The Best Mortgage Lenders in Amityville, NY
Compare verified mortgage lenders serving Amityville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Amityville
Featured Mortgage Lenders
Michael D'Ambrosio
CrossCountry Mortgage
CrossCountry Mortgage's Bohemia office serves the Amityville area with exceptional customer service and comprehensive mortgage solutions. With over 15 years of experience, Michael D'Ambrosio and his team specialize in guiding Long Island homeowners through the entire mortgage process. They offer competitive rates across all loan types and are particularly noted for their personalized service and expertise with first-time homebuyer programs. The company maintains a 4.9-star rating based on 125+ reviews, demonstrating consistent customer satisfaction and reliable performance throughout the mortgage process.
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Joseph R. Gaudio
NRL Mortgage
NRL Mortgage has been serving Long Island communities including Amityville since 2004, with Joseph Gaudio bringing over 12 years of mortgage expertise. The company is highly regarded for its competitive rates and efficient loan processing. They specialize in both purchase and refinance transactions, with particular strength in conventional and FHA lending. With an impressive 4.8-star rating from nearly 90 reviews, NRL Mortgage is known for their transparent communication and ability to close loans quickly, making them a top choice for Suffolk County homebuyers.
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Mortgage Department
Bethpage Federal Credit Union
As Long Island's largest credit union, Bethpage Federal Credit Union has been serving Amityville and surrounding communities for over 80 years. Their mortgage department offers exceptionally competitive rates for members and provides personalized service through local loan officers. They excel in first-time homebuyer programs, jumbo loans, and various refinance options. With over 350 reviews maintaining a 4.7-star rating, Bethpage is renowned for their community commitment, member-focused approach, and comprehensive mortgage solutions backed by their strong financial stability and local presence.
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Frequently Asked Questions
Common questions about mortgage lending in Amityville, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Amityville, NY?
Yes, Amityville homebuyers can access several New York State programs, including the SONYMA Achieving the Dream program, which offers competitive rates and down payment assistance. Additionally, Suffolk County offers the HOME Program, which provides down payment and closing cost assistance to eligible buyers in Amityville. It's wise to consult with a local lender familiar with these layered incentives.
How do property taxes in Amityville impact my mortgage qualification and monthly payment?
Suffolk County property taxes are a significant factor, with Amityville's effective tax rate being notably higher than the national average. Lenders will include your estimated monthly tax escrow in your debt-to-income ratio, which can reduce your purchasing power. It's crucial to get an accurate tax estimate for any property you consider, as taxes can vary even within the village.
What is the typical down payment required for a mortgage on a home in Amityville's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Amityville successfully purchase with 3-5% down using conventional loans, or 3.5% down with an FHA loan. Given the competitive nature of the market, a stronger down payment can make your offer more attractive to sellers, but various low-down-payment programs are actively used here.
Are there specific mortgage considerations for buying a historic home in Amityville's older neighborhoods?
Absolutely. Many homes in Amityville, especially in historic districts, are older and may require specialized financing like an FHA 203(k) renovation loan. A standard appraisal may flag needed repairs (like old wiring or plumbing), which a conventional lender could require to be fixed before closing. Working with a lender experienced in older homes is highly recommended.
How do flood zone designations in parts of Amityville affect the mortgage process?
Homes in FEMA-designated Special Flood Hazard Areas (like near the Great South Bay or canals) will require mandatory flood insurance as a condition of the mortgage. This adds a substantial, non-negotiable cost to your monthly payment and must be factored into your budget. Your lender will order a flood certification to determine the requirement.
Nearby Cities
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Why Choose a Mortgage Lender in Amityville?
Local Market Knowledge
Lenders who understand Amityville's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in New York.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Amityville and get competitive rates on your home loan.