The Best Mortgage Lenders in Ellisburg, NY
Compare verified mortgage lenders serving Ellisburg, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellisburg
Featured Mortgage Lenders
Community Bank, N.A.
Community Bank, N.A.
As one of the most established financial institutions in Northern New York, Community Bank, N.A. has served Jefferson County and surrounding areas for over 150 years. They maintain a strong physical presence in Watertown, just 30 minutes from Ellisburg, with dedicated mortgage specialists who understand the unique rural property needs of the North Country. Their extensive experience with USDA loans makes them particularly valuable for Ellisburg's rural homebuyers, and they offer competitive rates with personalized local service.
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North Star Mortgage Advisors
North Star Mortgage Advisors
North Star Mortgage Advisors is a highly-rated local mortgage brokerage serving the entire North Country region including Ellisburg. They consistently receive perfect 5-star reviews for their exceptional customer service and expertise with rural property financing. As a brokerage, they work with multiple lenders to find the best rates and terms for each client's specific situation. Their deep knowledge of USDA rural development loans and experience with Jefferson County properties makes them an excellent choice for Ellisburg homebuyers.
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Guild Mortgage Company
Guild Mortgage Company - Syracuse Branch
Guild Mortgage is a nationally recognized lender with a strong Upstate New York presence that serves the Ellisburg area. They specialize in rural and suburban property financing with particular expertise in USDA loans, which are highly relevant for Ellisburg homebuyers. Their Syracuse-based loan officers regularly work with clients throughout Jefferson County and understand the local market dynamics. Guild receives consistently high marks for their competitive rates, efficient processing, and excellent communication throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Ellisburg, NY
Are there any special first-time homebuyer programs available specifically for Ellisburg, NY?
Yes, the New York State Homes and Community Renewal (HCR) offers the Achieving the Dream program, which provides down payment assistance and competitive rates. As a rural village in Jefferson County, Ellisburg also qualifies for USDA Rural Development loans, which offer 100% financing with no down payment, a significant advantage for eligible buyers in this area.
How do property taxes in Ellisburg impact my mortgage qualification and monthly payment?
Jefferson County, which includes Ellisburg, has relatively moderate property tax rates compared to downstate New York, but they are still a significant component of your monthly escrow payment. Your lender will calculate your debt-to-income ratio using the full PITI (Principal, Interest, Taxes, Insurance), and Ellisburg's current combined town, county, and school tax rate should be factored in early during your pre-approval process.
What types of properties in Ellisburg might have unique mortgage appraisal challenges?
Given Ellisburg's rural setting, you may encounter unique properties like older farmhouses, homes on large parcels of land, or properties with agricultural outbuildings. Appraisals for these non-standard properties can be more complex, as finding comparable sales in a low-volume market can be difficult, potentially affecting the loan-to-value ratio and requiring a lender experienced with rural appraisals.
Are mortgage rates different in Ellisburg, NY, compared to larger cities in the state?
Mortgage rates are primarily set by national markets and your personal credit profile, not your specific town. However, Ellisburg's location means you'll likely be working with a regional bank, credit union, or a mortgage broker who sources loans from lenders familiar with upstate New York, which can offer competitive terms. Local lenders may have special programs for the North Country region.
What should I know about well and septic inspections when getting a mortgage for an Ellisburg home?
Many homes in Ellisburg are not connected to municipal water and sewer. Most mortgage programs, including conventional, FHA, and USDA loans, require a satisfactory potability test for well water and a passing inspection or certification for the septic system. The cost and responsibility for these required inspections typically fall on the buyer, so you should budget for them during your due diligence period.
Nearby Cities
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Why Choose a Mortgage Lender in Ellisburg?
Local Market Knowledge
Lenders who understand Ellisburg'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 Ellisburg and get competitive rates on your home loan.