The Best Mortgage Lenders in Phoenix, NY
Compare verified mortgage lenders serving Phoenix, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Phoenix
Featured Mortgage Lenders
Michael DeRosa
PrimeLending
PrimeLending's Syracuse branch, led by experienced loan officer Michael DeRosa, serves the greater Phoenix area with exceptional customer service and competitive rates. With over 125 glowing reviews, they specialize in first-time homebuyer programs and offer a comprehensive range of loan products. Their local team understands the central New York market and provides personalized guidance through the entire mortgage process, making them a top choice for Phoenix residents seeking reliable mortgage services.
Loan Types:
NVR Mortgage
NVR Mortgage
NVR Mortgage has been serving central New York communities including Phoenix for decades with a strong reputation for competitive rates and reliable service. As part of one of the nation's largest homebuilding and mortgage companies, they offer unique construction loan expertise alongside traditional mortgage products. Their local Syracuse team provides personalized service with the backing of a national lender, making them particularly strong for both purchase and construction financing in the Phoenix area.
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CNY Federal Credit Union
CNY Federal Credit Union
CNY Federal Credit Union has been serving central New York communities including Phoenix for over 70 years, offering member-focused mortgage solutions with exceptional customer service. As a local financial institution, they provide competitive rates and flexible terms with a personal touch. Their mortgage team specializes in helping first-time homebuyers navigate the process and offers various community-focused loan programs. With multiple branches throughout the region, they provide convenient local service combined with the stability of an established credit union.
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Frequently Asked Questions
Common questions about mortgage lending in Phoenix, NY
What are the current mortgage rates like in Phoenix, NY, and how do they compare to the national average?
Mortgage rates in Phoenix, NY, are generally competitive with national averages but can be influenced by local economic factors and lender competition in the Syracuse metro area. As a smaller village, rates may vary slightly more between local credit unions and national banks, so it's crucial to shop around. Currently, rates in the region often align with or are slightly below the national average due to a stable but not overheated housing market.
Are there any specific down payment assistance programs for first-time homebuyers in Phoenix, NY?
Yes, first-time homebuyers in Phoenix can access statewide programs like the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which offers low down payments and competitive rates. Additionally, the Oswego County Community Development Office may offer grants or assistance programs for eligible buyers within the county. Consulting with a local mortgage lender familiar with these programs is the best way to identify all available options.
How does the property tax structure in Phoenix, NY, impact my mortgage payments and affordability?
Property taxes in Phoenix, which include county, town, and school district levies, are a significant component of your monthly mortgage escrow payment. Oswego County property taxes are historically moderate compared to downstate New York but have been rising. It's essential to get a precise tax estimate for any home you're considering, as this will directly affect your total monthly payment and debt-to-income ratio for loan qualification.
What type of home appraisal challenges are common in the Phoenix, NY, real estate market?
Appraisals in Phoenix can sometimes be challenging due to the mix of older village homes and newer suburban developments, making it difficult to find perfect "comps" (comparable sales). Appraisers must often look to nearby towns like Baldwinsville or Liverpool for comparisons. Ensuring your lender uses an appraiser deeply familiar with the local Oswego and Onondaga County markets is key to getting a fair and accurate valuation.
Are there specific mortgage considerations for buying a home in a flood zone in Phoenix, given its location along the Oswego River?
Absolutely. Due to Phoenix's location near the Oswego River and Oneida Lake, flood insurance is a critical consideration. If the property is in a FEMA-designated Special Flood Hazard Area (SFHA), your lender will require flood insurance as a condition of the mortgage, adding a substantial ongoing cost. Always review the property's flood zone designation early in the process and factor mandatory insurance into your budget.
Why Choose a Mortgage Lender in Phoenix?
Local Market Knowledge
Lenders who understand Phoenix'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 Phoenix and get competitive rates on your home loan.