If you're buying a home or refinancing a mortgage in Pittsburgh or the surrounding Western Pennsylvania area, Capital Funding Mortgage Associates can help you compare mortgage options from multiple wholesale lenders.
I've been helping homebuyers and homeowners with mortgage financing since 1999, and we regularly work with borrowers throughout Pennsylvania, including the Pittsburgh market.
Capital Funding Mortgage is an independent Pennsylvania mortgage broker. Unlike a bank that's limited to its own mortgage products, we have access to multiple wholesale lenders, allowing me to compare available rates, programs and closing-cost structures for each borrower.
And even though our office is located in Newtown, Pennsylvania, the mortgage process can be handled remotely from application through closing.
Most importantly, you work directly with me throughout the process.
— John Madden
Owner, Capital Funding Mortgage Associates
Mortgage Professional Since 1999 | NMLS #960139
We work with homebuyers and homeowners throughout Pittsburgh and surrounding Western Pennsylvania communities.
This includes borrowers in areas such as:
Pittsburgh
Mt. Lebanon
Upper St. Clair
Bethel Park
Sewickley
Wexford
Cranberry Township
McCandless
Monroeville
Penn Hills
Moon Township
Robinson Township
and other communities throughout Allegheny County and the greater Pittsburgh region.
Whether you're purchasing your first home, moving to another property, buying a higher-priced home or refinancing an existing mortgage, I'll help you evaluate the financing options available for your situation.
I recommend getting properly pre-approved before making an offer.
A good mortgage pre-approval should involve more than generating a letter.
I want to understand:
Your income
Employment
Credit
Available assets
Down payment
Monthly obligations
Desired purchase price
Monthly payment goals
Then we can determine which mortgage programs may be appropriate and identify potential underwriting issues before you're under contract.
Once you're ready to make an offer, we can provide the appropriate pre-approval documentation and communicate with your real estate professional when needed.
GET PRE-APPROVED →
READ MY MORTGAGE PRE-APPROVAL GUIDE →
Buying your first home involves more than deciding how much you want to spend.
First-time buyers frequently ask me:
How much do I need for a down payment?
Do I need 20% down?
Should I choose conventional or FHA financing?
What will mortgage insurance cost?
How much money will I need at closing?
Should I pay points to obtain a lower interest rate?
Those are all questions worth answering before you make an offer.
I'll show you different financing structures so you can understand how changes in purchase price, down payment and mortgage program affect both your cash requirement and monthly payment.
READ MY FIRST-TIME HOMEBUYER GUIDE →
Conventional mortgages are used by many Pittsburgh-area buyers and can provide a variety of financing options for qualified borrowers.
Depending upon the transaction, conventional financing may provide:
I don't assume that one mortgage program is best simply because it's commonly used.
If multiple options are available, I'll help you compare them.
LEARN ABOUT CONVENTIONAL MORTGAGES →
FHA financing can be worth considering for some Pittsburgh-area buyers.
Depending upon the borrower's circumstances, FHA financing may offer advantages relating to down payment, credit or qualification.
However:
Being a first-time buyer doesn't automatically mean FHA is the best mortgage for you.
If you can qualify for both FHA and conventional financing, I prefer to compare the options side-by-side.
We'll look at:
Interest rate
Mortgage insurance
Down payment
Monthly payment
Closing costs
Long-term financing considerations
Then you can make an informed decision.
Eligible veterans, active-duty service members and certain surviving spouses may qualify for VA financing.
VA mortgages can provide substantial benefits, including the potential for financing without a down payment, subject to applicable VA eligibility and mortgage requirements.
If you're eligible for VA financing, we'll evaluate the available options and explain how the program compares with other mortgage alternatives.
The Pittsburgh region also includes higher-priced homes where jumbo mortgage financing may be appropriate.
Jumbo lenders can vary considerably in their:
Because Capital Funding Mortgage works with multiple wholesale lenders, we're able to evaluate different jumbo options rather than being limited to one bank's program.
LEARN ABOUT JUMBO MORTGAGES →
Pittsburgh has a large population of business owners, professionals, consultants, independent contractors and other self-employed borrowers.
Self-employed mortgage qualification can require additional analysis.
Depending upon the situation, underwriting may evaluate:
One of the biggest misunderstandings I see is assuming that gross business revenue is the same as mortgage qualifying income.
It usually isn't.
If you're self-employed, I recommend having me review your income before you become serious about making an offer.
READ MY SELF-EMPLOYED MORTGAGE GUIDE →
We also work with Pittsburgh-area homeowners considering refinancing.
