The Best Mortgage Lenders in Livonia, NY
Compare verified mortgage lenders serving Livonia, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Livonia
Featured Mortgage Lenders
ESL Federal Credit Union
ESL Federal Credit Union
As one of the most trusted financial institutions in the Rochester region, ESL Federal Credit Union has been serving Western New York communities including Livonia for over a century. With exceptional member satisfaction ratings and deep community roots, ESL offers competitive mortgage rates and personalized service. Their mortgage specialists provide comprehensive guidance through the entire home buying process, and as a credit union, they prioritize member benefits over profits. ESL has multiple branches throughout the region and offers both in-person and digital mortgage services.
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Tompkins Community Bank
Tompkins Community Bank
Tompkins Community Bank has a strong presence in Livingston County with their Geneseo branch conveniently located near Livonia. With over 150 years of community banking experience, they offer local decision-making and personalized mortgage solutions. Their mortgage team understands the unique aspects of the Western New York housing market and provides competitive rates with flexible terms. The bank is known for its exceptional customer service and long-term relationships with clients throughout the region, making them a top choice for Livonia homebuyers.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Rochester Branch
Fairway Independent Mortgage Corporation's Rochester branch serves the Livonia area with exceptional mortgage services and consistently high customer satisfaction ratings. As a nationwide lender with strong local presence, they combine the resources of a large company with personalized local service. Their loan officers are highly experienced in the Western New York market and offer a wide variety of loan programs with competitive rates. Fairway is particularly noted for their efficient processing, transparent communication, and ability to close loans quickly, making them a preferred choice for both purchase and refinance transactions in the Livonia area.
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Frequently Asked Questions
Common questions about mortgage lending in Livonia, NY
What are the typical down payment requirements for homes in Livonia, NY, given its rural setting and market?
For most conventional loans in Livonia, a 20% down payment is standard to avoid private mortgage insurance (PMI). However, the area's more moderate home prices compared to urban NY can make 3-5% down payment programs more accessible. USDA loans, which offer 0% down, are also a popular option here due to Livonia's USDA-eligible rural designation.
Are there any special mortgage programs for first-time homebuyers in Livingston County or Livonia specifically?
Yes, the New York State Homes and Community Renewal (HCR) offers the "First Home Club" matched savings program and affordable mortgages through SONYMA, which are available in Livonia. Additionally, the "Live in Livingston" program, administered by the Livingston County Housing Council, provides down payment assistance grants to eligible first-time buyers purchasing within the county.
How do property taxes in Livonia impact mortgage affordability and qualification?
Livingston County and the Livonia Central School District have property tax rates that are significant factors in the overall monthly payment. Lenders will calculate your debt-to-income ratio using these taxes, which are typically higher than the national average but more moderate than in many downstate NY suburbs. It's crucial to get a precise tax estimate, as taxes can vary between hamlets within the town.
What should I know about getting a mortgage for a home on Conesus Lake or with lake access in Livonia?
Financing lakefront or lake-access properties often requires additional steps. Lenders may require a more detailed appraisal that specifically compares other lake properties, and you may need separate flood insurance if the home is in a designated flood zone. Interest rates are typically standard, but loan approval can depend heavily on the unique valuation and insurance costs of the waterfront asset.
How does the seasonal economy around Conesus Lake affect mortgage application income verification for Livonia residents?
If your income is seasonal (e.g., from tourism, landscaping, or construction), lenders will typically require a two-year history of that income and will average it. They may also require more reserves (savings) to cover mortgage payments during off-season months. Providing clear tax returns and documentation of consistent annual earnings is key to a smooth approval process.
Nearby Cities
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Why Choose a Mortgage Lender in Livonia?
Local Market Knowledge
Lenders who understand Livonia'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 Livonia and get competitive rates on your home loan.