As Pennsylvania home prices soar, branch manager calls agency’s loan programs
a crucial resource for low- and moderate-income buyers
August 22, 2022 ─ DANVERS, MA ─ Bruce Barilar, a top-producing branch manager with Mortgage Network, Inc., Inc., one of the largest independent mortgage lenders in the eastern U.S., has been named a 2021 Top Mortgage Originator by the Pennsylvania Housing Finance Agency (PHFA). This marks the fourth time since 2017 that Barilar has been recognized as a leading provider of the housing agency’s affordable loan programs.
Each year, PHFA recognizes lenders and loan officers who have had a high rate of success helping homebuyers access the agency’s home loan programs, which offer a variety of features to help make homeownership more affordable.
A Pennsylvania native, Barilar (NMLS #131218) is a Certified Military Home Specialist who manages Mortgage Network’s Harrisburg office. He said the PHFA’s programs have been a crucial resource for first-time homebuyers in Pennsylvania, where home prices soared 14% in 2021, according to the Pennsylvania Association of Realtors.
“I’m honored to once again be recognized by the PHFA, but the real reward is helping my clients buy their first homes even in today’s hyper-competitive housing market,” Barilar said. “I absolutely love what I do, and I look forward to helping even more Pennsylvania families utilize the PHFA’s programs to achieve their own homeownership dreams.”
“Bruce is an incredibly valuable member of our Mortgage Network team,” said Mortgage Network Executive Vice President Brian Koss. “He knows the PHFA’s loan programs inside and out, and always strives to help his borrowers with the best possible options to fit their home financing needs. It’s no wonder he continues to be recognized as a top originator year after year.”
Barilar can be reached at bbarilar@MortgageNetwork.com or (717) 892-1909. He can also be contacted through LinkedIn at www.linkedin.com/in/bruce-barilar-9248b72/ or online at www.brucebarilar.com.
About Pennsylvania Housing
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated nearly $14.6 billion of funding for more than 178,325 single-family home mortgage loans, helped fund the construction of 136,215 rental units, distributed more than $109.2 million to support local housing initiatives, and saved the homes of more than 50,300 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.
About Mortgage Network, Inc.
Mortgage Network, Inc. is one of the largest, privately held independent mortgage companies in the eastern U.S., with more than 40 branch offices and licenses in 27 states. The company offers a flexible menu of agency direct, portfolio and jumbo solutions and is backed by its proprietary, award-winning technology and a commitment to help mortgage professionals grow their business. Year after year, more than 98 percent of Mortgage Network customers and referral sources say they would recommend the company to family and friends. Based in Danvers, Massachusetts, Mortgage Network was founded in 1988 by Robert McInnes and can be found online at www.mortgagenetwork.com/about-us/careers and on Twitter at @MNETMortgage.com.