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Center Moriches, NY

The Best Mortgage Lenders in Center Moriches, NY

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

3
Top Lenders
4.8
Avg Rating
930+
Reviews
10
Loan Types

Available Loan Programs in Center Moriches

Conventional
FHA
VA
Jumbo
Refinance
First-time Homebuyer
USDA
Construction
ARM
Investment Properties

Featured Mortgage Lenders

1

Michael D'Ambrosio

NRL Mortgage

★★★★☆
4.9/5

NRL Mortgage is one of Long Island's highest-rated mortgage brokers with exceptional customer satisfaction ratings. Michael D'Ambrosio and his team specialize in serving Suffolk County communities including Center Moriches, offering personalized service and competitive rates. They are particularly noted for their expertise in jumbo loans and first-time homebuyer programs, with many reviews highlighting their responsiveness and ability to close loans quickly. Their local knowledge of the Center Moriches market and strong relationships with multiple lenders allows them to secure favorable terms for borrowers.

Experience:25 years
Reviews:185 customer reviews
22 W Main St, Patchogue, NY 11772

Loan Types:

ConventionalFHAVAJumboRefinanceFirst-time Homebuyer
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2

Member Services

Teachers Federal Credit Union

★★★★☆
4.8/5

Teachers Federal Credit Union has been serving Long Island residents for decades with an outstanding reputation for mortgage lending. While based in Hauppauge, they actively serve all of Suffolk County including Center Moriches. They offer highly competitive rates to members and are known for exceptional customer service throughout the loan process. Their mortgage specialists provide personalized guidance and they consistently receive high marks for transparency, low closing costs, and smooth closing experiences. As a credit union, they prioritize member satisfaction over profits.

Experience:70 years
Reviews:425 customer reviews
715 Veterans Memorial Hwy, Hauppauge, NY 11788

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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3

Local Mortgage Team

Guaranteed Rate

★★★★☆
4.7/5

Guaranteed Rate combines national lending power with strong local presence on Long Island. Their Melville office serves Center Moriches and surrounding communities with a reputation for competitive rates and digital efficiency. They offer a streamlined online application process while maintaining local loan officers who understand the specific market dynamics of Suffolk County. Customers consistently praise their communication, speed of processing, and ability to handle complex loan scenarios. Their extensive product lineup and strong secondary market relationships enable them to offer competitive terms across all loan types.

Experience:20 years
Reviews:320 customer reviews
135 Pinelawn Rd, Melville, NY 11747

Loan Types:

ConventionalFHAVAJumboARMRefinanceInvestment Properties
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Frequently Asked Questions

Common questions about mortgage lending in Center Moriches, NY

Are there any special mortgage programs for first-time homebuyers in Center Moriches, NY?

Yes, New York State offers the SONYMA (State of New York Mortgage Agency) programs, which are popular in Center Moriches. These include the Low Interest Rate Program and the Achieving the Dream Program, which offer competitive rates and down payment assistance. Additionally, Suffolk County has its own Homebuyer Assistance Program that can provide additional support for eligible buyers in the area.

How do flood zones in Center Moriches affect the mortgage process?

Given Center Moriches' proximity to the Great South Bay and Moriches Bay, many properties are in FEMA-designated flood zones. Lenders will require a flood certification, and if the home is in a Special Flood Hazard Area (SFHA), you must purchase flood insurance as a condition of the mortgage. This is a mandatory and ongoing cost that must be factored into your monthly housing budget.

What are typical property taxes like for a mortgage in Center Moriches, and how do they impact loan approval?

Property taxes in Center Moriches (within the Town of Brookhaven) are a significant consideration, often ranging from $8,000 to $15,000+ annually depending on the home's assessed value. Lenders will include this high escrow payment in your debt-to-income (DTI) ratio calculation, which can substantially reduce the loan amount you qualify for compared to areas with lower taxes.

Are USDA rural development loans available in Center Moriches, NY?

Yes, surprisingly, much of Center Moriches is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. The USDA has designated areas east of the William Floyd Parkway as "rural" for loan purposes. This can be an excellent option for eligible buyers seeking to purchase in this more suburban/semi-rural part of Long Island.

How does the seasonal "second home" market in Center Moriches impact mortgage lending?

Center Moriches has a notable market for seasonal and second homes due to its bay and beach access. Financing these properties often requires a larger down payment (typically 20-30%) and may come with slightly higher interest rates compared to primary residence loans. Lenders will also scrutinize rental income projections if you plan to rent the property, often requiring a history of successful rental management.

Nearby Cities

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Why Choose a Mortgage Lender in Center Moriches?

Local Market Knowledge

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