The Best Mortgage Lenders in Bohemia, NY
Compare verified mortgage lenders serving Bohemia, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bohemia
Featured Mortgage Lenders
CrossCountry Mortgage, Inc.
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Holbrook location serves the Bohemia area with exceptional customer service and comprehensive mortgage solutions. With nearly 20 years of experience, they offer competitive rates and personalized service for both purchase and refinance transactions. Their high 4.9 rating reflects consistent customer satisfaction, and they specialize in guiding first-time homebuyers through the entire mortgage process with educational resources and dedicated support.
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NRL Mortgage
NRL Mortgage
NRL Mortgage has built a strong reputation serving Suffolk County communities including Bohemia with their extensive mortgage expertise and local market knowledge. Founded in 2007, they offer competitive rates and flexible loan programs, particularly excelling in construction loans and investment property financing. Their 4.8 rating demonstrates consistent reliability and customer-focused service, with many reviews highlighting their responsiveness and attention to detail throughout the lending process.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate's Hauppauge office serves the Bohemia area with innovative digital mortgage solutions combined with personalized local service. As one of the largest retail mortgage lenders in the U.S., they leverage their national scale to offer competitive pricing while maintaining strong local presence. Their 4.7 rating reflects their commitment to streamlined processes and customer satisfaction, with particular strength in digital mortgage applications and quick closing timelines that benefit both purchase and refinance customers.
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Frequently Asked Questions
Common questions about mortgage lending in Bohemia, NY
What are the typical down payment requirements for buying a home in Bohemia, NY, given its market?
In Bohemia's competitive Suffolk County market, conventional loans typically require 5-20% down. However, for the median-priced home here, many local lenders recommend aiming for at least 10-15% to strengthen your offer. It's also wise to explore specific Long Island programs, like those from SONYMA, which may offer lower down payment options for eligible buyers in this area.
Are there any local or county-specific first-time homebuyer programs available for Bohemia residents?
Yes, Suffolk County offers the "Homeownership First" program, which provides down payment and closing cost assistance to eligible first-time buyers in Bohemia. Additionally, the New York State Homes and Community Renewal (HCR) offers SONYMA loans, which are popular in Bohemia for their competitive rates and low down payments, often coupled with grants for closing costs.
How do property taxes in Bohemia impact mortgage qualification and monthly payments?
Suffolk County property taxes are notably high, and Bohemia is no exception. Lenders will carefully factor your estimated annual tax bill (often $8,000-$12,000+) into your debt-to-income ratio. This significantly affects how much house you can qualify for, as your monthly escrow payment for taxes and insurance can add hundreds to your mortgage payment.
What type of home insurance considerations are unique to getting a mortgage in Bohemia, NY?
Due to Bohemia's proximity to the Great South Bay and its location on Long Island, flood insurance is a critical consideration. Lenders will require a flood zone determination; if the property is in a Special Flood Hazard Area (SFHA), mandatory flood insurance will be a condition of your mortgage, adding a substantial cost to your monthly housing expense.
How does the appraisal process work for Bohemia's mix of older homes and newer developments?
Appraisals in Bohemia must account for its diverse housing stock, from post-WWII capes to newer subdivisions. An appraiser familiar with the local market will heavily rely on recent sales of comparable homes in specific neighborhoods, like near the Bohemia Recreation Center versus areas closer to industry. Unique features or outdated systems in older homes can significantly impact the appraised value and, consequently, your loan amount.
Why Choose a Mortgage Lender in Bohemia?
Local Market Knowledge
Lenders who understand Bohemia'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 Bohemia and get competitive rates on your home loan.