The Best Mortgage Lenders in Lisbon, NY
Compare verified mortgage lenders serving Lisbon, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lisbon
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Lisbon and throughout New York State. With over 28 years of experience, they specialize in a wide range of loan products and have a strong reputation for reliability and fast closings. Their high ratings stem from personalized service, local expertise, and a commitment to community involvement, making them a trusted choice for homebuyers in the North Country region.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly regarded national mortgage lender with a strong local presence in upstate New York, including service to Lisbon. Founded in 2000, they offer innovative digital tools and competitive rates, backed by 24 years of experience. Customers praise their efficient process, transparent communication, and extensive loan options. Their high customer satisfaction ratings and numerous awards for excellence make them a reliable choice for mortgages in rural and urban areas alike.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has built a solid reputation over 21 years for providing personalized mortgage solutions in Lisbon and the broader New York area. They are known for their competitive rates, flexible loan programs, and dedicated local support. With high ratings for customer service and a focus on community engagement, they excel in guiding clients through the home financing process efficiently. Their experienced team ensures a smooth experience, whether for first-time homebuyers or refinancing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Lisbon, NY
What are the typical mortgage rates for homes in Lisbon, NY, and how do they compare to the national average?
Mortgage rates in Lisbon, NY, generally align with national averages but can be influenced by local lender competition and property types. For a standard 30-year fixed-rate mortgage, rates in the North Country region are often very competitive. It's advisable to compare offers from local credit unions, like St. Lawrence Federal Credit Union, alongside national lenders, as they may offer special programs for rural areas like Lisbon.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Lisbon, NY?
Yes, first-time homebuyers in Lisbon can utilize New York State's SONYMA (State of New York Mortgage Agency) programs, which offer low interest rates and down payment assistance. Additionally, the "Achieving the Dream" program can be particularly helpful for buyers in St. Lawrence County. Local lenders can also guide you on USDA Rural Development loans, which are highly relevant for Lisbon's qualifying rural properties and offer 100% financing.
How does the appraisal process work for a home in a rural town like Lisbon, given the unique mix of older homes and large land parcels?
Appraisals in Lisbon require appraisers familiar with the rural North Country market, who can accurately value both the home and the land. For properties with significant acreage, the appraisal will carefully assess the value of the usable land separately. For older or unique properties, such as historic farmhouses, the process may take longer as the appraiser must find appropriate comparable sales, which can be scarce in a low-volume market.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Lisbon?
Lisbon has a modest property tax rate compared to many parts of New York State, but taxes can vary based on the specific school district (Lisbon Central or Heuvelton Central). Your lender will require escrow for both property taxes and homeowner's insurance. Given Lisbon's rural setting, it's crucial to confirm available utilities and consider potential additional costs for flood insurance if the property is near the Oswegatchie River or other waterways.
Are there specific lenders in the area that have expertise with Lisbon's real estate market and types of properties?
Absolutely. Working with a local community bank or credit union, such as Community Bank, N.A. or Seaway Valley Federal Credit Union, is highly beneficial. These institutions have deep knowledge of the local market, understand the valuation of rural and agricultural properties common in Lisbon, and often have more flexible underwriting for unique situations. They are also well-versed in the relevant USDA and SONYMA programs for the area.
Why Choose a Mortgage Lender in Lisbon?
Local Market Knowledge
Lenders who understand Lisbon'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 Lisbon and get competitive rates on your home loan.