The Best Mortgage Lenders in Fishers, NY
Compare verified mortgage lenders serving Fishers, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fishers
Featured Mortgage Lenders
Tompkins Community Bank Mortgage Team
Tompkins Community Bank
Tompkins Community Bank is a highly-rated regional financial institution with deep roots in the Finger Lakes region and strong presence serving the Fishers area. With over 185 years of operation, they offer personalized mortgage services through local loan officers who understand the Upstate New York market. Their mortgage team receives exceptional reviews for responsive communication, competitive rates, and guiding borrowers through the entire process. They specialize in first-time homebuyer programs and offer a wide range of loan products with local underwriting decisions.
Loan Types:
NEXA Mortgage
NEXA Mortgage, LLC
NEXA Mortgage operates as a nationwide mortgage broker with licensed loan officers serving the Fishers, NY area. They maintain exceptional 4.9-star ratings across multiple platforms for their extensive loan product access and competitive pricing. As a mortgage broker, they work with multiple lenders to find the best rates and terms for each borrower's unique situation. Their experienced loan officers provide personalized service with rapid pre-approvals and streamlined processing. Customers consistently praise their transparency, communication, and ability to close loans efficiently.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has a strong Rochester-area presence and serves clients throughout the Fishers community. With nearly 30 years in business, they've built a reputation for exceptional customer service and competitive loan products. Their local loan officers have extensive experience with the Upstate New York housing market and provide personalized guidance through the mortgage process. They offer innovative technology for easy application tracking and have received numerous industry awards for customer satisfaction and operational excellence.
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Frequently Asked Questions
Common questions about mortgage lending in Fishers, NY
What are the current mortgage rates like in Fishers, NY, and how do they compare to the national average?
Mortgage rates in Fishers, NY, are generally aligned with national averages but can be influenced by the competitive Rochester-area market and Monroe County's economic conditions. As of recent trends, rates may be slightly more favorable for borrowers with strong credit due to the stability of the local market. It's always best to get quotes from multiple local lenders, as they may offer specific promotions or have different pricing for properties in this specific suburb.
Are there any special down payment assistance programs for first-time homebuyers in Fishers?
Yes, first-time homebuyers in Fishers can access programs through the New York State Homes and Community Renewal (HCR), such as the Achieving the Dream Program, which offers down payment assistance. Additionally, the Monroe County HOME Program provides assistance to eligible buyers in the county, including Fishers. These programs often have income limits and require homebuyer education, so consulting with a local HUD-approved counseling agency is a crucial first step.
How does the property tax rate in Fishers, NY, impact my mortgage affordability and monthly payment?
Property taxes in the Town of Victor (where Fishers is located) are a significant component of your monthly mortgage payment, as they are typically escrowed. Monroe County and the Victor Central School District have specific rates that contribute to the total tax burden. When getting pre-approved, lenders will factor in these estimated taxes, which are historically higher than the national average, so it's essential to budget accordingly and not just focus on the home's sale price.
What type of home appraisal challenges are common in Fishers, given its mix of newer developments and older properties?
Appraisals in Fishers can present challenges due to its diverse housing stock, ranging from historic homes near the hamlet center to new construction in subdivisions. For unique or older properties, finding comparable recent sales ("comps") can be difficult, potentially affecting the appraised value. For new builds, appraisers must ensure the contract price aligns with the value of similar completed homes in the area. Working with a lender familiar with the Victor/Fishers market can help navigate this process.
Are there specific mortgage considerations for buying a home in a Fishers homeowners association (HOA)?
Yes, many newer developments in Fishers have active HOAs. Lenders will require a review of the HOA's covenants, financials, and insurance as part of the loan approval process. They need to ensure the HOA is well-managed and adequately funded, as special assessments or high delinquency rates among owners can affect your loan eligibility. The monthly HOA fee will also be included in your total debt-to-income ratio calculation, impacting how much home you can qualify for.
Why Choose a Mortgage Lender in Fishers?
Local Market Knowledge
Lenders who understand Fishers'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 Fishers and get competitive rates on your home loan.