The Best Mortgage Lenders in Atlantic Beach, NY
Compare verified mortgage lenders serving Atlantic Beach, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Atlantic Beach
Featured Mortgage Lenders
Michael Dubb
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the top mortgage lenders serving the Atlantic Beach area with a strong local presence on Long Island. Michael Dubb's team consistently receives exceptional ratings for their personalized service, competitive rates, and expertise in coastal property financing. Their 20 years of experience in the Nassau County market makes them particularly knowledgeable about Atlantic Beach's unique real estate landscape, including flood zone requirements and waterfront property financing.
Loan Types:
Louis Piccolo
Sterling National Bank
Sterling National Bank has deep roots in the Long Island community with nearly a century of service. Their mortgage division, led by experienced professionals like Louis Piccolo, specializes in serving the Nassau County coastal communities including Atlantic Beach. They're particularly noted for their competitive jumbo loan programs and construction financing options, which are valuable for Atlantic Beach's premium property market. Their local decision-making and community-focused approach make them a trusted choice.
Loan Types:
The Home Loan Expert Group
Guaranteed Rate
Guaranteed Rate's Home Loan Expert Group serving Nassau County has built an outstanding reputation for their digital-first approach combined with personalized service for Atlantic Beach homebuyers. They're known for their competitive rates and efficient closing process, with particular expertise in handling the specific requirements of coastal properties. Their strong technology platform allows for streamlined applications while maintaining the personal touch needed for complex transactions in markets like Atlantic Beach.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Atlantic Beach, NY
Are there specific flood insurance requirements for getting a mortgage in Atlantic Beach, NY?
Yes, absolutely. Atlantic Beach is a coastal barrier island, so virtually all properties are in a FEMA-designated Special Flood Hazard Area (SFHA). Lenders will require you to purchase and maintain a separate flood insurance policy as a mandatory condition of your mortgage. This is in addition to standard homeowners insurance and can be a significant annual cost to factor into your budget.
What are the typical down payment requirements for homes in Atlantic Beach, given the high property values?
While 20% down is ideal to avoid Private Mortgage Insurance (PMI), many buyers in Atlantic Beach utilize conventional loans with down payments as low as 10% or even 5%. For higher-priced homes that exceed the conforming loan limits ($1,149,825 for Nassau County in 2024), a jumbo loan will be necessary, which often requires a minimum of 10-20% down and has stricter credit and reserve requirements.
Does Nassau County or New York State offer any special mortgage programs for first-time homebuyers in Atlantic Beach?
Yes, eligible first-time homebuyers can apply for the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which offers competitive interest rates and down payment assistance. Additionally, Nassau County offers a "Home Ownership First" program providing closing cost assistance. However, income and purchase price limits apply, which can be restrictive given Atlantic Beach's market.
How do property taxes in Atlantic Beach impact my mortgage qualification and monthly payment?
Property taxes in Atlantic Beach (part of the Town of Hempstead) are notably high, which significantly affects debt-to-income (DTI) ratios. Lenders will calculate your monthly tax escrow payment, which can easily add $1,000-$2,000 or more to your monthly mortgage payment. You must qualify for the full PITI (Principal, Interest, Taxes, and Insurance) payment, so high taxes can reduce the loan amount you're approved for.
Are there specific lenders or banks in the Atlantic Beach area that have expertise with coastal properties?
It is highly advisable to work with a local mortgage broker or lender familiar with the Five Towns area and coastal Nassau County. They have experience with the unique challenges, such as stringent co-op board requirements (for co-op purchases), accurate flood zone determinations, and appraisals for unique waterfront properties. Local banks and credit unions often have a deeper understanding of the specific condo and co-op complexes in the village.
Nearby Cities
Explore mortgage lenders in cities near Atlantic Beach, NY
Why Choose a Mortgage Lender in Atlantic Beach?
Local Market Knowledge
Lenders who understand Atlantic Beach'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 Atlantic Beach and get competitive rates on your home loan.