The Best Mortgage Lenders in Roscoe, NY
Compare verified mortgage lenders serving Roscoe, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Roscoe
Featured Mortgage Lenders
Hudson Valley Credit Union
Hudson Valley Credit Union
Hudson Valley Credit Union is a highly-rated local lender with deep roots in the Catskills region, serving Roscoe and surrounding areas. Known for exceptional customer service, competitive rates, and a member-focused approach, they offer personalized mortgage solutions. Their long-standing community presence and high satisfaction scores make them a trusted choice for home loans in Sullivan County.
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M&T Bank
M&T Bank Corporation
M&T Bank has a strong regional presence in upstate New York, with branches near Roscoe providing local expertise and reliable mortgage services. They are praised for their competitive rates, wide range of loan products, and commitment to customer satisfaction. Their extensive experience and community involvement make them a top contender for mortgages in the area.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender known for its innovative digital platform and competitive rates, serving Roscoe and all of New York. With a focus on efficiency and customer satisfaction, they offer a seamless online experience and a variety of loan options. Their strong reputation and high review counts highlight their reliability and excellent service.
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Frequently Asked Questions
Common questions about mortgage lending in Roscoe, NY
Are there any special mortgage programs for first-time homebuyers in Roscoe, NY?
Yes, New York State offers the SONYMA (State of New York Mortgage Agency) programs, which are accessible to Roscoe buyers. These include low-interest rate mortgages, down payment assistance, and specific programs for veterans. Local lenders in Sullivan County are well-versed in these programs and can help you determine eligibility based on income and the purchase price of homes in the Roscoe area.
How does the rural nature of Roscoe and its location in the Catskills affect the mortgage appraisal process?
Appraisals in Roscoe can be more complex due to the rural setting and unique properties, such as cabins, land parcels, and homes on well and septic systems. Lenders will require appraisers familiar with the local market to find appropriate comparable sales, which may take longer than in urban areas. It's crucial to work with a lender experienced in rural properties to ensure a smooth process.
What are typical down payment requirements for a mortgage on a vacation or second home in Roscoe?
For a second home or vacation property in Roscoe—a popular destination in the Catskills—lenders typically require a higher down payment, often 10% to 20% or more, compared to a primary residence. Interest rates may also be slightly higher. Strong credit and proof that you can afford both mortgage payments are essential for approval in this recreational market.
Are USDA Rural Development loans available for homebuyers in Roscoe, NY?
Absolutely. Roscoe's location qualifies it for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a significant advantage for buyers looking at primary residences in the area. You should check the USDA eligibility map for the specific property and work with a lender approved to originate these government-backed loans.
How do property taxes in the Town of Rockland (which includes Roscoe) impact mortgage affordability and qualification?
Property taxes in Sullivan County and the Town of Rockland are a key factor in your total monthly payment. While New York has high property taxes overall, rates in this rural area can vary. Your lender will calculate your debt-to-income ratio including these taxes, so it's important to get an accurate estimate early. Some local programs may offer tax exemptions for veterans, seniors, or agricultural use.
Nearby Cities
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Why Choose a Mortgage Lender in Roscoe?
Local Market Knowledge
Lenders who understand Roscoe'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 Roscoe and get competitive rates on your home loan.