The Best Mortgage Lenders in Bedford, NY
Compare verified mortgage lenders serving Bedford, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bedford
Featured Mortgage Lenders
William Raveis Mortgage
William Raveis Mortgage, LLC
William Raveis Mortgage is one of the most highly-regarded regional mortgage lenders serving Westchester County and Bedford specifically. With over four decades of experience, they have built an exceptional reputation for personalized service and competitive rates. Their local expertise in the Bedford area market is particularly valuable for navigating the unique real estate landscape of Northern Westchester. They offer a comprehensive range of loan products and are known for their responsive communication and smooth closing processes, earning consistently outstanding customer reviews.
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Tom Bohlsen
First Republic Bank
First Republic Bank has established itself as a premier lender for the Bedford area, particularly known for their exceptional jumbo loan products and white-glove service. Their local Tarrytown office serves the entire Northern Westchester region with personalized attention and competitive pricing. They are renowned for their relationship-based approach to lending, offering customized solutions for high-net-worth clients and complex financial situations. Their commitment to customer satisfaction and local market expertise makes them a top choice for Bedford homebuyers.
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Michael L. Cestone
GuardHill Financial Corp.
GuardHill Financial has been serving the Bedford and Westchester County market for over two decades, building a strong reputation for expertise in complex mortgage transactions and exceptional customer service. As a direct lender with in-house underwriting, they offer faster processing times and more flexible guidelines than many competitors. Their deep knowledge of the Bedford real estate market and relationships with local real estate professionals make them particularly valuable for buyers in this competitive market. They consistently receive high marks for their transparent communication and ability to handle challenging financing scenarios.
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Frequently Asked Questions
Common questions about mortgage lending in Bedford, NY
Are mortgage rates in Bedford, NY, typically higher than the national average?
Yes, mortgage rates in Bedford and the broader Westchester County area can be slightly higher than the national average due to the high property values and the jumbo loan market's influence. However, rates are primarily set by national economic factors, so shopping with local lenders who understand the competitive Bedford market is key to securing a favorable rate.
What local down payment assistance programs are available for first-time homebuyers in Bedford?
While Bedford itself does not offer a municipal program, New York State's SONYMA (State of New York Mortgage Agency) programs, such as the Low Interest Rate Program and the Achieving the Dream Program, are accessible to eligible buyers in Bedford. These can offer competitive rates, down payment assistance, and are particularly valuable for moderate-income buyers entering this high-cost market.
How does the prevalence of historic homes in Bedford affect the mortgage process?
Purchasing a historic or older home in Bedford may require specific inspections and potentially a specialized renovation loan if updates are needed. Lenders will pay close attention to the condition of major systems (roof, plumbing, electrical) and may have stricter appraisal requirements, which can slightly lengthen the closing timeline compared to newer construction.
Is it common to need a jumbo loan in Bedford, and what are the requirements?
Given Bedford's median home price, jumbo loans (exceeding $1,149,825 in 2024 for Westchester County) are very common. Requirements are stricter, often requiring excellent credit (FICO scores of 740+), lower debt-to-income ratios, and significant cash reserves—sometimes 12 months or more of mortgage payments in the bank after closing.
What should I know about property taxes when getting a mortgage in Bedford, NY?
Bedford has notably high property taxes, which are a major component of your monthly mortgage payment (escrow). Lenders will carefully underwrite with this high tax burden in mind, affecting your debt-to-income ratio. It's crucial to get an accurate tax estimate early in the process, as taxes can vary significantly between the hamlets of Bedford Hills, Bedford Village, and Katonah.
Nearby Cities
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Why Choose a Mortgage Lender in Bedford?
Local Market Knowledge
Lenders who understand Bedford'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 Bedford and get competitive rates on your home loan.