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About us

Let's embark on the journey of how it all started

Our pledge to excellence in providing personalized mortgage solutions for your unique path to financial success and homeownership.

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Our Story

Joseph A. Splendido
President & CEO

At Colonial Mortgage, we believe in more than just providing financial solutions; we believe in building dreams and fostering communities. Founded on the principles of integrity, reliability, and personalized service, we've been empowering individuals and families to achieve their homeownership goals since 1992.

Our journey began with a vision to redefine the mortgage experience, making it accessible, transparent, and tailored to the unique needs of each client. With a team of seasoned professionals who bring decades of industry expertise, we've evolved into a trusted partner for navigating the complexities of the mortgage process.

What sets us apart is our unwavering commitment to putting our clients first. Whether you're a first-time homebuyer, a seasoned investor, or looking to refinance, we take the time to understand your aspirations, educate you on your options, and guide you every step of the way. We believe that informed decisions are the foundation of successful homeownership, which is why we prioritize transparency and clear communication throughout the entire process.

As a locally owned and operated company, we take pride in being an integral part of the communities we serve. We're not just here to facilitate transactions; we're here to support the growth and prosperity of our neighborhoods. Whether through charitable initiatives, community outreach programs, or educational workshops, we're dedicated to making a positive impact beyond the realm of mortgages.

Our commitment to excellence has earned us the trust and loyalty of countless clients over the years. But our journey doesn't end there. We're continuously evolving, adapting to market dynamics, and embracing innovation to better serve you.

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14 days

Avg. Closing Time


5 star reviews


Years of mortgage experience

Our presence

Licensed in PA, NJ, CA & VA

Our team

Meet our team of mortgage experts

Ryan Lucas
Loan Officer  |  NMLS #2179121
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David Warrington
Loan Officer  |  NMLS #137953
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Process overview

Our simple home loan process


Before house hunting, potential buyers should get pre-approved for a mortgage. This involves submitting financial information to a lender who then evaluates credit history, income, debts, and assets to determine how much they can lend and at what interest rate.

Loan Application

Once pre-approved, buyers can start looking for a home within their budget. After finding a property and agreeing on the price, they formally apply for a mortgage. This step requires updated detailed financials and documentation.

Lock Rate

When you lock in a rate, you and the lender agree to a specific interest rate for your mortgage. This rate remains unchanged irrespective of market fluctuations during the lock period. The lock-in period usually ranges from 15 to 60 days, though it can be longer.

Loan Processing

The lender processes the application, which includes verifying all the information provided by the applicant. They may request additional documents or clarification. During this stage, an appraisal of the property is also conducted to assess its market value.


In this critical phase, the underwriter reviews all documentation and decides whether to approve or deny the loan based on criteria like credit score, debt-to-income ratio, and property value. This is where the lender takes on the financial risk of the loan.


The final step is closing. This involves signing a variety of legal documents that finalize the mortgage agreement. The buyer typically pays the closing costs, and the ownership of the property is transferred. Once this is completed, the buyer is now the new owner of the home!

Take your first step towards your home loan journey

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No impact on credit score
No hidden costs
No documents required