Skip to content
MDerrick PP

Matthew Derrick

Senior Mortgage Consultant

NMLS# 112232
13550 Falling Water Road
Suite 202
Strongsville, OH 44136
330-241-4826
484-594-2306

About Matthew

My Name is Matthew Derrick. I have been a mortgage consultant for a year and a half at New Penn Financial and I have been originating mortgages for over 8 years. Family is very important to me.  I have been married over 10 years and I am very involved in community outreach programs for the youth.

If it is buying a home, preparing for retirement, needing cash, lowering your monthly payments on your bills or even repairing your credit, I can help accomplish them for you. I am looking forward to serving your needs to improve your financial situation.

Lending Specialties

New Penn offers the top mortgage products available in the market today. With low down payments, low interest rates, and reduced closing costs, our loan programs can help improve your financial situation.  Some of our most popular product include:

  • Fixed rate mortgages: 30, 20, 15 & 10 year terms available
  • Adjustable rate loans: 10/1, 7/1, 5/1, 3/1
  • Jumbo loans: Borrow up $3 million with competitive rates
  • FHA loans: Provides more flexibility in credit, income and equity/down payment requirements
  • Interest only loans: Available through New Penn's proprietary loan programs
  • VA loans: Mortgages for Veterans and Active Military
  • Renovation loans: Facilitate home improvements
  • Real Estate investor loans: Flexible financing to refinance or purchase investment properties

Calculator_specialistpage

Tools and Calculators

Below are mortgage calculators to help you answer personal mortgage financing questions:

Monthly Savings Calculator

This calculator helps you determine if now is the right time for you to refinance.

Monthly Payment Calculator

Use this calculator to determine your monthly payment based on your loan amount and interest rate.

Rent vs. Buy Calculator

Are you better off buying a home, or should you continue renting?

Loan Comparison Calculator

Use this tool to compare mortgage loans.

These calculators are only meant to estimate results based on the information you enter. They do not take into account all factors that you should consider when choosing a mortgage, nor can we guarantee that the terms you enter reflect terms actually offered by New Penn Financial.

What Clients Say

"New Penn Financial exceeded my expectations for the whole loan process. By working with New Penn I shall be able to attain my life goals much faster. My loan officer was fantastic in helping me solve any issues that arose with the process and he made me feel secure in my decisions, answering any questions along the way. I highly regard New Penn and would recommend them to friends and family. Thank you New Penn and Matt!!"

Diane S., OH


"We just want everyone to know how pleased we were with Matthew Derrick for all that he did to help us refinance our home.  Because of all of his efforts, patience and advice, we are able to position ourselves in a much better financial place.  He was upfront, patient and prompt when we had questions about our refinancing.  He showed a genuine concern by trying his hardest to secure the best rate possible for us especially factoring the fact that all of this happened during the three major holidays.  We cannot thank him enough.  The fact that his advice did not end after we closed on our house was just awesome.  He made us feel very special that's why we will never forget him and we would gladly recommend friends and family to him anytime. New Penn Financial is so lucky to have someone like Matthew in their employment."

David and Cindy H.

"Thank you for all your help over the last six months. You did the impossible by getting us out of one of those high interest loans and to an FHA loan with a reasonable rate. I know you worked very hard to make this happen. Most people would have given up and said it wasn't possible. You were very professional and kept us apprised of everything that was going on and what we needed to do next. When it looked like things might not work out, you found a way to make it happen. The closing went smooth at our convenience and in our own home. We were told that we could possibly do a streamline refinance in six months. Again you were on top of things and called to ask if I was interested. This was much easier than the first time and required very little paperwork being sent back and forth. We were able to lower our interest rate by another percent. I have recommended you to all my friends."

Carol and Steve

"Matt followed up on everything immediately. He followed up on weekends, nights, all times. He answered all questions and did what he sid he was going to do."

Craig


"I am very happy to have worked with Matt. He was very professional, friendly and super efficient at getting our loan refinanced very quickly to help us take advantage of the lower rates. I have referred several people to him without hesitation, and will continue to do business with him over the years to come."

Darren P.

"My experience with Matthew was incredibly smooth-sailing. Communications during this process were direct, truthful, and informative. The terms of the loan were extremely competitive, and there was clearly no attempt to deceive at any step of the process. He is willing to work with clients who work on restricted schedules and those who live far away from his workplace (phone/scanner/fax/email is all you need), which was incredibly helpful and efficient."

Mark D.

"I recently started receiving letters from Matthew at New Penn Financial in regards to my  mortgage. Matthew's perseverance finally paid off and I picked up the phone to contact him. At first I was reluctant, and Matthew quickly put my mind at ease with his professionalism and knowledge. I am very thankful for the help that Matthew provided me with. I will contact Matthew in the future for all my mortgage needs."

Chris L.

"My wife and I called Matt from a letter we received in the mail about refinancing. From the very beginning to the very end, it all went smoothly. Matt was very helpful and kept in touch through the whole process (which was dont very promptly). We have recommended New Penn Financial to friends and family and have commented how easy this loan was. Everyone is so friendly and helpful. Thank you!!! I would definitely recommend your company to anyone!

Steven P.


"Thank you for your help with refinancing our mortgage. It was painless and everything was done quickly and in a professional manner. I highly recommend you"

Rich T. in Louisville, KY

"Matt was very courteous, professional, and polite. He was also very knowledgeable and pleasure to work with. He was also very knowledgeable and a pleasure to work with. He was very determined to meet our needs.

Jimmy


"Thank you soooooo much for your determination and persistency with everything to get my loan donefor my first home! You were on the ball in getting everything needed and it went by fast! If you were not so fast and prompt about things needed, I would not have been able to close the loan this fast. Thanks again :)"

Vicky W.


"I want to thank you for your diligence in closing my loan. You are truly a problem solver. You said "I don't wear rose colored glasses." I found that to be very true! You'll never truly know how much you helped me. I'll always be grateful for your hard work and honestly! You don't play around. You get the job done if at all possible. I would recommend you and your company."

Katherine S., N. Royalton, OH


"I am a CPA practising in Worhington, OH for more than 20 years. Matt Derrick helped refinance my home mortgage. I have never come across somebody like Matt who went beyond his call of duty to make things happen and got the best deal for us. He is more a a problem solver. Anytime we came across any issues, he always looked for solutions and successfully resolved them to move ahead. He was always available and never had to wait for more than a few minutes to receive a response back from him. We are extremely happy. I am very confident that anyboy who deals with Matt will get ONLY the best service possible."

Nat R.

"I responded to a letter I received in the mail that said they could help lower my payments. I was somewhat nervous because I had not heard of New Penn Financial, they were not a local company. However after talking to Matt I felt more comfortable. He was very professional and answered all my questions. My loan was a little unusual so to refinance took more work on Matt's part and I really appreciate his extra efforts. We are able to refinance for a significantly lower interest rate. I will definitely recommend Matt to my family and friends. Thank you!!!"

Denise E.

I am licensed in the following states:

  • Illinois
  • Indiana
  • Kentucky
  • Ohio