. Today, it is a very desirable, family-oriented residential area featuring award-winning schools, excellent healthcare, a variety of shopping options, several small businesses, and some of Montgomery County’s largest employers.
Searching for a New Home and Getting a Mortgage
Before working with a Realtor to find a new home in Abington Township, you need to be pre-qualified for a mortgage, which you can accomplish in just a few minutes over the phone.
Besides the fact that many real estate agents will only work with pre-qualified buyers, sellers take pre-qualified buyer more seriously when making an offer. The few minutes to spend to be pre-qualified will also help you learn how much you can afford to pay for a home, in addition to answering important questions relating to getting the best interest rate, etc.
As you look for a home, you can also work through the longer process of becoming pre-approved for a mortgage. During this process, your mortgage broker will guide you through each step.
Once you are pre-approved, the lender will request a few more things, which your mortgage broker will help you accomplish. Then you’ll receive a “clear to close,” and the lender will send the paperwork for closing to the title company/closing agent.
From a timing perspective, our clients typically close in less than 30 days from the time they put a contract on a home.
Marimark Mortgage proudly serves the mortgage needs of borrowers in Abington Township.
When you are ready to look for a home, please contact us to be pre-qualified and pre-approved. And if you already own a home and would like to refinance, contact us to see how much money you can save with a new mortgage.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.
To get started, please fill out our Quick Online Application, or contact us direct.