The Best Mortgage Lenders in Northport, NY
Compare verified mortgage lenders serving Northport, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Northport
Featured Mortgage Lenders
Michael Caruselle
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Huntington office, led by experienced loan officer Michael Caruselle, is one of the highest-rated mortgage lenders serving the Northport area. With over two decades of experience and exceptional 4.9-star ratings across multiple platforms, this branch provides personalized service and competitive rates for all types of home loans. Their local expertise in Suffolk County real estate market, combined with the backing of a national lender, offers clients the perfect balance of local knowledge and extensive lending resources. They specialize in both purchase and refinance transactions with particular strength in conventional and jumbo loans for Long Island's unique housing market.
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Joseph Kessler
NRL Mortgage
NRL Mortgage has built an outstanding reputation throughout Long Island, including strong service to Northport residents. With their Melville location just minutes from Northport, they offer convenient local access combined with nearly two decades of mortgage lending expertise. Joseph Kessler and his team are particularly noted for their exceptional customer service and ability to handle complex loan scenarios. They receive consistent praise for their transparent communication throughout the loan process and competitive rate offerings. The company has specialized knowledge of the Long Island market dynamics and provides comprehensive guidance for first-time homebuyers, move-up buyers, and investment property financing.
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Mortgage Department
Sterling National Bank (now part of Webster Bank)
Sterling National Bank, now operating as Webster Bank following their merger, maintains a strong mortgage lending presence in Melville that actively serves Northport homeowners. With deep roots in the Long Island community and over 15 years of dedicated mortgage services, they offer the stability of an established regional bank combined with personalized lending solutions. Their mortgage team is particularly skilled at construction lending and jumbo mortgages, which are common needs in the Northport area. Customers consistently praise their responsive service, local decision-making capability, and competitive rate structures. As a full-service bank, they can provide integrated banking relationships that often result in better terms for qualified borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Northport, NY
Are there specific mortgage considerations for buying a historic or older home in Northport Village?
Yes, many homes in the historic village district are over 100 years old. Lenders will often require a more stringent home inspection and may have specific requirements for older electrical, plumbing, or foundation systems. You might also explore renovation loans like the FHA 203(k) if the home needs updates, as this is a common scenario in Northport's charming, historic market.
What local or state programs are available for first-time homebuyers in Northport, NY?
Northport buyers 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 Suffolk County Down Payment Assistance Program provides eligible first-time buyers with up to $14,000 in a forgivable loan to help with down payment and closing costs.
How do property taxes in Northport impact mortgage qualification and monthly payments?
Northport property taxes are relatively high, even for Long Island, which significantly affects debt-to-income (DTI) ratios and monthly payments. Lenders will carefully calculate these taxes (often $15,000-$25,000+ annually) into your payment, so you may qualify for a lower mortgage principal than in lower-tax areas. It's crucial to get a precise tax estimate early in your search.
Are jumbo loans common for mortgage lending in Northport, and what are the requirements?
Yes, with median home prices well above the conforming loan limits, jumbo loans are very common in Northport. Requirements are typically stricter, often requiring excellent credit (FICO scores of 720+), lower debt-to-income ratios, and larger down payments (usually 20-30%). Local lenders familiar with the Northport market are often best equipped to handle these loans.
Does living in a flood zone in Northport affect the mortgage process?
Absolutely. Many Northport properties, especially those near the harbor or Northport Bay, are in designated flood zones. This will require mandatory flood insurance as a condition of the loan, which adds a significant ongoing cost. Your lender will order a Flood Zone Determination, and you must secure a policy before closing, impacting your total monthly housing expense.
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Why Choose a Mortgage Lender in Northport?
Local Market Knowledge
Lenders who understand Northport'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 Northport and get competitive rates on your home loan.