The Best Mortgage Lenders in Bronxville, NY
Compare verified mortgage lenders serving Bronxville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bronxville
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Westchester County, serving Bronxville residents with competitive rates and exceptional customer service. Founded in 2000, the company has built a reputation for its digital-first approach, streamlined application process, and wide range of loan products. With high ratings from numerous review platforms, Guaranteed Rate is known for its transparency, quick closings, and dedicated loan officers who provide personalized guidance. Their office in White Plains ensures easy access for Bronxville homebuyers, making them a reliable choice for both purchase and refinance mortgages.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly regarded lender with a significant footprint in the New York metro area, including Bronxville. Established in 2003, the company offers a comprehensive suite of mortgage options and is praised for its customer-centric approach, local expertise, and competitive rates. With a focus on education and support, their team helps borrowers navigate the home financing process smoothly. The Scarsdale branch provides convenient service for Westchester County residents, and their high review scores reflect consistent satisfaction in communication, reliability, and closing efficiency.
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LoanDepot
LoanDepot, LLC
LoanDepot is a nationally recognized mortgage lender that actively serves the Bronxville area with a strong emphasis on technology and customer service. Founded in 2010, the company combines online convenience with local support, offering a variety of loan products tailored to diverse needs. Known for its competitive rates and efficient processing, LoanDepot has earned high marks for its user-friendly platform and responsive loan officers. Their presence in New York City ensures accessible service for Westchester clients, with a track record of helping buyers and refinancers achieve their goals through flexible solutions and reliable support.
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Frequently Asked Questions
Common questions about mortgage lending in Bronxville, NY
Are mortgage rates in Bronxville, NY, typically higher than the national average?
Yes, mortgage rates in Bronxville and the broader Westchester County area can be slightly higher than the national average due to the high property values and competitive market. However, your specific rate will depend heavily on your credit profile, loan amount, and down payment. Working with a local lender familiar with the area's jumbo loan market is advantageous.
What down payment is realistically needed to buy a home in Bronxville?
Given Bronxville's median home price, a 20% down payment is often standard to avoid private mortgage insurance (PMI), especially for conventional loans. For the prevalent jumbo loans (exceeding $1,149,825 in 2024), lenders may require 20-30% down. First-time buyers should explore Westchester County's "Homes for Homeowners" program for potential down payment assistance.
Are there specific mortgage considerations for buying a co-op in Bronxville?
Absolutely. Financing a co-op requires a specialized "co-op loan" (share loan), as you're buying shares in a corporation, not real property. The co-op board's financial health and its underlying mortgage (the "blanket" or "corporate" loan) are critical underwriting factors. Approval processes are stringent and lengthy, often requiring full board approval after financial pre-approval.
What local or county programs can help first-time homebuyers in Bronxville?
The New York State Homes and Community Renewal (HCR) offers the "Achieving the Dream" program, providing down payment assistance up to $15,000. Additionally, the Westchester County "Homes for Homeowners" program offers deferred, forgivable loans for down payment and closing costs to income-eligible first-time buyers purchasing within the county, including Bronxville.
How does the high property tax rate in Bronxville affect mortgage qualification?
Bronxville's significant property taxes are a major component of your monthly PITI (Principal, Interest, Taxes, Insurance) payment. Lenders will include this high tax burden when calculating your debt-to-income (DTI) ratio, which can reduce the loan amount you qualify for compared to a lower-tax area. It's crucial to get accurate tax estimates early in your budgeting process.
Nearby Cities
Explore mortgage lenders in cities near Bronxville, NY
Why Choose a Mortgage Lender in Bronxville?
Local Market Knowledge
Lenders who understand Bronxville'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 Bronxville and get competitive rates on your home loan.