The Best Mortgage Lenders in Ellenville, NY
Compare verified mortgage lenders serving Ellenville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellenville
Featured Mortgage Lenders
Rondout Valley Growers Association
Rondout Valley Growers Association Federal Credit Union
As Ellenville's local credit union, Rondout Valley Growers Association has been serving the community for over seven decades with personalized mortgage solutions. They consistently receive outstanding reviews for their local expertise, competitive rates, and exceptional customer service. Their deep roots in the Ellenville community allow them to provide tailored mortgage advice and understand local real estate market conditions better than any out-of-area lender.
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Ulster Savings Bank
Ulster Savings Bank
Ulster Savings Bank has been a trusted regional mortgage lender serving the Hudson Valley, including Ellenville, for over 170 years. They offer competitive rates and a wide range of mortgage products with a focus on personalized service. Their long-standing presence in the region gives them deep understanding of local property values and market trends. Customers consistently praise their knowledgeable loan officers and smooth closing process.
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Intercounty Mortgage Network
Intercounty Mortgage Network Corp.
Intercounty Mortgage Network is a highly-rated mortgage brokerage serving Ellenville and the broader Hudson Valley region. With nearly 25 years of experience, they leverage relationships with multiple lenders to find the best rates and terms for each borrower's unique situation. Their 4.9-star rating reflects exceptional customer satisfaction, with clients frequently noting their responsiveness, expertise, and ability to navigate complex mortgage scenarios successfully.
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Frequently Asked Questions
Common questions about mortgage lending in Ellenville, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Ellenville, NY?
Yes, Ellenville homebuyers can access statewide programs like the SONYMA Low Interest Rate Mortgage Program and the Achieving the Dream Down Payment Assistance Loan. Additionally, Ulster County may offer local grants or assistance, so it's wise to check with lenders familiar with the area for the most current local and state incentives.
How do property taxes in Ellenville impact my mortgage qualification and monthly payment?
Property taxes in the Town of Wawarsing (which includes Ellenville) are a significant component of your monthly escrow payment. Ulster County taxes are moderately high, so 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 rates can vary.
What types of properties in Ellenville might require specialized mortgage financing?
Ellenville and the surrounding Shawangunk region have many older homes, historic properties, and homes on larger lots. Financing for homes needing significant repairs may require a FHA 203(k) rehab loan, while unique or non-warrantable properties (like certain multi-family homes or cabins) may need a portfolio lender familiar with the local market.
How does the seasonal and tourism-based economy of the Catskills region affect mortgage approval for Ellenville residents?
Lenders will closely scrutinize income stability for self-employed individuals or those in tourism, hospitality, or seasonal trades common in Ellenville. You may need to provide two years of tax returns to demonstrate consistent annual income. Working with a local lender who understands the area's economic cycles can be very beneficial.
Are USDA rural development loans available for homes in Ellenville, NY?
Yes, most of the Ellenville area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for qualified buyers looking in this region. You should confirm a specific property's eligibility using the USDA's online mapping tool, as some pockets may have different designations.
Why Choose a Mortgage Lender in Ellenville?
Local Market Knowledge
Lenders who understand Ellenville'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 Ellenville and get competitive rates on your home loan.