The Best Mortgage Lenders in Irvington, NY
Compare verified mortgage lenders serving Irvington, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irvington
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the top mortgage lenders in Westchester County with exceptional customer satisfaction ratings. Their White Plains office serves the Irvington area with personalized service and a wide range of loan products. They are particularly noted for their expertise in jumbo loans which are common in the higher-priced Westchester market, and they maintain strong relationships with local real estate professionals. Their team of experienced loan officers provides dedicated support throughout the entire mortgage process.
Loan Types:
Better Mortgage
Better Holdco, Inc.
Better Mortgage has revolutionized the home lending industry with its digital-first approach while maintaining strong service throughout New York, including Irvington. They offer competitive rates with no lender fees and have earned high marks for their transparent, efficient process. Their technology platform allows for quick pre-approvals and streamlined applications, making them particularly popular with tech-savvy homebuyers in the Westchester area. Despite being a digital lender, they provide dedicated mortgage experts for personalized guidance.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate has a strong presence in Westchester County with their White Plains office actively serving Irvington homebuyers. They are known for their innovative digital mortgage experience combined with local expertise. The company consistently receives high customer satisfaction ratings for their responsive service and competitive rate offerings. Their local loan officers have extensive knowledge of the Westchester County real estate market and provide personalized guidance through complex loan scenarios, particularly for jumbo loans common in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Irvington, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Irvington, NY?
Yes, Irvington homebuyers can access the New York State Homes and Community Renewal (HCR) programs, such as the Achieving the Dream (ATD) program, which offers down payment assistance up to $15,000. Additionally, Westchester County offers its own Mortgage Tax Credit Certificate program, which can provide a significant annual federal tax credit for a portion of the mortgage interest paid, making homeownership more affordable in this high-cost area.
How do property taxes in Irvington impact my mortgage qualification and monthly payment?
Irvington has notably high property taxes, with an effective tax rate significantly above the national average. Lenders will factor these taxes into your debt-to-income (DTI) ratio, potentially reducing the loan amount you qualify for. Your monthly mortgage payment (PITI) will be heavily weighted toward taxes and insurance, so it's crucial to get an accurate tax estimate and budget accordingly when shopping for homes in the village.
What are typical mortgage rates and lender requirements for Irvington's competitive housing market?
While rates are set nationally, competition for Irvington's desirable, often historic, homes means buyers need strong offers. Lenders typically require excellent credit (often 740+), substantial reserves, and a larger down payment (20% or more is common) to be competitive. Getting a strong pre-approval from a lender familiar with Westchester County's market is essential to have your offer taken seriously.
Are there specific mortgage considerations for purchasing a historic home in Irvington?
Absolutely. If you're buying a home in a historic district or a property designated as historic, you may face stricter appraisal and inspection requirements. Some lenders might be hesitant if the home requires significant updates, so exploring renovation loans like the FHA 203(k) or a conventional HomeStyle loan could be necessary. It's vital to work with a lender experienced with historic properties in Westchester.
How does the proximity to New York City affect the mortgage process for Irvington buyers?
Irvington's status as a Westchester suburb with a Metro-North commute to NYC influences lending in two key ways. First, lenders view the market as stable and desirable, which is favorable. Second, for self-employed buyers or those with NYC-based income, lenders may require more extensive documentation (two years of tax returns, profit & loss statements) to verify income stability given potential market volatility in certain city-based industries.
Nearby Cities
Explore mortgage lenders in cities near Irvington, NY
Why Choose a Mortgage Lender in Irvington?
Local Market Knowledge
Lenders who understand Irvington'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 Irvington and get competitive rates on your home loan.