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Peekskill, NY

The Best Mortgage Lenders in Peekskill, NY

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

3
Top Lenders
4.8
Avg Rating
624+
Reviews
10
Loan Types

Available Loan Programs in Peekskill

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
ARM
Construction
Cash Offer

Featured Mortgage Lenders

1

CrossCountry Mortgage, LLC

CrossCountry Mortgage, LLC

★★★★☆
4.8/5

CrossCountry Mortgage has established itself as one of the top mortgage lenders in the Westchester County area, serving Peekskill with exceptional customer service and competitive rates. With over 20 years of experience, they specialize in all major loan types including first-time homebuyer programs and jumbo loans. Their local office in Tarrytown provides personalized service with deep knowledge of the Peekskill and Hudson Valley housing markets, earning them consistently high ratings for their responsive communication and smooth closing processes.

Experience:20 years
Reviews:285 customer reviews
150 White Plains Rd Suite 114, Tarrytown, NY 10591

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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2

Homestead Funding Corp

Homestead Funding Corp

★★★★☆
4.9/5

Homestead Funding has been serving the Hudson Valley region including Peekskill for nearly three decades with outstanding mortgage services. They maintain exceptional 4.9-star ratings across multiple review platforms, praised for their expertise with complex loan scenarios and construction lending. As a direct lender with in-house underwriting, they offer competitive rates and streamlined processing. Their long-standing presence in the region and commitment to community involvement make them a trusted choice for Peekskill homebuyers seeking personalized guidance.

Experience:28 years
Reviews:187 customer reviews
440 Route 306, Wesley Hills, NY 10952

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceConstruction
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3

Tomo

Tomo

★★★★☆
4.7/5

Tomo has rapidly become a top-rated digital mortgage lender serving the Peekskill market with innovative technology and competitive pricing. While newer than traditional lenders, they've earned strong ratings for their efficient digital process, rate transparency, and responsive customer service. They specialize in helping buyers compete in competitive markets with quick pre-approvals and their cash offer program. Tomo's hybrid approach combines technology with experienced loan officers who understand the nuances of the Westchester County real estate market, making them an excellent option for tech-savvy Peekskill homebuyers.

Experience:4 years
Reviews:152 customer reviews
Services Peekskill area digitally with licensed NY mortgage professionals

Loan Types:

ConventionalJumboFHAVARefinanceCash Offer
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Frequently Asked Questions

Common questions about mortgage lending in Peekskill, NY

Are there any special first-time homebuyer programs available specifically for Peekskill, NY?

Yes, Peekskill homebuyers can access the State of New York Mortgage Agency (SONYMA) programs, which offer low down payments and competitive rates. Additionally, the City of Peekskill has periodically offered local down payment assistance grants; checking with the Peekskill Office of Community Development is essential to see if current funding is available for income-eligible buyers.

How do property taxes in Peekskill impact my mortgage qualification and monthly payment?

Peekskill's property tax rates are relatively high for Westchester County, which significantly affects your debt-to-income ratio and monthly escrow payment. When getting pre-approved, lenders will use the specific tax rate for the property's assessment, so it's crucial to get an accurate estimate early, as taxes can add several hundred dollars to your monthly mortgage obligation.

What is a typical down payment needed for a condo versus a single-family home in Peekskill's market?

For a conventional loan, a 20% down payment is standard for a single-family home in Peekskill to avoid private mortgage insurance (PMI). For condos, especially in the city's newer or converted buildings, lenders may require a slightly higher down payment of 25% if the project isn't on an approved FHA or Fannie Mae list, due to stricter warrantability rules.

Does Peekskill's location in a flood zone affect my mortgage process?

Yes, many properties in Peekskill, especially those near the Hudson River or Peekskill Creek, are in FEMA-designated flood zones. Your lender will require a flood certification, and if the home is in a high-risk zone (Special Flood Hazard Area), you must purchase flood insurance as a condition of the mortgage, adding to your closing costs and monthly expenses.

Are jumbo loans common in Peekskill, and what are the requirements?

Jumbo loans are increasingly common in Peekskill as home prices have risen, often exceeding the conforming loan limit for Westchester County ($1,149,825 for 2024). These loans typically require stronger financials, including excellent credit (often 700+), a down payment of 20-25%, and significant cash reserves (6-12 months of mortgage payments) post-closing.

Mortgage Insights

Your Peekskill Home Search Starts Here: Finding the Right Local Mortgage Loan Officer

Searching for a "mortgage loan officer near me" is more than just finding a convenient location; it's about finding a financial partner who understands the unique rhythm of the Peekskill, New York, housing market. As you embark on the journey to buy a home here, from the historic downtown to the hillside neighborhoods with stunning river views, the right local expert can make all the difference.

Peekskill presents a distinctive market. We see a compelling mix of historic Victorians, charming mid-century homes, and new developments, all within a vibrant arts community. A mortgage loan officer based in the Hudson Valley understands these nuances. They can provide realistic advice on how different property types—like a fixer-upper in the Garden Street Historic District versus a turn-key condo—might impact your loan options and appraisal process. Their local knowledge is invaluable for understanding true market value in our specific neighborhoods, ensuring you make a competitive yet sensible offer.

When looking for your local loan officer, prioritize local expertise over mere proximity. Seek out professionals who actively work in Westchester County and can speak to Peekskill's trends. In your initial conversations, ask specific questions: "What are you seeing with appraisal values in the Fort Hill area?" or "How do Peekskill's property taxes typically affect debt-to-income ratios?" Their answers will reveal their local fluency. A great local loan officer will also be a connector, often having trusted relationships with Peekskill-based real estate agents, home inspectors, and attorneys, streamlining your entire process.

New York State offers several programs that a knowledgeable local loan officer can help you navigate. For eligible first-time homebuyers in Peekskill, the SONYMA (State of New York Mortgage Agency) programs provide competitive interest rates, down payment assistance, and closing cost help. A local officer will know the income limits for Westchester County and can clarify if a SONYMA loan is your best path compared to conventional options. They can also advise on any local incentives or grants that may be available through the City of Peekskill or community development programs.

Your actionable first step? Look beyond a simple online search. Ask for referrals from friends, colleagues, or local real estate agents who have recently closed deals in Peekskill. Once you have a few names, schedule brief consultations. Come prepared with your financial picture and your Peekskill home dreams. The right mortgage loan officer won't just process your application; they will educate you, advocate for you, and use their local insight to help you secure not just any mortgage, but the right mortgage for your new life in Peekskill. Your key to the city starts with the right financial guide.

Nearby Cities

Explore mortgage lenders in cities near Peekskill, NY

Why Choose a Mortgage Lender in Peekskill?

Local Market Knowledge

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