The Best Mortgage Lenders in Plainview, NY
Compare verified mortgage lenders serving Plainview, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plainview
Featured Mortgage Lenders
Michael D'Ambrosio
CrossCountry Mortgage
CrossCountry Mortgage's Bethpage office, led by experienced loan officer Michael D'Ambrosio, serves the Plainview area with exceptional customer service and comprehensive mortgage solutions. With hundreds of 5-star reviews from Long Island homebuyers, this branch is known for its personalized approach, competitive rates, and expertise in navigating complex loan scenarios. Their team specializes in both purchase and refinance transactions with particular strength in first-time homebuyer programs and jumbo loans for the Long Island market.
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Joseph Sorbara
NRL Mortgage
NRL Mortgage's Melville location provides exceptional mortgage services to Plainview residents with a reputation for transparent pricing and streamlined processes. Joseph Sorbara and his team are known for their expertise in investment property financing and government-backed loans, making them a top choice for both primary residences and rental properties. Their strong local presence and deep understanding of Nassau County's real estate market ensure clients receive tailored solutions with competitive terms.
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Anthony DeVito
Guaranteed Rate
Guaranteed Rate's Hicksville office, managed by veteran loan officer Anthony DeVito, brings national lending power with local expertise to Plainview homebuyers. With nearly two decades of experience serving Long Island communities, this team is renowned for their digital mortgage platform that speeds up approvals while maintaining personal service. They excel in jumbo loan financing and offer particularly competitive rates for high-credit borrowers, backed by their innovative technology and extensive product portfolio.
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Frequently Asked Questions
Common questions about mortgage lending in Plainview, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Plainview, NY?
Yes, Plainview homebuyers can access several New York State programs, including the SONYMA Achieving the Dream program, which offers competitive interest rates and down payment assistance. Additionally, Nassau County offers the HOME program for income-eligible buyers, which can provide assistance for down payments and closing costs, helping to offset the high upfront costs in this market.
How do Plainview's property taxes impact my mortgage qualification and monthly payment?
Plainview, located in the Town of Oyster Bay, has notably high property taxes, which are a significant component of your monthly escrow payment. Lenders will factor these taxes into your debt-to-income ratio, potentially reducing the loan amount you qualify for. It's crucial to get an accurate tax estimate early in your home search to understand your true monthly housing cost.
What is a typical down payment percentage needed for a conventional loan on a Plainview home?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Plainview's competitive market secure conventional loans with 10%, 5%, or even 3% down, depending on credit and program. Given the area's median home price, a 20% down payment is a substantial sum, so many local lenders are experienced in structuring loans with lower down payments and managing the associated PMI.
Does Plainview's location in a FEMA flood zone affect my mortgage process?
Parts of Plainview, especially those near the Plainview-Old Bethpage Greenbelt or other waterways, may be in designated flood zones. If your prospective home is in a Special Flood Hazard Area (SFHA), your lender will require you to purchase flood insurance as a condition of the mortgage, which will become part of your monthly escrow payment and must be factored into your budget.
How competitive is the mortgage pre-approval process for Plainview's housing market?
Extremely competitive. Given the high demand for homes in this top-rated school district, a strong, verified pre-approval from a reputable local lender is often a minimum requirement for sellers to consider your offer. Sellers favor buyers who use lenders familiar with Long Island's appraisal processes and closing timelines, as it reduces the risk of the deal falling through.
Nearby Cities
Explore mortgage lenders in cities near Plainview, NY
Why Choose a Mortgage Lender in Plainview?
Local Market Knowledge
Lenders who understand Plainview'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 Plainview and get competitive rates on your home loan.