The Best Mortgage Lenders in Huntington Station, NY
Compare verified mortgage lenders serving Huntington Station, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntington Station
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence on Long Island, known for its competitive rates and efficient online application process. They excel in customer service with dedicated local loan officers who provide personalized guidance for various loan types, including first-time homebuyer programs and jumbo loans. Their high ratings reflect reliability, quick closings, and transparency, making them a preferred choice for Huntington Station residents.
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loanDepot
loanDepot, LLC
loanDepot is a highly regarded mortgage lender offering a wide range of loan products with a focus on technology-driven solutions and competitive pricing. They have a significant presence in the Huntington Station area, providing streamlined online tools and local support for a smooth mortgage experience. Customers praise their responsive service, flexibility in loan options, and ability to handle complex cases, backed by strong reviews for customer satisfaction and timely closings.
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CrossCountry Mortgage
CrossCountry Mortgage, Inc.
CrossCountry Mortgage is a reputable lender with deep roots in the New York region, offering personalized service and a comprehensive suite of mortgage products. They are known for their expertise in local market conditions, competitive rates, and commitment to customer education. With a track record of high satisfaction ratings, they provide dedicated support for Huntington Station homebuyers, including first-time buyers and investors, ensuring a seamless and trustworthy lending process.
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Frequently Asked Questions
Common questions about mortgage lending in Huntington Station, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Huntington Station, NY?
Yes, Huntington Station homebuyers can access several programs. The New York State Homes and Community Renewal (HCR) offers the Achieving the Dream program, which provides down payment assistance up to $15,000. Additionally, Suffolk County has its own Homebuyer Assistance Program, which can offer up to $14,999 in assistance for eligible buyers purchasing within the county, including Huntington Station.
How does the property tax rate in Huntington Station impact my mortgage affordability and monthly payment?
Huntington Station, located in the Town of Huntington, has a relatively high combined property tax rate, typically ranging from 2.5% to over 3% of assessed value. This significantly affects your total monthly PITI (Principal, Interest, Taxes, Insurance) payment. Lenders will carefully factor these taxes into your debt-to-income ratio, and it's common for monthly escrow payments for taxes to exceed the principal and interest portion of the payment on many mortgages.
What are typical closing costs for a mortgage in Huntington Station, and are there any local taxes or fees I should budget for?
Closing costs in Huntington Station typically range from 2% to 5% of the home's purchase price. In addition to standard fees, you must budget for New York State's Mortgage Recording Tax (which varies by county; in Suffolk County it's $0.75 per $100 of the mortgage amount) and the Mansion Tax (a 1% state tax on purchases over $1 million). Using a local attorney familiar with Suffolk County and Town of Huntington requirements is also a critical and customary cost.
Are USDA loans a viable option for any parts of Huntington Station, given its location on Long Island?
While most of densely populated Long Island is ineligible for USDA Rural Development loans, certain census tracts in Huntington Station may still qualify as "rural in character" under the USDA's map. It is essential to have a lender check the specific property address against the USDA eligibility map, as this can be a rare opportunity for 100% financing in an otherwise high-cost area.
How do lenders view accessory dwelling units (ADUs) or illegal apartments when underwriting a mortgage for a Huntington Station home?
This is a critical local consideration. Many Huntington Station homes have basement or attic apartments. Lenders can only consider rental income from an ADU for loan qualification if the unit is legal, permitted, and has a certificate of occupancy. An illegal apartment provides no income benefit for underwriting and could even be a liability, as the town could require its removal. An appraisal will note the unit's legality status.
Nearby Cities
Explore mortgage lenders in cities near Huntington Station, NY
Why Choose a Mortgage Lender in Huntington Station?
Local Market Knowledge
Lenders who understand Huntington Station'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 Station and get competitive rates on your home loan.