The Best Mortgage Lenders in Irving, NY
Compare verified mortgage lenders serving Irving, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irving
Featured Mortgage Lenders
Tompkins Community Bank
Tompkins Community Bank
As one of the most established community banks in Western New York, Tompkins Community Bank has deep roots in Chautauqua County and serves the Irving area with personalized mortgage solutions. Their local loan officers understand the unique needs of rural and lakeside properties common in the Irving region. With exceptional customer satisfaction ratings and competitive rates, they offer both in-person and digital mortgage experiences while maintaining strong community relationships.
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Five Star Bank
Five Star Bank
Five Star Bank has been serving Western New York communities for over 170 years with a strong presence throughout the region. They offer comprehensive mortgage services to Irving residents with local decision-making and personalized service. Their expertise in rural and small-town properties makes them particularly well-suited for the Irving market. Customers praise their responsive loan officers and competitive rates for both purchase and refinance transactions.
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M&T Bank
M&T Bank
M&T Bank maintains a strong regional presence throughout Western New York with multiple branches serving the Chautauqua County area. As one of the largest banks in the region, they offer competitive mortgage rates and a wide variety of loan products suitable for Irving's diverse housing market. Their digital mortgage platform combined with local branch support provides convenience while maintaining personalized service. They have extensive experience with both primary residences and vacation properties common in the Lake Erie region.
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Frequently Asked Questions
Common questions about mortgage lending in Irving, NY
What are the current typical mortgage rates for homebuyers in Irving, NY, and how do they compare to the national average?
Mortgage rates in Irving, NY, are generally in line with national averages but can be influenced by local market competition and property types. For a conventional 30-year fixed loan, rates often range slightly above the national average due to the higher demand in Western New York's stable markets. It's advisable to compare offers from local credit unions, like those in nearby Buffalo, and national lenders for the best combination of rate and fees.
Are there any specific down payment assistance or first-time homebuyer programs available for Irving residents?
Yes, Irving homebuyers can access statewide New York programs, such as the SONYMA (State of New York Mortgage Agency) Low Interest Rate and Achieving the Dream programs, which offer competitive rates and down payment assistance. Additionally, Erie County, which Irving is part of, may offer its own grants or assistance programs. Working with a local lender familiar with these programs is key to navigating the eligibility requirements and application process.
How does the appraisal process work in Irving, given its location near the Seneca Nation territories and Cattaraugus Creek?
Appraisals in Irving require appraisers with specific knowledge of the local market, including the unique aspects of properties near tribal lands and flood zones along Cattaraugus Creek. Lenders will mandate a standard appraisal to ensure the property's value supports the loan, and properties in Special Flood Hazard Areas will require flood insurance. It's important to work with a lender who uses appraisers experienced in the Southtowns area to ensure a smooth process.
What should I know about property taxes and how they affect my mortgage in Irving, NY?
Property taxes in the Town of Hanover (which includes Irving) are a significant component of your monthly mortgage payment, as they are typically escrowed by the lender. The combined county, town, and school tax rates in Erie County are historically among the highest in the nation. When getting pre-approved, lenders will calculate your debt-to-income ratio using these estimated tax payments, so it's crucial to get an accurate tax estimate for any property you're considering.
Are USDA Rural Development loans a viable option for mortgages in Irving, NY?
Absolutely. Much of Irving and the surrounding area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This can be a major advantage for eligible first-time or moderate-income buyers in this community. A local mortgage officer can help determine if a specific property in Irving falls within an eligible USDA zone and if your income meets the program requirements.
Why Choose a Mortgage Lender in Irving?
Local Market Knowledge
Lenders who understand Irving'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 Irving and get competitive rates on your home loan.