A refinance may potentially help you:
Reduce your interest rate
Lower your monthly payment
Shorten your mortgage term
Move from a 30-year to a 15-year mortgage
Eliminate mortgage insurance
Convert an adjustable rate to a fixed rate
Access home equity
Consolidate higher-interest debt
But I don't believe you should refinance simply because a new mortgage is available.
The new mortgage should accomplish something meaningful.
I want to compare your existing mortgage with the proposed refinance and evaluate:
Rate
Closing costs
Monthly savings
Break-even period
Remaining term
Principal reduction
New loan term
If the refinance doesn't make financial sense, I'll tell you.
LEARN ABOUT REFINANCING →
READ: SHOULD I REFINANCE MY MORTGAGE? →
One of the most important things I tell borrowers is:
Don't compare mortgage companies based solely on the interest rate.
A lower advertised rate may require significant discount points.
Another option may have slightly higher interest but substantially lower closing costs.
Another may provide a lender credit toward eligible costs.
I want you to see the choices.
We'll compare:
Interest rate
Discount points
Lender credits
Closing costs
Monthly payment
Cash required at closing
Break-even period
Then you can decide which structure makes the most sense.
READ MY GUIDE TO MORTGAGE RATES, POINTS & CLOSING COSTS →
When you apply directly with a bank, that institution generally offers the mortgage products and pricing available through that bank.
Capital Funding Mortgage is an independent mortgage broker.
We work with multiple wholesale mortgage lenders.
That can give us the ability to compare different:
The goal isn't simply to find a lender willing to make the loan.
It's to determine which available financing option fits your circumstances.
Mortgage lending has changed considerably during my career.
Today, borrowers throughout Pennsylvania can complete much of the mortgage process electronically and remotely.
You can:
Complete your application securely
Provide documentation electronically
Review disclosures electronically
Communicate with me by phone, email or electronically
Track the mortgage process
And when it's time to close, the settlement is coordinated according to the requirements of your particular transaction.
Our office doesn't need to be around the corner from the property for me to provide personal service.
What matters is having an experienced mortgage professional who is accessible and understands your loan.
Large national mortgage companies may route borrowers through call centers or multiple departments.
That's not how I prefer to work.
When you work with Capital Funding Mortgage, you work directly with me.
I'm involved from the initial conversation through closing.
If you have a question about your mortgage rate, closing costs, underwriting, appraisal or Closing Disclosure, you know who to contact.
If your real estate professional needs updated financing information while you're making an offer, I'm available to communicate with them as well.
I've been helping borrowers with mortgage financing since 1999.
During that time, mortgage rates, lending guidelines, technology and housing markets have changed considerably.
What hasn't changed is my approach:
Understand the borrower's situation.
Compare the available mortgage options.
Explain the rate and costs.
Identify potential problems early.
Stay involved through closing.
I believe borrowers should understand the mortgage they're taking—not simply be told that they've been approved.
If you're researching mortgage options, I've created several guides addressing questions I regularly discuss with clients:
FIRST-TIME HOMEBUYER GUIDE →
MORTGAGE PRE-APPROVAL GUIDE →
MORTGAGE LOAN PROCESS →
UNDERSTANDING MORTGAGE RATES, POINTS & CLOSING COSTS →
15-YEAR VS. 30-YEAR MORTGAGE →
UNDERSTANDING PMI →
SELF-EMPLOYED MORTGAGE GUIDE →
SHOULD I REFINANCE? →
You don't need to become a mortgage expert before contacting me.
These resources are simply designed to help you understand your options and make better-informed decisions.
If you're purchasing or refinancing a home in Pittsburgh, Allegheny County or the surrounding Western Pennsylvania area, I'd be happy to discuss your mortgage options.
Capital Funding Mortgage Associates is a Pennsylvania mortgage broker serving borrowers throughout the Commonwealth.
Tell me what you're trying to accomplish, and we'll start with the numbers.
You don't need to submit a mortgage application just to ask me a question.
John Madden
Owner, Capital Funding Mortgage Associates
Mortgage Professional Since 1999
NMLS #960139
GET PRE-APPROVED →
REQUEST A MORTGAGE QUOTE →
CONTACT JOHN →
John Madden is the owner of Capital Funding Mortgage Associates, an independent mortgage broker based in Newtown, Pennsylvania. John has been helping homebuyers and homeowners with mortgage financing since 1999 and serves clients throughout Pennsylvania and New Jersey, including borrowers in the Pittsburgh and Western Pennsylvania markets.
LEARN MORE ABOUT JOHN MADDEN →
Mortgage programs, rates, terms, pricing and underwriting guidelines are subject to change and borrower qualification. Information on this page is provided for general educational purposes and does not constitute a commitment to lend.
