The Best Mortgage Lenders in Fulton, NY
Compare verified mortgage lenders serving Fulton, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fulton
Featured Mortgage Lenders
Empower Federal Credit Union
Empower Federal Credit Union
As one of Central New York's largest and most established credit unions, Empower FCU has served the Fulton area for decades with exceptional mortgage services. They consistently receive top ratings for their personalized service, competitive rates, and comprehensive loan options. Their mortgage specialists provide one-on-one guidance through the entire homebuying process, with particular expertise in first-time homebuyer programs and local market knowledge. The credit union's not-for-profit structure often results in lower fees and better terms for members.
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Tom Hough
Nerdwallet #1 Mortgage Lender - CrossCountry Mortgage
CrossCountry Mortgage has established a strong presence throughout Central New York, including Fulton, with local mortgage experts like Tom Hough who specialize in the regional market. They're particularly noted for their flexible underwriting, fast closing times, and extensive product portfolio. The company receives consistently excellent reviews for their responsive communication and ability to handle complex financing scenarios. Their local team understands the unique aspects of the Fulton housing market and provides personalized service throughout the mortgage process.
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Michael DeCarlo
Guaranteed Rate
Guaranteed Rate has built an excellent reputation in the Central New York region through local experts like Michael DeCarlo who specifically serve the Fulton area. They're renowned for their digital mortgage platform that streamlines the application process while maintaining personalized service. The company consistently earns top marks for competitive rates, transparent pricing, and efficient closings. Their extensive loan products and expertise in both purchase and refinance transactions make them a top choice for Fulton homebuyers seeking modern mortgage solutions with local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Fulton, NY
Are there any special first-time homebuyer programs available specifically for Fulton, NY?
Yes, the New York State Homes and Community Renewal (HCR) offers the "Achieving the Dream" program, which provides down payment assistance and competitive interest rates for first-time buyers in Oswego County, including Fulton. Additionally, local lenders often have knowledge of community-specific grants or programs aimed at revitalizing certain neighborhoods in Fulton, making homeownership more accessible.
How do property taxes in Fulton, NY, impact my mortgage payments and affordability?
Fulton, located in Oswego County, has a combined city and county property tax rate that is generally considered moderate for New York State, but it's a crucial factor in your monthly payment. When getting pre-approved, lenders will calculate your debt-to-income ratio including these estimated taxes and insurance (PITI). It's wise to consult with a local mortgage broker who can provide precise tax estimates for specific neighborhoods, as rates can vary.
What types of mortgages are most common for buyers in Fulton's current housing market?
Given Fulton's relatively affordable home prices compared to national averages, conventional fixed-rate mortgages are very popular for their stability. However, with many older, historic homes in the area, FHA 203(k) renovation loans are also a common consideration for buyers looking to purchase and rehabilitate a property. USDA loans are a relevant option for eligible homes in the more rural outskirts of the city.
How does Fulton's four-season climate and proximity to Lake Ontario affect the home appraisal and insurance process for a mortgage?
Appraisers in Fulton will pay close attention to the roof, foundation, and drainage due to heavy snowfall and potential moisture from the lake. Mortgage lenders will require proof of homeowners insurance, and you may need to secure additional flood insurance if the property is in a designated flood zone near the Oswego River or Lake Ontario, which can affect your closing costs and monthly escrow.
Are mortgage rates in Fulton, NY, typically different from the national average?
Mortgage rates are primarily set by national markets, so Fulton rates align closely with national averages. However, your final rate will depend on your personal credit profile, loan type, and the specific lender. Working with a local credit union or community bank in Fulton can sometimes provide more competitive rates or favorable terms due to their investment in the local housing market and understanding of area-specific property values.
Nearby Cities
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Why Choose a Mortgage Lender in Fulton?
Local Market Knowledge
Lenders who understand Fulton'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 Fulton and get competitive rates on your home loan.