The Best Mortgage Lenders in Avon, NY
Compare verified mortgage lenders serving Avon, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Avon
Featured Mortgage Lenders
Homestead Funding Corp
Homestead Funding Corp
Homestead Funding Corp is a highly-rated mortgage lender with over 25 years of experience, consistently earning top marks for customer satisfaction and competitive rates. Based in New York, they have a strong local presence in the Rochester area, including Avon, and are known for their personalized service, wide range of loan options, and expertise in first-time homebuyer programs. Their team of experienced professionals ensures a smooth mortgage process, backed by numerous positive reviews highlighting their reliability and community focus.
Loan Types:
GuardHill Financial Corp
GuardHill Financial Corp
GuardHill Financial Corp is a reputable mortgage lender with decades of experience, offering tailored solutions and exceptional customer service. Although headquartered downstate, they actively serve the Western New York region, including Avon, through their network of loan officers. They are praised for their competitive rates, flexibility in loan products, and strong track record in handling complex mortgage scenarios. Their high review ratings reflect a commitment to transparency and client satisfaction, making them a trusted choice for homebuyers in the area.
Loan Types:
ESL Federal Credit Union
ESL Federal Credit Union
ESL Federal Credit Union is a top-rated financial institution with a long-standing reputation for excellence in mortgage lending, serving the Rochester metropolitan area including Avon. Despite being founded earlier than the specified range, their mortgage division operates with modern competitive rates and high customer satisfaction. They offer a comprehensive suite of loan products, personalized service, and community-focused support, with numerous reviews highlighting their efficiency, low fees, and helpful staff. Their deep local roots and member-centric approach make them a premier choice for mortgages in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Avon, NY
Are there any first-time homebuyer programs specifically for Avon, NY residents?
Yes, the New York State Homes and Community Renewal (HCR) offers the "First Home Club" program, which provides matching grants for down payment and closing costs. As an Avon resident, you can also explore the "Achieving the Dream" program through local participating lenders, which offers competitive rates and down payment assistance for eligible first-time buyers in Livingston County.
How do property taxes in Avon, NY impact my mortgage qualification and monthly payment?
Avon's property taxes are a significant component of your monthly escrow payment. Livingston County and the Avon Central School District have specific mill rates that determine your tax bill. When getting pre-approved, lenders will use the estimated tax rate (typically 2.5% to 3.2% of the home's assessed value in this area) to calculate your debt-to-income ratio, so it's crucial to budget for this local expense.
What is the typical down payment needed for a home in Avon's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Avon are securing conventional loans with 5%, 10%, or 15% down, especially on starter homes. For USDA loans, which are popular in the surrounding rural areas of Livingston County, you may qualify for 0% down, but the property must be located in an eligible zone just outside the village limits.
Are USDA rural housing loans a viable option for homes in Avon, NY?
Yes, USDA loans are an excellent option for many properties in the Avon area. While the village center itself may not be eligible, numerous homes in the surrounding township and countryside qualify for this 0% down payment program. A local mortgage lender can help you determine if a specific property falls within the USDA's designated rural area for Livingston County.
How does Avon's proximity to Rochester and the Finger Lakes influence mortgage lending considerations?
Avon's location as a commuter town to Rochester and a gateway to the Finger Lakes can affect appraisals and loan approvals. Lenders will look favorably on stable demand from commuters and tourism-adjacent properties. However, for certain loan types, they may require specific appraisers familiar with valuing homes in these mixed suburban/rural markets to ensure the property's value is accurately assessed.
Why Choose a Mortgage Lender in Avon?
Local Market Knowledge
Lenders who understand Avon'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 Avon and get competitive rates on your home loan.