The Best Mortgage Lenders in Hilton, NY
Compare verified mortgage lenders serving Hilton, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hilton
Featured Mortgage Lenders
ESL Federal Credit Union
ESL Federal Credit Union
As the leading credit union in the Rochester region serving Hilton residents, ESL Federal Credit Union maintains exceptional 4.8-star ratings across multiple platforms for their mortgage services. With over a century of community banking experience, they offer highly competitive rates and personalized service. Their mortgage specialists are known for guiding borrowers through the entire process with transparency and expertise. ESL provides a full range of mortgage products with particularly strong VA and first-time homebuyer programs, and they have multiple branches conveniently located throughout Monroe County.
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NRL Mortgage
NRL Mortgage - Rochester Branch
NRL Mortgage's Rochester branch serves the Hilton area with exceptional 4.9-star ratings and numerous local awards for customer satisfaction. This established mortgage broker offers access to hundreds of loan programs through their extensive lender network, allowing them to find ideal solutions for each borrower's unique situation. They specialize in both purchase and refinance transactions with particularly strong expertise in VA loans and first-time homebuyer programs. Their local team provides personalized service from application through closing, with many reviews highlighting their responsiveness and ability to close loans quickly.
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Guild Mortgage
Guild Mortgage Company - Rochester Office
Guild Mortgage's Rochester office serves Hilton homebuyers with a strong 4.7-star rating and over six decades of national mortgage lending experience. As a top-10 purchase lender in the U.S., they offer comprehensive mortgage solutions with competitive rates and exceptional customer service. Their local team provides personalized guidance through the entire home financing process, with particular expertise in government-backed loans and first-time homebuyer programs. Guild is renowned for their reliable service and ability to close loans on time, with many positive reviews highlighting their professionalism and clear communication throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Hilton, NY
What are the current mortgage rates like in Hilton, NY, and how do they compare to national averages?
Mortgage rates in Hilton, NY, typically align closely with national averages, as they are driven by broader economic factors. However, local lenders may offer competitive rates, especially for borrowers with strong credit profiles. It's advisable to compare offers from both local credit unions, like ESL Federal Credit Union, and national lenders to secure the best rate for your Hilton home purchase.
Are there any specific first-time homebuyer programs available for purchasing a home in Hilton?
Yes, New York State offers the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which provides low-interest mortgages with down payment assistance to eligible first-time buyers in Hilton. Additionally, Monroe County may have local grant programs. Working with a lender familiar with these state and local initiatives is crucial to accessing available assistance.
How does the property tax rate in Hilton impact my mortgage qualification and monthly payment?
Hilton, located in the Town of Parma, has property tax rates that are a significant component of your monthly mortgage payment, as they are escrowed by the lender. Monroe County's property taxes are generally considered moderate for New York State but higher than the national average. Your lender will calculate your debt-to-income ratio including this estimated tax payment, which can affect your purchasing power.
What type of home appraisal considerations are unique to the Hilton, NY, area?
Appraisals in Hilton must account for the local market's mix of historic village homes, newer subdivisions, and rural properties with larger lots. Comparable sales ("comps") are often drawn from Hilton, neighboring Parma, and nearby towns like Spencerport. Appraisers also consider the value of proximity to Lake Ontario and the Oak Orchard Creek, which can influence property values.
For a home in Hilton, should I consider a USDA Rural Development loan, and am I eligible?
Yes, many areas in and around Hilton, NY, are eligible for USDA Rural Development loans, which offer 100% financing. While the village center itself may not qualify, numerous properties in the surrounding Town of Parma do. A local mortgage officer can quickly determine a specific property's eligibility using the USDA's online map, making this a valuable zero-down option for eligible buyers.
Why Choose a Mortgage Lender in Hilton?
Local Market Knowledge
Lenders who understand Hilton'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 Hilton and get competitive rates on your home loan.