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Caledonia, NY

The Best Mortgage Lenders in Caledonia, NY

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

3
Top Lenders
4.8
Avg Rating
1150+
Reviews
11
Loan Types

Available Loan Programs in Caledonia

Conventional
FHA
VA
USDA
Jumbo
Fixed-rate
Adjustable-rate
Construction
Refinance
First-time homebuyer
Reverse mortgages

Featured Mortgage Lenders

1

ESL Federal Credit Union Mortgage Department

ESL Federal Credit Union

★★★★☆
4.8/5

As one of the most trusted financial institutions in the Rochester region, ESL Federal Credit Union has been serving the Caledonia area for over a century. They consistently receive exceptional ratings for their competitive mortgage rates, personalized service, and deep community commitment. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in first-time homebuyer programs and local market knowledge. Members praise their transparent process, low closing costs, and exceptional customer service that makes the mortgage experience smooth and understandable.

Experience:105 years
Reviews:450 customer reviews
225 Chestnut Street, Rochester, NY 14604

Loan Types:

ConventionalFHAVAUSDAJumboFixed-rateAdjustable-rateConstructionRefinance
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2

Nothnagle Home Loans

Nothnagle Home Loans Corporation

★★★★☆
4.7/5

As the mortgage division of Western New York's largest real estate company, Nothnagle Home Loans has deep roots in the Caledonia and Greater Rochester area. With over seven decades of experience, they offer unparalleled local market expertise and seamless coordination with their real estate services. Customers consistently rate them highly for their responsive communication, competitive rates, and efficient closing processes. Their team includes specialists in various loan types, particularly noted for their expertise with rural properties common in the Caledonia area and their comprehensive first-time homebuyer assistance programs.

Experience:70+ years
Reviews:300 customer reviews
300 Pearl Street, Rochester, NY 14607

Loan Types:

ConventionalFHAVAUSDAJumboFixed-rateAdjustable-rateFirst-time homebuyerRefinance
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3

Fairway Independent Mortgage Corporation - Rochester

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage has established itself as one of the top-rated mortgage lenders serving the Caledonia area, with multiple local offices and a strong regional presence. They receive exceptional customer satisfaction ratings for their competitive pricing, wide range of loan products, and highly responsive service. Their local loan officers have extensive knowledge of the Livingston County market and are particularly praised for their ability to close loans quickly and efficiently. The company is renowned for their technology platform that provides real-time updates and their commitment to making the mortgage process transparent and stress-free for borrowers.

Experience:25+ years
Reviews:400 customer reviews
1600 South Winton Road, Building A, Suite 100, Rochester, NY 14618

Loan Types:

ConventionalFHAVAUSDAJumboFixed-rateAdjustable-rateConstructionRefinanceReverse mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Caledonia, NY

Are there any special first-time homebuyer programs available specifically for Caledonia, NY?

Yes, the New York State Homes and Community Renewal (HCR) offers the "First Home Club" program, which provides matching grants for down payments and closing costs. This program is available to eligible buyers in Caledonia and across Livingston County. Additionally, local credit unions like ESL Federal Credit Union, which serves the region, often have their own competitive first-time buyer programs with low down payment options.

How do property taxes in Caledonia, NY, impact my mortgage qualification and monthly payment?

Property taxes in the Town of Caledonia and within the Caledonia-Mumford Central School District are a significant component of your monthly escrow payment. Livingston County has a relatively average tax rate for upstate New York, but lenders will carefully factor this into your debt-to-income ratio. It's crucial to get an accurate tax estimate for your specific property, as taxes can vary between hamlets and villages within the town.

What types of properties are common in Caledonia, and does that affect the type of mortgage I should get?

Caledonia features a mix of single-family homes, older historic properties, and newer subdivisions, along with rural properties with more land. For a standard single-family home, a conventional loan is typical. However, if you're considering a unique or older home that might not meet strict appraisal guidelines, a renovation loan like the FHA 203(k) could be a valuable option to finance both purchase and repairs.

Are USDA rural development loans available for homes in Caledonia, NY?

Yes, much of the area surrounding the village of Caledonia is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). The specific eligibility is determined by property address through the USDA website. This can be an excellent option for buyers looking at homes on the more rural outskirts of town, making homeownership more accessible.

How does Caledonia's location in the Finger Lakes region influence the home appraisal process for a mortgage?

Appraisals in Caledonia must accurately reflect values in its specific micro-market, which is influenced by the broader Rochester metro area and the desirable Finger Lakes region. Appraisers will look closely at comparable sales ("comps") within the Caledonia-Mumford school district and similar nearby towns. Unique features like larger parcels of land or proximity to the Genesee Valley Greenway can positively impact value but require an appraiser familiar with local rural-suburban markets.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent Makes All the Difference in Caledonia

Searching for "home loan agents near me" is one of the smartest first steps you can take as a potential homebuyer in Caledonia. While online tools are helpful, navigating the mortgage process for our specific market requires a local expert who understands the nuances of Livingston County and can be your trusted guide from open house to closing day.

Caledonia’s charm lies in its blend of rural tranquility and community spirit, with housing options ranging from historic village homes to newer constructions on larger lots. A local loan agent doesn’t just process paperwork; they understand these property types and how they are valued here. They know which appraisers are familiar with the area’s unique characteristics, from older homes with potential updates to properties with more land. This local insight is crucial for a smooth appraisal and underwriting process, preventing last-minute surprises that can derail a deal in our competitive upstate market.

When looking for an agent, prioritize those who are deeply embedded in the Western New York region. Ask potential agents: How many loans have you closed in Livingston and Monroe Counties? Are you familiar with the specific timelines and professionals at the local title companies? A great local agent will have established relationships that can help streamline your closing. They can also provide invaluable advice on timing your offer, especially if you’re looking at homes in the Caledonia-Mumford school district, a key driver of property values here.

New York State offers several programs that a knowledgeable local agent can help you access. The SONYMA (State of New York Mortgage Agency) programs, for example, provide low-interest-rate mortgages and down payment assistance to eligible first-time homebuyers. A Caledonia-area agent will know if your income qualifies for Livingston County and can guide you through SONYMA’s requirements. They can also advise on the Mortgage Recording Tax specific to New York, helping you accurately budget for all closing costs.

Your actionable plan starts with a conversation. Instead of just searching online, ask your local real estate agent for a referral—they work with loan officers daily and know who is responsive and reliable. Interview two or three local candidates. Ask them to compare scenarios for your situation, explaining the pros and cons of different loan types for a home in our area. A good agent will explain the differences between a conventional loan for a move-in-ready ranch and what a renovation loan might look like for a charming fixer-upper on North Street.

Buying a home in Caledonia is about investing in a community. Partnering with a home loan agent who knows the lay of the land, both financially and literally, provides you with confidence and clarity. They become your advocate, ensuring your dream of owning a piece of this wonderful village is built on the strongest possible foundation.

Nearby Cities

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Why Choose a Mortgage Lender in Caledonia?

Local Market Knowledge

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