The Best Mortgage Lenders in Glen Head, NY
Compare verified mortgage lenders serving Glen Head, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Glen Head
Featured Mortgage Lenders
Michael D'Ambrosio
CrossCountry Mortgage
Michael D'Ambrosio at CrossCountry Mortgage is one of the highest-rated mortgage professionals serving the Glen Head area, with nearly two decades of experience in Long Island real estate. His team specializes in personalized mortgage solutions for Nassau County homebuyers, offering competitive rates on conventional, jumbo, and government-backed loans. With exceptional customer reviews highlighting his responsiveness and expertise in complex transactions, he maintains a 4.9-star rating across multiple platforms and has built a strong reputation for guiding clients through the entire mortgage process with clarity and professionalism.
Loan Types:
Ross Mortgage Corp
Ross Mortgage Corp
As a locally owned and operated mortgage lender with their main office right in Glen Head, Ross Mortgage Corp brings nearly three decades of specialized experience serving the North Shore communities. This family-run business has deep roots in the area and offers personalized service with the flexibility of a local broker combined with access to numerous lending partners. They excel in complex jumbo loan scenarios common in the affluent Glen Head market and are particularly noted for their construction lending expertise. Their long-standing community presence and commitment to client education make them a trusted choice for local homebuyers.
Loan Types:
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate brings national lending power with strong local presence through their Garden City office, which actively serves the Glen Head community. As one of the largest retail mortgage lenders in the U.S., they offer competitive rates and a streamlined digital mortgage experience while maintaining personalized local service. Their extensive product portfolio includes specialized jumbo loans well-suited for the Glen Head market, and they're particularly recognized for their efficient processing and closing timelines. With thousands of positive reviews nationwide and multiple industry awards, they combine technological innovation with expert guidance for a comprehensive mortgage experience.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Glen Head, NY
What are the typical down payment requirements for homes in Glen Head, given its higher-than-average home prices?
Due to Glen Head's premium North Shore market, where median home prices often exceed $1.5 million, a standard 20% down payment is strongly recommended to avoid costly private mortgage insurance (PMI). For a conforming loan, this can mean a down payment of $300,000 or more. Jumbo loans are common here and may require 20-30% down, with some lenders requiring additional reserves.
Are there any local or Nassau County programs to assist with down payments or closing costs for first-time homebuyers in Glen Head?
While Glen Head itself doesn't have a specific program, eligible first-time homebuyers can access the **NYS Homes and Community Renewal (HCR) programs**, which offer down payment assistance and competitive rates. However, income limits for these programs may be restrictive given Glen Head's high household incomes, so consulting with a local mortgage broker familiar with state-wide and county-specific options is crucial.
How do property taxes in Glen Head impact mortgage qualification and monthly payments?
Glen Head, part of the North Shore School District, has some of the highest property taxes in Nassau County, often ranging from $15,000 to $30,000+ annually. Lenders will include this significant escrow payment in your debt-to-income (DTI) ratio, which can substantially reduce the loan amount you qualify for. It's essential to budget for taxes as a major component of your total monthly housing cost.
Is it common to use jumbo loans in Glen Head, and how do their rates compare to conforming loans?
Yes, jumbo loans are extremely common in Glen Head as most home prices exceed the conforming loan limit (currently $1,149,825 for Nassau County). While jumbo loan rates were historically higher, they are currently very competitive with, and sometimes even lower than, conforming rates. However, they come with stricter credit and reserve requirements, often needing 12-24 months of mortgage payments in liquid assets after closing.
What local considerations should I be aware of regarding flood zones and insurance when getting a mortgage in Glen Head?
Several areas in Glen Head, particularly those near Hempstead Harbor or inland waterways, are in FEMA-designated flood zones (usually Zone AE). If your property is in a Special Flood Hazard Area, your lender will **require** flood insurance as a condition of the mortgage, adding a significant annual cost ($1,500-$5,000+). Always review the property's FEMA flood map designation during your due diligence period.
Nearby Cities
Explore mortgage lenders in cities near Glen Head, NY
Why Choose a Mortgage Lender in Glen Head?
Local Market Knowledge
Lenders who understand Glen Head'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 Glen Head and get competitive rates on your home loan.