Dalton, Pennsylvania is a growing borough located just north of Scranton. Though it’s a small community by most standards, an increasing number of people are noticing that Dalton is an ideal location to settle down and raise a family.
Keep reading to learn about the real estate market in this desirable community, and tips to get a mortgage in Dalton, Pennsylvania.
Dalton Real Estate
Currently, the Zillow home value estimate for the average property in Dalton is $214,574.00, which is above the national average of $188,000 and the state average of $160,000. If you would like to build a new home, lots are averaging $63,829.
Real Estate prices in Dalton and the entire Scranton/Wilkes-Barre metro area have been rising, primarily because this is a highly desirable place to live. Also, the area enjoys an average cost of living, compared to the rest of Pennsylvania.
Furthermore, the population has grown over the past year, and is likely to continue growing for the foreseeable future, creating demand for homes and pushing prices up. Besides population growth, local renters have outgrown their apartments and are ready for homeownership, which also increases demand and contributes to rising real estate prices.
Reasons for Dalton’s Popularity
If you are thinking about relocating, there are several reasons you might consider moving to Dalton.
The Scranton/Wilkes-Barre metropolitan area is considered a gateway to the Pocono Mountains, which is a major attraction for nature lovers, and full of recreational activities for outdoor enthusiasts. The metro area is also historically focused, featuring museums focused on local history and education.
One of the best features specifically relating to Dalton is that it is a very suburban location, so it is removed from the hustle and bustle of big city life while being close enough to large cities for school, work, and recreation.
Getting a mortgage in Dalton, Pennsylvania
Dalton is a very desirable place to live, so you’ll probably need a mortgage to fund a home purchase in this community.
Make sure you are saving for your down payment and closing costs for your home purchase, while also monitoring your credit report and taking actions to raise your FICO score.
Then shortly before you are ready to start looking for a home, contact a loan originator to get pre-qualify for a home mortgage, which will allow you to immediately start working with a Realtor as a qualified buyer. Then as you search for a home, you can go through the longer process of getting pre-approved for a home mortgage.
Once you are pre-approved for a mortgage, the lender will submit your application to underwriting, along with all the supporting documentation. After meeting the remaining conditions, you will receive a “clear to close”, and the lender will send the paperwork for closing to the title company/closing agent. Lastly, you will close on your home.
Marimark Mortgage is a Dalton Mortgage Broker serving the mortgage needs of borrowers in all of Pennsylvania.
As a mortgage originator, we specialize in conventional home mortgages, FHA, VA and USDA mortgage options, refinance loans, and reverse mortgages. We’ve also worked extensively with a variety of refinancing options to help clients lower their payments on their home.
To start the mortgage process and become pre-qualified and pre-approved, fill out our Quick Mortgage Application or contact us direct.