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Boston, NY

The Best Mortgage Lenders in Boston, NY

Compare verified mortgage lenders serving Boston, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
700+
Reviews
7
Loan Types

Available Loan Programs in Boston

Conventional
FHA
VA
Jumbo
Refinance
USDA
Reverse Mortgages

Featured Mortgage Lenders

1

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.8/5

Guaranteed Rate is a top-rated mortgage lender known for its competitive rates, innovative digital mortgage platform, and high customer satisfaction. With over two decades of experience, they offer a streamlined application process and personalized service through local experts in Boston. Their strong reputation is backed by numerous industry awards and a commitment to transparency, making them a preferred choice for homebuyers and refinancers in the area.

Experience:24 years
Reviews:350 customer reviews
1 International Place, Boston, MA 02110

Loan Types:

ConventionalFHAVAJumboRefinance
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2

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage is highly regarded for its exceptional customer service, extensive loan options, and community-focused approach. Serving the Boston area for nearly three decades, they provide tailored mortgage solutions with a emphasis on education and support for first-time homebuyers. Their consistent high ratings reflect a dedication to reliability and competitive pricing, backed by a team of local professionals.

Experience:28 years
Reviews:200 customer reviews
29 Crafts Street, Newton, MA 02458

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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3

New American Funding

New American Funding, LLC

★★★★☆
4.6/5

New American Funding stands out for its diverse loan programs, including specialized options for underserved communities and first-time homebuyers. With over 20 years in business, they have built a strong presence in Boston by offering competitive rates, flexible terms, and personalized service. Their high customer satisfaction scores and commitment to innovation make them a trusted lender for purchases and refinances in the region.

Experience:21 years
Reviews:150 customer reviews
101 Federal Street, Boston, MA 02110

Loan Types:

ConventionalFHAVAJumboReverse MortgagesRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Boston, NY

What are the current mortgage rates like in Boston, and how do they compare to national averages?

Mortgage rates in Boston are typically very close to national averages, as they are driven by broader economic factors. However, due to Boston's competitive and high-cost market, lenders may have slightly different qualifying criteria. It's always wise to shop around with both local credit unions and national lenders to find the best combination of rate and service for your specific financial situation.

Are there any special first-time homebuyer programs available in Boston?

Yes, the City of Boston offers the ONE+ Mortgage Program, which provides a deferred, no-interest loan of up to $50,000 for down payment and closing cost assistance. This program is specifically for first-time homebuyers purchasing a 1-4 family home in Boston, with income and purchase price limits. Additionally, MassHousing offers competitive first-time buyer loans with lower down payments and no private mortgage insurance (PMI).

How does Boston's high property tax rate affect my mortgage qualification and monthly payment?

Boston's effective property tax rate is relatively high compared to other U.S. cities. Lenders will include your estimated property taxes in your debt-to-income (DTI) ratio calculation, which can significantly impact how much home you can qualify for. When budgeting, be sure to account for this substantial monthly escrow payment, as it can add hundreds of dollars to your total monthly housing cost.

What should I know about getting a mortgage for a condo in Boston, especially in older buildings?

Financing a condo in Boston, particularly in historic brownstones or older associations, comes with extra scrutiny. Lenders will closely review the condo association's budget, reserves, insurance, and the percentage of owner-occupants. Many older buildings have high monthly condo fees and may not meet Fannie Mae or Freddie Mac guidelines, potentially requiring a non-conforming portfolio loan, which can have stricter terms.

Does Boston's competitive real estate market require specific mortgage strategies?

Absolutely. To be competitive, you should get a strong pre-approval (not just a pre-qualification) from a reputable local lender. Consider waiving the mortgage contingency only with extreme caution and after thorough vetting. Being prepared to close quickly is also an advantage, so working with an efficient, responsive lender familiar with Boston's fast-paced market and complex closing process is crucial.

Mortgage Insights

Finding Your Guide: Why a Home Loan Broker in Boston, NY is Your Secret Weapon

Searching for a "home loan broker near me" in Boston, New York, isn't just about finding a mortgage—it's about finding a local expert who understands the unique rhythms of our town and the wider Erie County market. While we share a name with the big city in Massachusetts, Boston, NY offers a distinct blend of suburban charm and rural appeal, with a housing market that requires a nuanced approach. A local broker isn't just a loan officer; they're your financial scout for navigating this specific landscape.

The Boston, NY market, like much of Western New York, can be competitive for well-priced single-family homes, yet it also presents opportunities with more space and value compared to larger metro areas. A broker based here understands the appraisal values in neighborhoods like the Village Center or more rural parcels, knowledge that is critical for a smooth transaction. They have established relationships with local banks, credit unions, and regional lenders who are familiar with properties in 14025 and surrounding zip codes. This hyper-local insight is something you simply won't get from a big, online-only lender.

For homebuyers in New York State, there are key regional programs a skilled broker can help you access. The SONYMA (State of New York Mortgage Agency) programs are a prime example. These include low-interest-rate mortgages, down payment assistance, and special offers for first-time homebuyers—all of which can be game-changers. A knowledgeable Boston broker will know if you qualify for a SONYMA loan, a USDA Rural Development loan (relevant for eligible properties in the area), or other local initiatives. They can compare these directly with conventional options to find your best fit.

Your actionable advice starts now. First, when searching for your broker, look for proven experience in Erie County. Ask potential brokers: "How many closings have you done in the Boston area in the last year?" and "Which local lenders do you most frequently work with?" Second, come prepared to discuss your entire financial picture. New York has specific closing cost and tax considerations, and your broker needs the full story to guide you. Finally, use them as your consultant. A good broker will explain the trade-offs between different loan types—like a fixed-rate mortgage for stability versus an adjustable-rate mortgage if you plan to move sooner—within the context of your life in Boston.

In a town like ours, where word-of-mouth matters, the right home loan broker becomes a trusted partner. They’ll help you decipher the numbers, unlock local opportunities, and ultimately, secure not just a house, but your place in the Boston, NY community. Start your search locally, and you’ll be investing in more than a loan—you’ll be investing in peace of mind.

Nearby Cities

Explore mortgage lenders in cities near Boston, NY

Why Choose a Mortgage Lender in Boston?

Local Market Knowledge

Lenders who understand Boston'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 Boston and get competitive rates on your home loan.