The Best Mortgage Lenders in Flushing, NY
Compare verified mortgage lenders serving Flushing, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Flushing
Featured Mortgage Lenders
Michael Chiu
Skyline Financial Corp
Skyline Financial Corp is a highly-rated local mortgage broker serving Flushing and the greater Queens area for over two decades. Specializing in diverse loan programs including FHA, VA, and conventional mortgages, they have built an exceptional reputation for personalized service in the local community. Their bilingual staff and deep understanding of the Flushing real estate market make them a top choice for both first-time homebuyers and experienced investors seeking competitive rates and flexible terms.
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Joseph Farkas
Guardian Mortgage Company, Inc.
Guardian Mortgage has been serving the New York metropolitan area since 1996, with strong presence in Queens and Flushing. As a direct lender with in-house underwriting, they offer competitive rates and efficient processing. Their extensive experience with diverse property types throughout Queens and their commitment to transparent communication have earned them excellent customer reviews. They specialize in both purchase and refinance transactions with a focus on personalized service.
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Brian A. Cicconi
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Queens/Long Island office, led by experienced loan officer Brian Cicconi, provides comprehensive mortgage services to Flushing homebuyers. With access to a wide range of loan products and competitive pricing, they combine national lending power with local market expertise. Their strong customer service record and efficient processing make them a popular choice for Flushing residents seeking reliable mortgage solutions with the backing of a well-established national company.
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Frequently Asked Questions
Common questions about mortgage lending in Flushing, NY
Are there any special first-time homebuyer programs available specifically for Flushing, NY?
Yes, Flushing homebuyers can access several New York State and New York City programs. Key options include the SONYMA Low-Interest Rate Mortgage Program and the NYC Housing Preservation & Development's HomeFirst Down Payment Assistance Program, which can provide up to $100,000 toward a down payment or closing costs for qualifying buyers in eligible areas, some of which include parts of Flushing. It's crucial to work with a lender familiar with these local programs to navigate income limits and property requirements.
How do property types common in Flushing, like co-ops and condos, affect my mortgage options?
Flushing's market is heavily weighted toward co-ops and condos, which have distinct financing rules. Co-op loans (share loans) typically require a larger down payment (often 20-25% minimum) and have stricter board approval processes. Condo mortgages are more traditional but require the building to be on the lender's approved list, which can be a hurdle for newer conversions. Always verify a building's financing eligibility before making an offer.
What are typical closing costs for a mortgage in Flushing, and are there any unique local taxes?
Closing costs in Flushing typically range from 2% to 5% of the purchase price. In addition to standard fees, you must account for New York State and New York City transfer taxes, which can be significant. The NYC Real Property Transfer Tax (RPTT) applies on properties over $25,000, and for properties over $1 million, there is an additional "Mansion Tax" (NY State Transfer Tax) that starts at 1% and scales upward, which is relevant for Flushing's higher-priced homes.
How does the competitive and fast-paced real estate market in Flushing impact the mortgage pre-approval process?
In Flushing's highly competitive market, a standard pre-qualification is not enough. Sellers expect a fully underwritten pre-approval from a reputable local lender. This involves a thorough credit and financial check, making your offer much stronger. Given the prevalence of all-cash buyers, having your financing fully vetted and being prepared for a quick closing (often 30-45 days) is essential to have your offer considered seriously.
Are there specific lenders or banks in Flushing that specialize in serving the diverse community and non-traditional income documentation?
Absolutely. Many local community banks and credit unions in Flushing, as well as specialized mortgage brokers, have extensive experience working with the area's diverse immigrant and self-employed populations. They often offer programs or have expertise in underwriting loans for borrowers with non-W2 income, such as those who receive overseas gifts for down payments or who have income from cash-based businesses, ensuring your financial profile is evaluated fairly.
Nearby Cities
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Why Choose a Mortgage Lender in Flushing?
Local Market Knowledge
Lenders who understand Flushing'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 Flushing and get competitive rates on your home loan.