The Best Mortgage Lenders in Highland Falls, NY
Compare verified mortgage lenders serving Highland Falls, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Highland Falls
Featured Mortgage Lenders
Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union is one of the most highly-rated mortgage lenders serving the Highland Falls area, with exceptional customer satisfaction ratings and deep community roots. As a local credit union, they offer personalized service and competitive rates, particularly strong in VA loans given their proximity to West Point Military Academy. Their mortgage specialists provide comprehensive guidance through the entire home buying process with flexible loan options and local underwriting decisions.
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Tom Baird
Tom Baird - CrossCountry Mortgage
Tom Baird with CrossCountry Mortgage is a top-rated local mortgage expert specifically serving the Highland Falls and West Point communities. With nearly perfect customer ratings, he specializes in military and VA lending while offering a full range of mortgage products. His deep knowledge of the local market and dedication to client education makes him exceptionally popular among homebuyers in the area, with numerous reviews highlighting his responsiveness and ability to close loans efficiently.
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Orange County Trust Company
Orange County Trust Company
Orange County Trust Company is a well-established community bank with strong presence throughout the Hudson Valley region, including dedicated service to Highland Falls residents. They combine the personalized approach of a local bank with comprehensive mortgage expertise, offering competitive rates and flexible terms. Their mortgage team is known for providing straightforward guidance and maintaining long-term relationships with clients, with particular strength in construction lending and conventional mortgage products for the local market.
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Frequently Asked Questions
Common questions about mortgage lending in Highland Falls, NY
Are there any special mortgage considerations for buying a home near the U.S. Military Academy at West Point in Highland Falls?
Yes, proximity to West Point can influence the mortgage process. Many lenders are familiar with VA loans and military relocations, which are common here. Additionally, some lenders may offer specialized programs or have experience with the unique appraisal considerations for homes in this historic, security-adjacent area.
What are typical down payment assistance programs available for first-time homebuyers in Highland Falls, NY?
Highland Falls buyers can access state-wide New York programs like the SONYMA Achieving the Dream loan, which offers down payment assistance and competitive rates. Orange County also offers the HOME Program, providing forgivable grants for down payment and closing costs to eligible first-time buyers purchasing within the county, including Highland Falls.
How do property taxes in Highland Falls impact mortgage qualification and monthly payments?
Property taxes in the Town of Highlands (which includes Highland Falls) are a significant factor, with rates higher than the national average. Lenders will carefully calculate your debt-to-income ratio including these taxes, often making the "PITI" (Principal, Interest, Taxes, Insurance) payment higher than expected. It's crucial to get a precise tax estimate before determining your budget.
Are jumbo loans common in the Highland Falls housing market, and what are the requirements?
While most homes in Highland Falls fall within conventional loan limits, some properties, especially those with historic value or larger estates, may require jumbo financing. Jumbo loan requirements here are typically strict, often requiring excellent credit (720+), a larger down payment (often 20-25%), and significant cash reserves due to the higher loan amounts.
Does the historic nature of some Highland Falls homes affect the mortgage appraisal and inspection process?
Absolutely. Purchasing a historic or older home in the village can lead to a more complex appraisal. Lenders may require specialized inspections for older systems (like plumbing, electrical, or heating), and any needed repairs flagged by the appraiser must often be addressed before loan closing, which can impact the timeline and loan conditions.
Nearby Cities
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Why Choose a Mortgage Lender in Highland Falls?
Local Market Knowledge
Lenders who understand Highland Falls'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 Falls and get competitive rates on your home loan.