The Best Mortgage Lenders in Holtsville, NY
Compare verified mortgage lenders serving Holtsville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Holtsville
Featured Mortgage Lenders
Michael D'Ambrosio
Bethpage Federal Credit Union
Bethpage Federal Credit Union stands as one of Long Island's most trusted mortgage lenders with a strong physical presence in Holtsville. As New York's largest state-chartered credit union, they offer highly competitive rates and personalized service. Their mortgage team provides comprehensive guidance through the entire home financing process, with particular expertise in first-time homebuyer programs and local market knowledge. Members consistently praise their transparent pricing, responsive communication, and smooth closing processes.
Loan Types:
Joseph Ficalora
New York Community Bank (Flagstar Bank)
With deep roots in the New York metropolitan area, New York Community Bank (operating as Flagstar Bank) brings extensive mortgage expertise to Holtsville homeowners. They offer a wide array of loan products with competitive rates and have particular strength in portfolio lending and non-conventional loans. Their local underwriting teams understand the unique aspects of the Suffolk County housing market, and customers frequently highlight their efficient processing and knowledgeable loan officers who provide clear explanations throughout the mortgage process.
Loan Types:
Brian A. D'Agostino
Family First Funding LLC
Family First Funding has established an exceptional reputation throughout the tri-state area, including dedicated service to Holtsville clients. This mortgage brokerage consistently earns top marks for customer satisfaction through their personalized approach and extensive product offerings. Their team excels at finding creative solutions for complex financial situations and first-time buyers. Reviewers consistently praise their responsiveness, attention to detail, and ability to secure favorable terms, making them a top choice for borrowers seeking dedicated, hands-on guidance through the mortgage process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Holtsville, NY
What are the current mortgage rates like in Holtsville, NY, and how do they compare to the national average?
Mortgage rates in Holtsville are generally aligned with the Long Island and New York metro area averages, which can be slightly higher than the national average due to local market conditions and higher property values. As of recent trends, you can expect competitive rates from local lenders familiar with Suffolk County, but it's crucial to shop around with both local banks and credit unions, as well as national lenders, to find the best deal for your specific financial profile.
Are there any specific down payment assistance or first-time homebuyer programs available for Holtsville residents?
Yes, Holtsville homebuyers can access several New York State programs, such as the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which offers low interest rates and down payment assistance. Additionally, Suffolk County offers its own Homebuyer Assistance Program for income-eligible first-time buyers, which can provide grants for down payment and closing costs on homes within the county, including Holtsville.
How does the property tax structure in Holtsville impact my mortgage and overall affordability?
Holtsville, located in the Town of Brookhaven, has property taxes that are a significant component of your monthly mortgage payment, as they are typically escrowed. Suffolk County taxes are notably high, so when calculating your debt-to-income ratio, lenders will closely scrutinize the estimated monthly tax burden. It's essential to get a clear estimate of annual taxes on any property you're considering, as this can greatly affect your approved loan amount and monthly payment.
What unique appraisal considerations should I be aware of when getting a mortgage for a Holtsville home?
Appraisals in Holtsville must account for the specific characteristics of the area, including the prevalence of properties with private wells and septic systems rather than public water and sewer, which can influence value. Appraisers will also heavily rely on recent comparable sales ("comps") from within Holtsville and immediate surrounding hamlets like Farmingville and Selden, as the market can be hyper-local. Special attention is paid to the condition of these systems and any proximity to the Brookhaven Landfill, which can be a factor.
Are jumbo loans common in Holtsville, and what are the requirements?
Given Holtsville's median home values, which often exceed the conforming loan limits for Suffolk County ($1,149,825 for 2024), jumbo loans are relatively common for single-family homes. Requirements are typically stricter, often requiring excellent credit scores (700+), lower debt-to-income ratios, and larger down payments (often 20% or more). Local lenders with experience in the Long Island jumbo market can be particularly helpful in navigating these more stringent underwriting guidelines.
Nearby Cities
Explore mortgage lenders in cities near Holtsville, NY
Why Choose a Mortgage Lender in Holtsville?
Local Market Knowledge
Lenders who understand Holtsville'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 Holtsville and get competitive rates on your home loan.