The Best Mortgage Lenders in Hastings On Hudson, NY
Compare verified mortgage lenders serving Hastings On Hudson, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hastings On Hudson
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage stands out as a top-rated mortgage lender serving Hastings On Hudson with exceptional customer satisfaction ratings. With over two decades of experience, they offer personalized service and competitive rates across all loan types. Their local Scarsdale office provides convenient access for Westchester County homeowners, and they're particularly noted for their expertise in jumbo loans which are common in the higher-priced Westchester market. The company maintains an A+ BBB rating and has built a strong reputation for transparent communication and efficient loan processing.
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GuardHill Financial Corp.
GuardHill Financial Corporation
GuardHill Financial has been serving the New York metropolitan area for over 25 years, including Hastings On Hudson and Westchester County. They specialize in complex mortgage scenarios and offer particularly competitive jumbo loan products that are essential in the Westchester market. With their Manhattan headquarters and extensive experience with New York state lending regulations, they provide sophisticated financial solutions while maintaining personalized service. Their team includes seasoned mortgage professionals who understand the unique aspects of Westchester County real estate transactions.
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Better Mortgage
Better Holdco, Inc.
Better Mortgage brings a modern, technology-driven approach to mortgage lending while maintaining strong service throughout New York state, including Hastings On Hudson. While headquartered in Manhattan, they serve the entire Westchester County area with competitive rates and a streamlined digital process. They're particularly strong for refinancing and offer rate guarantee programs. Better is known for their transparent fee structure and commitment to closing loans quickly, often within 30 days. Their extensive review base demonstrates consistent customer satisfaction across thousands of transactions in the New York market.
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Frequently Asked Questions
Common questions about mortgage lending in Hastings On Hudson, NY
What are the typical down payment requirements for homes in Hastings-on-Hudson, given its higher-than-average Westchester County prices?
For the median-priced home in Hastings-on-Hudson, which often exceeds $1 million, a standard 20% down payment is common to avoid private mortgage insurance (PMI). However, for more affordable properties, lenders may offer conventional loans with as little as 5% down, and FHA loans with 3.5% down are also an option for qualifying buyers, though they are less common in this market. Jumbo loans, frequently needed here, often require 10-20% down.
Are there any local or county-specific first-time homebuyer programs available in Hastings-on-Hudson?
Yes, the **Westchester County Homeownership Program** offers down payment and closing cost assistance to eligible first-time buyers in Hastings-on-Hudson, which can be a grant of up to $25,000. Additionally, the **New York State Homes and Community Renewal (HCR)** offers programs like the Achieving the Dream and FHA Plus, which provide competitive rates and down payment assistance, crucial for entering this expensive market.
How do property taxes in Hastings-on-Hudson impact mortgage qualification and monthly payments?
Hastings-on-Hudson has significant property taxes, often ranging from $20,000 to $40,000+ annually. Lenders will include 1/12th of the annual tax bill in your monthly mortgage escrow payment, which substantially increases your total monthly obligation. This high tax burden is a critical factor in debt-to-income (DTI) ratio calculations, often limiting the loan amount for which you can qualify compared to areas with lower taxes.
What should I know about getting a mortgage for a historic home in Hastings-on-Hudson's established neighborhoods?
Financing a historic or older home in Hastings may require special considerations. Lenders might order a more thorough inspection and could have stricter appraisal requirements. You may also need to budget for higher insurance costs and potential repairs that could be flagged during underwriting. It's advisable to work with a lender experienced in Westchester's older housing stock to navigate any unique conditions or preservation covenants.
How competitive is the mortgage rate environment for jumbo loans in Hastings-on-Hudson, and where can I find them?
Jumbo loans (exceeding $1,149,825 in 2024 for Westchester County) are very common in Hastings. Rates for these loans can sometimes be competitive with or even lower than conforming rates, but they require excellent credit (often 740+) and strong financial reserves. Local banks and credit unions with a strong presence in Westchester, as well as national lenders specializing in high-balance loans, are typically the best sources for competitive jumbo products.
Nearby Cities
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Why Choose a Mortgage Lender in Hastings On Hudson?
Local Market Knowledge
Lenders who understand Hastings On Hudson'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 Hastings On Hudson and get competitive rates on your home loan.