The Best Mortgage Lenders in Groveland, NY
Compare verified mortgage lenders serving Groveland, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Groveland
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its exceptional customer service, competitive rates, and efficient loan processing. With a strong local presence in the Rochester area, they serve Groveland and surrounding communities, offering personalized solutions and a wide range of loan products. Their high ratings and extensive experience make them a top choice for homebuyers seeking reliability and expertise.
Loan Types:
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage provides tailored mortgage solutions with a focus on customer satisfaction and local expertise. They have a robust presence in Western New York, including Groveland, and are known for their responsive service, competitive rates, and comprehensive loan options. Their strong review history and years of experience highlight their commitment to helping clients achieve their homeownership goals.
Loan Types:
Movement Mortgage, LLC
Movement Mortgage, LLC
Movement Mortgage is praised for its innovative online tools and dedicated local loan officers who serve the Groveland area. They offer competitive rates, a streamlined application process, and a variety of loan products, backed by strong customer reviews and a focus on community engagement. Their national reach combined with local support ensures reliable and efficient service for homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Groveland, NY
What are the typical down payment requirements for homes in Groveland, NY, given its rural setting?
While standard loans often require 3-5% down, many Groveland properties, especially those on larger lots or with acreage, may be considered "non-warrantable" by some lenders, potentially requiring 10-20% down. It's crucial to work with a lender experienced in rural Livingston County properties to navigate appraisal and loan type requirements specific to the area.
Are there any special mortgage programs for first-time homebuyers in Livingston County that I can use in Groveland?
Yes, the New York State Homes and Community Renewal (HCR) offers the Achieving the Dream program, which provides down payment assistance and competitive rates for first-time buyers in Livingston County. Additionally, the USDA Rural Development loan is a key program for Groveland, offering 100% financing with no down payment for eligible borrowers and properties, making it highly relevant for this area.
How do property taxes in Groveland impact my mortgage qualification and monthly payment?
Property taxes in the Town of Groveland and the Genesee Valley Central School District are a significant factor. Livingston County has relatively high effective tax rates, which lenders will include in your debt-to-income ratio. You should budget for an escrow payment that may add several hundred dollars to your monthly mortgage payment compared to areas with lower taxes.
What should I know about getting a mortgage for a home with land or agricultural potential in Groveland?
Financing a property with several acres requires a lender familiar with rural underwriting. A standard conforming loan may only cover 1-10 acres; beyond that, you might need a specialized agricultural or land loan. The property's classification (residential vs. agricultural) will significantly affect the available loan programs, interest rates, and down payment requirements.
Are mortgage rates in Groveland, NY, different from the national average?
Mortgage rates are primarily set by national markets, so they are generally consistent. However, your final rate can be influenced by local factors like the availability of appraisers (which may carry a slight premium in rural areas) and the specific lender's familiarity with the Groveland market. Shopping with local credit unions or regional banks in Western New York can sometimes yield more competitive terms for these property types.
Nearby Cities
Explore mortgage lenders in cities near Groveland, NY
Why Choose a Mortgage Lender in Groveland?
Local Market Knowledge
Lenders who understand Groveland'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 Groveland and get competitive rates on your home loan.