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Lyons Falls, NY

The Best Mortgage Lenders in Lyons Falls, NY

Compare verified mortgage lenders serving Lyons Falls, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
1030+
Reviews
11
Loan Types

Available Loan Programs in Lyons Falls

Conventional
FHA
VA
USDA
Jumbo
Fixed-rate
Adjustable-rate
Construction
Refinance
First-time homebuyer
Home equity

Featured Mortgage Lenders

1

Community Bank, N.A.

Community Bank, N.A.

★★★★☆
4.8/5

Community Bank, N.A. is one of the most established and highly-rated regional lenders serving the North Country region including Lyons Falls. With deep roots in upstate New York since 1871, they offer exceptional local service combined with competitive rates. Their mortgage specialists have extensive knowledge of the local real estate market and provide personalized guidance through the entire home financing process. Customers consistently praise their responsive service, transparent communication, and smooth closing experiences.

Experience:153 years
Reviews:350 customer reviews
831 Washington Street, Watertown, NY 13601

Loan Types:

ConventionalFHAVAUSDAJumboFixed-rateAdjustable-rateConstructionRefinance
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2

Adirondack Bank

Adirondack Bank

★★★★☆
4.7/5

Adirondack Bank has been serving the Central New York and North Country regions for over a century, making them a trusted local mortgage provider for Lyons Falls residents. They offer a comprehensive range of mortgage products with competitive rates and exceptional customer service. Their experienced loan officers provide personalized attention and local market expertise, ensuring borrowers receive guidance tailored to their specific needs. The bank is particularly noted for their first-time homebuyer programs and flexible underwriting.

Experience:118 years
Reviews:280 customer reviews
185 Genesee Street, Utica, NY 13501

Loan Types:

ConventionalFHAVAUSDAFirst-time homebuyerConstructionRefinanceHome equity
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3

NVR Mortgage

NVR Mortgage, Inc.

★★★★☆
4.6/5

NVR Mortgage brings decades of experience and national lending power with strong local presence throughout upstate New York. They offer competitive rates and efficient processing while maintaining personalized service for Lyons Falls homebuyers. As one of the nation's largest homebuilders and mortgage lenders, they provide streamlined financing solutions with extensive product options. Customers appreciate their straightforward application process, reliable timelines, and professional loan officers who provide clear communication throughout the mortgage journey.

Experience:70 years
Reviews:400 customer reviews
5785 Widewaters Parkway, Syracuse, NY 13214

Loan Types:

ConventionalFHAVAJumboFixed-rateAdjustable-rateRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Lyons Falls, NY

What are the typical down payment requirements for a home in Lyons Falls, given its rural market?

In Lyons Falls, many lenders offer USDA Rural Development loans, which require 0% down payment for eligible borrowers and properties. For conventional loans, a 3-5% down payment is common, but the lower overall home prices in the Lewis County area compared to urban centers can make saving for a down payment more achievable. Local credit unions and community banks are often familiar with these programs.

Are there any special mortgage programs for first-time homebuyers in Lyons Falls, NY?

Yes, New York State offers the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which provides competitive rates, down payment assistance, and is well-suited for the Lyons Falls market. Additionally, the Lewis County Community Development office may have information on local grants or assistance programs for income-eligible buyers purchasing their first home in the area.

How does the appraisal process work for a unique or older property in Lyons Falls?

Given the prevalence of historic homes, riverfront properties, and older construction in Lyons Falls, it's crucial to work with a lender who uses appraisers familiar with the local market. Appraisers will compare your property to similar recent sales in Lyons Falls or nearby towns like Boonville or Lowville, and they will note any necessary repairs, which can be a condition for loan approval.

What should I know about property taxes and insurance when calculating my mortgage payment in Lyons Falls?

Property taxes in the Town of Lyons Falls and Lewis County are generally moderate but are a key part of your escrow payment. You should also factor in flood insurance if the property is near the Black River or Moose River, as this can be a mandatory lender requirement and significantly impact your monthly payment. Your lender can help you get accurate estimates for both.

Is it better to use a local bank or a national lender for a mortgage in a small town like Lyons Falls?

While national lenders offer convenience, local banks and credit unions (like Community Bank, N.A. or Lyons Falls National Bank) often have deeper knowledge of the local real estate market and may offer more personalized underwriting for unique properties. They may also have stronger relationships with local realtors and can sometimes process loans more efficiently for homes in the area.

Mortgage Insights

Finding the Right Housing Lender for Your Lyons Falls Home Search

When you're searching for "housing lenders near me" from the quiet charm of Lyons Falls, you're not just looking for any mortgage provider. You're seeking a financial partner who understands the unique character of our local market—from historic homes along the Black River to more modern properties with that sought-after small-town privacy. The right lender can make all the difference in turning your North Country dream into keys in your hand.

In a tight-knit community like ours, local knowledge is invaluable. While national online lenders offer convenience, a regional bank, credit union, or a trusted local mortgage broker often has deeper insight into appraising properties in Lyons Falls and the surrounding Lewis County area. They understand the value of a well-maintained older home, the appeal of river access, and the practical considerations of rural living. Building a relationship with a local professional means you have someone who can answer questions about specific neighborhoods and provide personalized guidance throughout the process.

Start your search by looking at institutions with a physical presence in the region. Credit unions like AmeriCU or community banks that serve the North Country often have a strong commitment to the area. Don't hesitate to ask your real estate agent for recommendations; they work with lenders regularly and know who provides smooth closings. When you speak with potential lenders, ask them directly: "How many mortgages have you closed in Lewis County in the past year?" Their answer will tell you a lot about their local experience.

As a New York State homebuyer, you have access to several helpful programs that a knowledgeable local lender can help you navigate. The State of New York Mortgage Agency (SONYMA) offers low-interest rate loans, down payment assistance, and programs specifically for first-time homebuyers. These can be particularly powerful tools in our market. A lender familiar with these programs can help you see if you qualify for assistance that could make your purchase more affordable.

Your actionable first step? Go beyond the simple online search. Make a shortlist of two or three local lenders and schedule brief conversations. Come prepared with questions about first-time homebuyer programs, their familiarity with rural property loans (important if you're looking at land), and their typical timeline to close. Compare not just interest rates, but also their communication style and willingness to explain the steps. In Lyons Falls, where word-of-mouth matters, choosing a lender who is invested in your community can lead to a smoother, more supportive path to homeownership. Your perfect home here is more than a structure; it's a place in our community, and the right local lender will help you secure it.

Nearby Cities

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Why Choose a Mortgage Lender in Lyons Falls?

Local Market Knowledge

Lenders who understand Lyons Falls'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 Lyons Falls and get competitive rates on your home loan.