The Best Mortgage Lenders in Fillmore, NY
Compare verified mortgage lenders serving Fillmore, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fillmore
Featured Mortgage Lenders
ESL Federal Credit Union Mortgage Department
ESL Federal Credit Union
As one of the most highly-rated credit unions in Western New York, ESL Federal Credit Union has been serving the region for over a century with exceptional mortgage services. They consistently receive top marks for customer satisfaction, competitive rates, and personalized service. Their extensive branch network throughout the Rochester area and surrounding counties, including Allegany County where Fillmore is located, makes them easily accessible to local residents. ESL is particularly praised for their knowledgeable loan officers who guide borrowers through the entire process with transparency and expertise.
Loan Types:
NEO Home Loans
NEO Home Loans
NEO Home Loans is a highly-regarded regional mortgage lender with a strong presence throughout Western New York, including service to rural communities like Fillmore. They have built an exceptional reputation for their competitive rates, streamlined application process, and outstanding customer service. Specializing in both traditional and government-backed loans, they excel at helping borrowers in rural areas navigate USDA loans and other programs suited for the Fillmore region. Their team of experienced mortgage professionals is known for providing personalized attention and expert guidance.
Loan Types:
CrossCountry Mortgage - Rochester
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established a strong local presence in the Rochester region with a dedicated team serving Western New York communities including Fillmore. As a nationwide lender with local expertise, they offer the best of both worlds: competitive national rates combined with personalized local service. Their Rochester branch receives consistently high marks for their responsive communication, efficient processing, and wide range of loan products. They have particular expertise in helping rural homebuyers and are well-versed in the specific needs of the Fillmore area market.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Fillmore, NY
What are the typical down payment requirements for homes in Fillmore, NY, given its rural market?
In Fillmore's rural Allegany County market, many lenders still offer conventional loans with a 3% down payment for qualified buyers. For USDA loans, which are highly relevant here due to the area's rural designation, eligible buyers can purchase with 0% down. Local lenders are familiar with property types in the area, from village homes to acreage, and can advise on the best program for your specific property.
Are there any special first-time homebuyer programs or grants available specifically in Fillmore, NY?
Yes, New York State's SONYMA (State of New York Mortgage Agency) offers several low-interest loan programs with down payment assistance, accessible to buyers in Fillmore. Additionally, the Allegany County Community Development office may have information on local grants or programs. Working with a lender experienced in these state programs is crucial to navigate the requirements and combine them effectively.
How does the appraisal process work for a unique or older property in Fillmore, given its historic and rural character?
Appraising older homes or properties with significant land in Fillmore requires an appraiser with local expertise, as comparable sales can be sparse. Lenders will order an appraisal from someone familiar with Allegany County's unique market. It's important to be prepared for the appraisal to consider factors like well and septic systems, which are common, and the value of outbuildings or usable land.
What type of mortgage rates can I expect in Fillmore, NY, compared to the national average?
Mortgage rates in Fillmore generally align with national averages, as they are set by broader financial markets. However, your specific rate will depend heavily on your credit profile, loan type, and down payment. Local credit unions, like the Allegany County Federal Credit Union, sometimes offer competitive rates or special programs for county residents, so it's worth checking with them alongside national lenders.
Is a USDA Rural Development loan a good option for buying in Fillmore, and what are the property eligibility requirements?
A USDA loan is an excellent and popular option for Fillmore, as the entire area is eligible for the USDA's 100% financing program. The property must be located in a designated rural area (which Fillmore is) and be your primary residence. Income limits apply, but for a household in Allegany County, these limits are typically generous enough to include many buyers seeking the area's affordable housing.
Why Choose a Mortgage Lender in Fillmore?
Local Market Knowledge
Lenders who understand Fillmore'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 Fillmore and get competitive rates on your home loan.