The Best Mortgage Lenders in Hampton, NY
Compare verified mortgage lenders serving Hampton, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hampton
Featured Mortgage Lenders
Michael J. Dufresne
American Home Lending
American Home Lending is a top-rated regional mortgage broker serving the entire North Country region including Hampton. With nearly two decades of experience, they specialize in personalized service for rural and small-town homebuyers. Their team has exceptional knowledge of USDA rural development loans which are particularly relevant for Hampton area properties. They maintain a perfect 4.9-star rating across multiple review platforms with customers consistently praising their responsiveness, local market expertise, and ability to secure competitive rates for difficult-to-finance rural properties.
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Mortgage Department
Watertown Savings Bank
As the largest community bank serving Jefferson County and surrounding areas including Hampton, Watertown Savings Bank has built an exceptional reputation for mortgage lending over two decades. Their local underwriting and decision-making process allows for faster closings and more personalized service than national lenders. They offer special first-time homebuyer programs and construction loans tailored to the North Country market. With deep roots in the community since 1901, they understand the unique property types and financing needs of rural Upstate New York homes.
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Local Mortgage Team
Guaranteed Rate
Guaranteed Rate's Upstate New York division has established a strong presence serving the North Country region including Hampton. As one of the nation's largest retail mortgage lenders, they combine competitive national rates with local expertise through their Syracuse-based team. They offer a fully digital mortgage experience alongside personalized service, with particular strength in jumbo loans and refinancing. Their 4.7-star rating reflects consistent customer satisfaction with their efficient process and competitive pricing, making them an excellent option for Hampton residents seeking the benefits of a national lender with regional understanding.
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Frequently Asked Questions
Common questions about mortgage lending in Hampton, NY
What are the current mortgage rates like in Hampton, NY, and how do they compare to the national average?
Mortgage rates in Hampton, NY, are typically very close to the national average, as they are driven by broader economic factors. However, your specific rate will depend heavily on your credit profile, loan type, and down payment. It's advisable to get quotes from several local lenders, as some may offer competitive terms for properties in the Hampton area.
Are there any specific down payment assistance programs for first-time homebuyers in Hampton, NY?
Yes, New York State offers the SONYMA (State of New York Mortgage Agency) programs, which are available to eligible first-time homebuyers in Hampton. These include the Low Interest Rate Program and the Achieving the Dream Program, which can provide competitive rates and down payment assistance. You should also check with local credit unions and banks for any community-specific offerings.
How does the seasonal nature of the Hampton real estate market affect the mortgage process?
The Hampton market sees significant seasonal activity, with higher demand and prices in the spring and summer. Applying for a mortgage pre-approval in the off-season (fall/winter) can give you a competitive edge, as lenders may be less busy and you can act quickly when you find a property. Be prepared for potential bidding wars on popular listings during peak seasons, which may require stronger pre-approval letters.
Are jumbo loans common in Hampton, NY, and what should I know about them?
Yes, jumbo loans are very common in Hampton due to the higher median home prices that often exceed conventional loan limits. These loans typically have stricter credit and reserve requirements (often 12-24 months of mortgage payments in liquid assets) and may have slightly higher interest rates. Working with a lender experienced in the Hampton luxury market is crucial for navigating jumbo loan underwriting.
What unique closing costs or taxes should I budget for when getting a mortgage in Hampton, NY?
Beyond standard closing costs, homebuyers in Hampton must budget for New York State's higher-than-average mortgage recording tax and transfer tax. Specifically, Suffolk County (where Hampton is located) has a mortgage recording tax that can add a significant amount to your closing costs. It's essential to have your lender provide a detailed Loan Estimate that includes these local and state-specific fees early in the process.
Nearby Cities
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Why Choose a Mortgage Lender in Hampton?
Local Market Knowledge
Lenders who understand Hampton'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 Hampton and get competitive rates on your home loan.