The Best Mortgage Lenders in Huntington, NY
Compare verified mortgage lenders serving Huntington, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntington
Featured Mortgage Lenders
NEFCU Mortgage Services
Nassau Educators Federal Credit Union
NEFCU is one of Long Island's most trusted mortgage lenders with deep roots in the Huntington area. As a credit union, they offer competitive rates and personalized service to both members and non-members. Their mortgage team specializes in Long Island real estate markets and provides comprehensive guidance through the entire home financing process. With exceptional customer satisfaction ratings and local underwriting expertise, they understand the unique aspects of Huntington's housing market.
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Michael L. Chodos
Residential Home Funding Corp.
Residential Home Funding has been serving the Huntington community and surrounding Long Island areas for over two decades. As a local mortgage banker, they offer in-house underwriting and processing, ensuring faster closings and personalized service. The company has built an outstanding reputation for competitive rates and exceptional customer care, with many clients praising their responsiveness and expertise in navigating complex mortgage scenarios specific to the Long Island market.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate combines national lending power with strong local presence through their Long Island offices. They serve Huntington homeowners with innovative digital mortgage technology alongside personalized service from local mortgage experts. As one of the largest retail mortgage lenders in the U.S., they offer competitive rates and a wide variety of loan programs while maintaining the local expertise needed for Huntington's unique real estate market. Their digital platform streamlines the application process while local experts provide hands-on guidance.
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Frequently Asked Questions
Common questions about mortgage lending in Huntington, NY
Are there any special mortgage programs for first-time homebuyers in Huntington, NY?
Yes, New York State offers the SONYMA (State of New York Mortgage Agency) programs, which are popular in Huntington. These include the Low Interest Rate Program and the Achieving the Dream Program, which offer competitive rates, down payment assistance, and flexible credit requirements. Additionally, some local lenders may offer specific incentives for first-time buyers in the area.
How do property taxes in Huntington impact my mortgage qualification and monthly payment?
Huntington, located in Suffolk County, has notably high property taxes, which are a significant component of your monthly escrow payment. Lenders will factor these taxes into your debt-to-income ratio, potentially lowering the loan amount you qualify for. It's crucial to get an accurate tax estimate for your specific Huntington hamlet or village, as rates can vary.
What are typical down payment requirements for a home in Huntington's competitive market?
While 20% down is standard to avoid private mortgage insurance (PMI), the competitive Huntington market often sees buyers offering 10-20% to make their offers stronger. For conventional loans, you may qualify with as little as 3-5% down, but a larger down payment is frequently needed to win a bidding war. Local lenders can advise on strategies to structure your offer.
Are there specific mortgage considerations for buying a historic or older home in Huntington?
Absolutely. Many homes in Huntington Village and the surrounding areas are historic or have older systems. Lenders may require specific inspections (like for septic, well, or knob-and-tube wiring) and could mandate repairs before closing. You might also explore renovation loans like the FHA 203(k) to finance updates, which is a common need in this market.
How do flood zone designations in parts of Huntington affect the mortgage process?
With Huntington's extensive coastline, many properties are in FEMA-designated flood zones. This will require a separate flood insurance policy, which your lender will mandate and include in your monthly escrow payment. The cost can be substantial and must be factored into your budget, and it can also affect the property's appraisal and insurability.
Nearby Cities
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Why Choose a Mortgage Lender in Huntington?
Local Market Knowledge
Lenders who understand Huntington'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 Huntington and get competitive rates on your home loan.