The Best Mortgage Lenders in Hicksville, NY
Compare verified mortgage lenders serving Hicksville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hicksville
Featured Mortgage Lenders
Bethpage Federal Credit Union
Bethpage Federal Credit Union
As one of Long Island's largest and most trusted credit unions, Bethpage Federal Credit Union has been serving the Hicksville community and surrounding Nassau County for over eight decades. They consistently receive exceptional ratings for their competitive mortgage rates, personalized service, and deep community roots. Their mortgage specialists provide comprehensive guidance through the entire home financing process, with particular expertise in first-time homebuyer programs and local market knowledge that makes them a top choice for Hicksville residents.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established a strong presence throughout Long Island with multiple local offices serving the Hicksville area. They are particularly noted for their exceptional customer service ratings and flexible mortgage solutions. The company specializes in navigating complex financial situations and offers a wide array of loan products with competitive rates. Their local mortgage advisors have extensive knowledge of the Nassau County real estate market and provide personalized attention throughout the lending process.
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Wells Fargo Home Mortgage
Wells Fargo Bank, N.A.
With a physical branch location just minutes from Hicksville in Bethpage, Wells Fargo provides comprehensive mortgage services to the local community. As one of the nation's largest mortgage lenders, they offer competitive rates and a wide range of loan options while maintaining strong local presence. Their experienced mortgage consultants specialize in Long Island's unique housing market and provide dedicated support through the entire home financing process. The company's extensive resources and digital tools make the mortgage application process streamlined and accessible for Hicksville homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Hicksville, NY
Are there any special mortgage programs for first-time homebuyers in Hicksville, NY?
Yes, Hicksville homebuyers can access several New York State programs, including the SONYMA Achieving the Dream loan, which offers competitive interest rates and down payment assistance. Additionally, Nassau County offers its own Homeownership Program for first-time buyers, which can provide down payment and closing cost assistance, making it easier to afford a home in the area's competitive market.
How do property taxes in Hicksville impact my mortgage qualification and monthly payment?
Hicksville, located in the Town of Oyster Bay, has notably high property taxes, which are a significant component of your monthly escrow payment. Lenders will factor these taxes into your debt-to-income ratio, potentially reducing the loan amount you qualify for. It's crucial to get an accurate tax estimate early in your home search to budget correctly.
What is the typical down payment needed for a condo or co-op in Hicksville compared to a single-family home?
For a single-family home in Hicksville, a 20% down payment is common to avoid private mortgage insurance (PMI), though some loans allow as little as 3-5%. For condos, lenders often require a minimum of 10% down, and for co-ops (less common in Hicksville but in surrounding areas), requirements can be even stricter, sometimes 20-30%, due to the underlying cooperative loan structure.
Does Hicksville's location near the LIRR station affect mortgage appraisals or lending?
Yes, proximity to the Hicksville LIRR station, a major transit hub, is generally viewed positively by appraisers and lenders, as it enhances property value and marketability due to the easy commute to NYC. However, lenders will also assess if the property is too close to the tracks, as immediate adjacency could raise concerns about noise that might slightly impact value.
Are there specific lenders or credit unions in Hicksville that offer unique advantages for local borrowers?
Local institutions like Bethpage Federal Credit Union (headquartered nearby) and NEFCU often have deep knowledge of the Hicksville market and may offer special relationship discounts or community-focused loan programs. They can sometimes provide more personalized underwriting for unique properties common in the area's diverse housing stock.
Why Choose a Mortgage Lender in Hicksville?
Local Market Knowledge
Lenders who understand Hicksville'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 Hicksville and get competitive rates on your home loan.