The Best Mortgage Lenders in Lewiston, NY
Compare verified mortgage lenders serving Lewiston, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewiston
Featured Mortgage Lenders
M&T Bank Mortgage Department
M&T Bank
M&T Bank is one of the most established and trusted regional banks serving Western New York, with deep roots in the Lewiston community. As a primary mortgage lender in the area, they offer competitive rates and personalized service through local branch offices. Their mortgage specialists have extensive knowledge of the local real estate market and provide a wide range of loan products with in-house processing for streamlined service. M&T's strong community presence and long-standing reputation make them a top choice for Lewiston homebuyers.
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Evans Bank Mortgage Team
Evans Bank
Evans Bank has been serving Western New York communities for over a century with a strong focus on personalized mortgage lending. They maintain a significant presence in Niagara County and specifically serve Lewiston homebuyers with local decision-making and competitive rates. Their mortgage team provides comprehensive guidance through the entire home financing process, offering specialized programs for first-time homebuyers and flexible loan options. Evans Bank is known for their community commitment and responsive customer service.
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Premium Mortgage Corporation
Premium Mortgage Corporation
Premium Mortgage Corporation is a highly-rated regional mortgage lender with extensive experience serving Western New York, including Lewiston and Niagara County. They specialize in providing personalized mortgage solutions with competitive rates and exceptional customer service. As a mortgage-focused company rather than a full-service bank, they offer dedicated expertise and faster processing times. Their local loan officers have deep knowledge of the Lewiston market and provide comprehensive guidance through the entire mortgage process, earning consistently high customer satisfaction ratings.
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Frequently Asked Questions
Common questions about mortgage lending in Lewiston, NY
What are the current mortgage rates like in Lewiston, NY, and how do they compare to the national average?
Mortgage rates in Lewiston are generally aligned with national averages but can be influenced by local lender competition and the strong demand in the Niagara County market. As a border community, some residents may also explore options with Canadian banks, which can sometimes offer different rate structures. It's advisable to get quotes from both local credit unions, like the Greater Lewiston Federal Credit Union, and national lenders for the best comparison.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Lewiston?
Yes, first-time homebuyers in Lewiston can access New York State programs like the SONYMA (State of New York Mortgage Agency) Achieving the Dream loan, which offers competitive rates and down payment assistance. Additionally, the Niagara County Home Improvement & First Time Homebuyer Program may provide grants or low-interest loans for qualified buyers purchasing within the county, including Lewiston's historic districts.
How does Lewiston's designation as a historic village impact the mortgage process?
Purchasing a home in Lewiston's historic district may require a specialized appraisal to accurately value the property's unique characteristics and any preservation restrictions. Some lenders may have specific requirements for older homes, such as stricter inspections for wiring, plumbing, or foundations. It's crucial to work with a lender experienced in historic properties to ensure a smooth process.
What is a typical down payment requirement for a home in Lewiston's competitive market?
While conventional loans often require 5-20% down, the competitive Lewiston market, especially for desirable properties near the river or village center, often sees successful offers with 20% or more to strengthen the buyer's position. However, using FHA loans (3.5% down) or VA loans (0% down for eligible veterans) is still common, though sellers may favor offers with larger down payments or conventional financing in multiple-bid situations.
Are there specific property tax considerations I should factor into my mortgage payment in Lewiston?
Absolutely. Lewiston property taxes are a significant component of your monthly escrow payment. Taxes in Niagara County and the Lewiston-Porter School District can be substantial, and rates differ between the Village of Lewiston and the surrounding town. Your lender will use the specific property's tax bill to calculate an accurate monthly payment, but it's wise to budget for potential annual increases, especially following a reassessment after purchase.
Nearby Cities
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Why Choose a Mortgage Lender in Lewiston?
Local Market Knowledge
Lenders who understand Lewiston'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 Lewiston and get competitive rates on your home loan.