The Best Mortgage Lenders in Highland, NY
Compare verified mortgage lenders serving Highland, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Highland
Featured Mortgage Lenders
Michael DePietro
Homestead Funding Corp.
Homestead Funding Corp. is a highly-rated regional mortgage lender with a strong presence throughout the Hudson Valley, including serving Highland homeowners. With nearly three decades of experience, they've built an exceptional reputation for personalized service and competitive rates. Their local expertise in Ulster County real estate markets, combined with their comprehensive loan programs and dedicated local loan officers, makes them a top choice for Highland residents. They consistently receive outstanding reviews for their transparency, communication throughout the loan process, and ability to close loans efficiently.
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Rondout Valley Branch
Hudson Valley Credit Union
Hudson Valley Credit Union has been serving the Highland community and surrounding Ulster County areas for decades as a trusted local financial institution. While founded earlier than the specified range, their mortgage division maintains contemporary lending practices with exceptional customer satisfaction ratings. They offer competitive rates for members and non-members alike, with particular strength in first-time homebuyer programs and local construction loans. Their deep community roots and understanding of the Highland market, combined with their not-for-profit structure, provide significant value to borrowers in the area.
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Chris Gallo
Trustco Bank
Trustco Bank operates multiple branches throughout the Hudson Valley and maintains a strong lending presence in Highland and surrounding Ulster County communities. While the bank itself has over a century of history, their mortgage division has evolved to offer modern lending solutions with traditional community bank service. They receive consistently high marks for their local decision-making authority, competitive conventional loan products, and personalized approach to mortgage lending. Their construction-to-permanent loan programs are particularly well-regarded in the growing Highland market, and their local loan officers have extensive knowledge of area property values.
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Frequently Asked Questions
Common questions about mortgage lending in Highland, NY
What are the current mortgage rates like in Highland, NY, and how do they compare to the national average?
Mortgage rates in Highland, NY, are generally aligned with national averages but can be influenced by local lender competition and property types. For a standard 30-year fixed-rate mortgage, rates often fall within 0.125% to 0.25% of the national average. It's advisable to compare offers from local credit unions like Hudson Valley Credit Union as well as national lenders, as they may have special programs for the Mid-Hudson Valley region.
Are there any special down payment assistance programs for first-time homebuyers in Highland?
Yes, first-time homebuyers in Highland can access the **SONYMA Low Interest Rate Program** and the **SONYMA Achieving the Dream Program**, which offer competitive rates and down payment assistance. Additionally, the Ulster County Home Ownership Program may provide forgivable loans for down payment and closing costs to eligible buyers, making homeownership more accessible in the area.
How does the seasonal market in Highland affect the mortgage pre-approval and buying timeline?
The Highland real estate market sees increased activity in spring and summer, with more listings but also more competition. Getting pre-approved for a mortgage before this peak season is crucial to make competitive offers. In the quieter fall and winter months, you may have more negotiating power, but the timeline from offer to closing can be slightly longer due to holiday schedules and potential weather-related appraisal delays.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Highland?
Property taxes in the Town of Lloyd (where Highland is located) are a significant component of your monthly escrow payment, with rates typically around $30-$35 per $1,000 of assessed value. You must also factor in flood insurance if your prospective home is near the Hudson River or Wallkill River, as standard homeowners insurance may not cover flood damage, and this can affect your total debt-to-income ratio for loan qualification.
Are there specific mortgage considerations for buying a historic home or a property in Highland's older neighborhoods?
Yes, purchasing a historic or older home in areas like downtown Highland may require a specialized appraisal and a thorough inspection for issues like outdated wiring, plumbing, or foundations. Some lenders may have stricter requirements for these properties, and you might need to budget for potential repairs upfront. It's wise to work with a lender experienced in older homes common throughout the Hudson Valley.
Nearby Cities
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Why Choose a Mortgage Lender in Highland?
Local Market Knowledge
Lenders who understand Highland'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 Highland and get competitive rates on your home loan.