King of Prussia, PA
Montgomery County, new construction and relocation files
King of Prussia is our relocation and new-construction office. The corporate corridor along 202 produces a steady stream of buyers moving in on short notice with offer letters rather than pay history, and builders selling homes twelve months from completion.
Lending in King of Prussia
King of Prussia is our relocation and new-construction office. The corporate corridor along 202 produces a steady stream of buyers moving in on short notice with offer letters rather than pay history, and builders selling homes twelve months from completion.
Both situations need the same thing: an extended rate lock and a lender who will underwrite an employment contract. We write 90-day locks routinely here and price the extension before you sign the builder's agreement.
What the local data says
- $487,000Median sale price
- 29 daysMedian days on market
- 1.42% effective, Upper MerionEffective property tax
- 2.00% combined, customarily splitTransfer tax at settlement
Sample market data for this demonstration site. Ask us for the current figures on a specific address.
Three things that catch people out in King of Prussia
- 01
Extended locks for new construction
A 90-day lock costs 0.500 points and a 120-day extended lock is available on a case basis. Builder contracts routinely slip; budget for one 14-day extension at 0.250 points.
- 02
Offer-letter underwriting
Relocating buyers can qualify on a signed employment contract starting within 90 days, with reserves covering the gap. We need the contract, not a recruiter's email.
- 03
Builder lender incentives
Builder affiliates often offer closing cost credits contingent on using their lender. We price against them openly and sometimes lose. Ask us for the written comparison either way.
Lead originator here
Yasmin Haddad
Senior loan officer, purchase · NMLS #XXXXXXX
Yasmin handles more first purchases than anyone else here, most of them in South Philadelphia, Kensington and Point Breeze. She knows which PHFA programs are funded this quarter and which have run dry, and she will tell a buyer to wait six weeks for a credit rescore when that saves more than the rate ever could.
What tends to fit in King of Prussia
Conventional
Conforming loans to $832,750 with cancellable PMI
VA
Zero down, no monthly mortgage insurance, residual income test
Areas served from this office
- King of Prussia
- Wayne
- Radnor
- Conshohocken
- Norristown
- Plymouth Meeting
- Collegeville
- Phoenixville
- Blue Bell
Other offices
- Center City Philadelphia, PA · (215) 555-0145
- Bala Cynwyd, PA · (610) 555-0146
- Cherry Hill, NJ · (856) 555-0148
Buying or refinancing in King of Prussia?
Send the address and the price. We come back with the tax figure, the likely appraisal range and the real monthly cost.
No application fee. Soft credit pull at pre-qualification. Flat $1,095 origination at closing.