The Best Mortgage Lenders in Cicero, NY
Compare verified mortgage lenders serving Cicero, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cicero
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a top-rated national mortgage lender with a strong local presence in the Syracuse area, serving Cicero residents for over 15 years. Known for competitive rates and exceptional customer service, they offer a comprehensive range of loan products, including specialized options for first-time homebuyers and veterans. Their high ratings and substantial review count reflect a commitment to reliability and customer satisfaction, with many clients praising their efficient processing and personalized support.
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New American Funding
New American Funding LLC
New American Funding is a highly-regarded mortgage lender with over 20 years of experience and a significant presence in the Syracuse metropolitan area, including Cicero. They are celebrated for their diverse loan programs, competitive rates, and focus on community engagement, with numerous positive reviews highlighting their responsive service and expertise in handling various mortgage needs. Their long track record and high customer satisfaction make them a trusted choice for homebuyers in the region.
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Homestead Funding Corp
Homestead Funding Corp
Homestead Funding Corp is a well-established mortgage broker with over 28 years of experience, serving clients across New York State, including Cicero. They are known for their personalized approach, competitive loan options, and high customer ratings, with many reviews praising their local expertise and dedication to finding the best mortgage solutions. Their longevity and strong reputation in the industry ensure reliable and trustworthy service for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Cicero, NY
Are there any special first-time homebuyer programs available specifically for Cicero, NY?
Yes, the New York State Homes and Community Renewal (HCR) offers the "Achieving the Dream" program, which provides down payment assistance and competitive interest rates for first-time buyers in Cicero. Additionally, the "SONYMA Low Interest Rate" program is widely used in the area, offering low fixed-rate mortgages with reduced closing costs to eligible buyers purchasing within Onondaga County.
How do property taxes in Cicero, NY, impact my mortgage qualification and monthly payment?
Cicero has property tax rates that are generally competitive within Onondaga County but are a significant factor in your total monthly payment. Lenders will calculate your debt-to-income ratio using the estimated monthly tax escrow, so it's crucial to get an accurate tax estimate. The Town of Cicero and the North Syracuse Central School District taxes are the primary components.
What is the typical down payment required for a conventional mortgage on a home in Cicero's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many lenders in the Cicero area offer conventional loans with as little as 3-5% down, especially for first-time buyers. Given the competitive nature of the Syracuse suburb market, having a stronger down payment can make your offer more attractive to sellers.
Are there specific mortgage considerations for buying a home in one of Cicero's newer subdivisions versus an older neighborhood?
Yes, for newer construction in subdivisions like along Route 31, lenders may have specific appraisal processes and could require warranties. For older homes in established neighborhoods, a thorough home inspection is critical, and lenders may pay closer attention to the age and condition of major systems like roofing, plumbing, and electrical during the appraisal.
How do mortgage rates in Cicero, NY, compare to the national average, and what local factors influence them?
Mortgage rates in Cicero typically align closely with national averages, as they are set by broader markets. However, your final rate is personalized based on credit, loan-to-value ratio, and the specific lender. Local competition among banks and credit unions in the Syracuse metro area can work in your favor, so it's wise to compare offers from both local and national institutions.
Why Choose a Mortgage Lender in Cicero?
Local Market Knowledge
Lenders who understand Cicero'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 Cicero and get competitive rates on your home loan.