The Best Mortgage Lenders in Hollis, NY
Compare verified mortgage lenders serving Hollis, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hollis
Featured Mortgage Lenders
Michael Fiddler
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the top mortgage lenders serving the Hollis area with exceptional customer satisfaction ratings. Their local Queens/Long Island branch provides personalized service with access to a wide variety of loan products. Michael Fiddler and his team are known for their expertise in New York's unique real estate market, offering competitive rates and streamlined processing. They specialize in both purchase and refinance loans with particular strength in conventional and FHA lending for the diverse Hollis community.
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John Kennedy
Freedom Mortgage
Freedom Mortgage has been serving New York homeowners for over 30 years with a strong presence in the Long Island and Queens markets. They are particularly renowned for their FHA and VA loan expertise, offering some of the most competitive rates in the Hollis area. Their local Garden City office provides personalized service while leveraging the resources of a national lender. Customers consistently praise their responsive communication and efficient closing processes, making them a top choice for both first-time homebuyers and experienced investors in the Hollis market.
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Mortgage Specialist
Rocket Mortgage
As America's largest mortgage lender, Rocket Mortgage (formerly Quicken Loans) brings unparalleled digital mortgage expertise to Hollis homebuyers and homeowners. While headquartered in Detroit, they serve the entire New York market with exceptional efficiency and competitive rates. Their fully online platform allows for quick pre-approvals and streamlined processing, complemented by dedicated mortgage specialists available by phone. Despite being a national lender, they maintain strong knowledge of New York's specific mortgage requirements and have consistently high customer satisfaction ratings for their transparent process and competitive pricing.
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Frequently Asked Questions
Common questions about mortgage lending in Hollis, NY
What are typical down payment requirements for homes in Hollis, NY, given the local market?
In Hollis, down payments typically range from 3% for conventional loans to 3.5% for FHA loans, but due to competitive bidding, sellers often favor offers with 20% down. For the median Hollis home price, a 20% down payment helps avoid private mortgage insurance (PMI) and strengthens your offer in this active Queens market.
Are there any specific first-time homebuyer programs or grants available for purchasing in Hollis?
Yes, the State of New York Mortgage Agency (SONYMA) offers several programs, like the Low Interest Rate Program, which can be combined with their Down Payment Assistance Loan. These are available to first-time buyers in Hollis and can provide below-market interest rates and help with closing costs, making homeownership more accessible in this area.
How do property taxes in Hollis, Queens, impact my mortgage qualification and monthly payment?
Hollis has property taxes that are significant but generally lower than some other parts of Long Island. Lenders will include your estimated annual property tax bill (typically 1-1.5% of the home's value) in your debt-to-income ratio calculation, which can affect how much you qualify for. Your monthly mortgage payment will include an escrow portion for these taxes.
What should I know about getting a mortgage for a multi-family home in Hollis?
Hollis has many two-family homes, which are popular for rental income. To finance these, you'll typically need a 15-25% down payment for an investment property loan. Lenders will consider potential rental income (usually 75% of the projected rent) to help you qualify, which is a key strategy for affordability in this market.
Are mortgage rates in Hollis different from the national average, and what local factors influence them?
Mortgage rates in Hollis are primarily set by national markets, but local competition among lenders and the property's location within Queens can cause slight variations. Factors like the age and condition of many Hollis homes (often built mid-20th century) may influence appraisal outcomes and, subsequently, loan terms offered by the lender.
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Why Choose a Mortgage Lender in Hollis?
Local Market Knowledge
Lenders who understand Hollis'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 Hollis and get competitive rates on your home loan.