The Best Mortgage Lenders in Garrison, NY
Compare verified mortgage lenders serving Garrison, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Garrison
Featured Mortgage Lenders
Michael J. Carr
Hudson Valley Federal Credit Union
As one of the most established financial institutions in the Hudson Valley region, HVFCU has been serving Putnam County residents for decades with exceptional mortgage services. Their local branch network and deep community roots make them particularly well-suited for Garrison homebuyers. They offer highly competitive rates for members and provide personalized service with local loan officers who understand the unique Westchester/Putnam County real estate market. Their extensive experience with both primary residences and vacation properties in the Hudson Valley area makes them an ideal choice for Garrison's diverse housing needs.
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John A. Simone
Tompkins Mahopac Bank
Tompkins Mahopac Bank has been a cornerstone of Putnam County banking for over 130 years, with deep roots in serving the Garrison community. Their mortgage team specializes in the unique needs of Hudson Valley homebuyers, offering local underwriting and decision-making that benefits Garrison residents. They're particularly known for their construction and renovation loans, which are valuable in Garrison's market of historic and custom-built properties. The bank maintains strong relationships with local real estate professionals and offers competitive jumbo loan options suitable for the area's higher-priced homes.
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Robert T. Morrison
Wells Fargo Home Mortgage - Hudson Valley
Wells Fargo maintains a strong presence in the Hudson Valley region with dedicated mortgage specialists serving Putnam County, including Garrison. Their extensive product portfolio and national lending capabilities are complemented by local expertise in the Westchester/Putnam market. They offer particularly competitive jumbo loan rates and have specialized programs for high-net-worth clients, which aligns well with Garrison's luxury property market. Their digital mortgage application process combined with local relationship managers provides both convenience and personalized service for Garrison homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Garrison, NY
Are there specific mortgage considerations for buying a historic or older home in Garrison, NY?
Yes, many homes in Garrison's historic districts or rural properties are older. Lenders may require specialized inspections (like septic, well, or structural) and could mandate escrow holds for repairs. You might also explore renovation loans like the FHA 203(k) to finance both purchase and updates, which is common for updating historic Hudson Valley properties.
What down payment assistance or first-time homebuyer programs are available specifically in Garrison/Putnam County?
The New York State Homes and Community Renewal (HCR) offers programs like the Achieving the Dream and HomeFirst Down Payment Assistance, available statewide including Putnam County. Additionally, the SONYMA Low Interest Rate Mortgage program can be beneficial, but you must work with a participating lender and meet income limits for the area.
How do property types like homes with acreage or waterfront on the Hudson River affect mortgage lending in Garrison?
Non-standard properties (e.g., large acreage, waterfront) can be considered "unique" by lenders, potentially requiring appraisers with specific expertise, which can lengthen the process. Jumbo loans are more common for high-value riverfront estates, and lenders may have stricter requirements on the usable land value and property condition.
Are mortgage rates typically higher in Garrison compared to more urban parts of New York?
Not necessarily due to location, as rates are set nationally. However, for very high-value loans (jumbo loans) common in Garrison's luxury market, rates can differ. The primary local factor is that limited local lender competition might mean fewer in-person options, but online and regional lenders offer competitive rates for the area.
What should I know about property taxes and insurance when calculating my mortgage payment in Garrison?
Putnam County property taxes are a significant component. Your lender will escrow for taxes, which are historically high in NY but vary by assessment in Garrison. Also, due to the rural and wooded setting, lenders will require proof of adequate homeowners insurance, which may need to include coverage for wells, septic systems, and possibly flood insurance for low-lying or river-adjacent parcels.
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Why Choose a Mortgage Lender in Garrison?
Local Market Knowledge
Lenders who understand Garrison'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 Garrison and get competitive rates on your home loan.