The Best Mortgage Lenders in Scottsville, NY
Compare verified mortgage lenders serving Scottsville, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scottsville
Featured Mortgage Lenders
ESL Federal Credit Union Mortgage Department
ESL Federal Credit Union
As one of the most trusted financial institutions in the Rochester region serving Monroe County where Scottsville is located, ESL Federal Credit Union has built an exceptional reputation for mortgage lending with outstanding customer satisfaction. Their local presence and deep community roots spanning over a century make them particularly knowledgeable about the Scottsville area real estate market. They offer competitive rates, personalized service, and a comprehensive range of mortgage products with the advantage of being a member-owned cooperative. Their high ratings reflect consistent excellence in customer service and mortgage processing.
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Premium Mortgage Corporation
Premium Mortgage Corporation
Premium Mortgage Corporation is a highly-rated regional mortgage lender headquartered in Rochester with extensive experience serving the Greater Rochester area including Scottsville. They specialize in providing personalized mortgage solutions with local underwriting and decision-making, which allows for faster closings and more flexible lending criteria. Their team of experienced loan officers has deep knowledge of the local market conditions in Monroe County. The company consistently receives high marks for their responsive communication, competitive rates, and ability to handle complex mortgage scenarios while maintaining excellent customer service throughout the lending process.
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Fairway Independent Mortgage Corporation - Rochester
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation's Rochester branch serves the Scottsville area with exceptional mortgage services and consistently receives outstanding customer reviews. As a nationally recognized mortgage lender with strong local presence, they combine the resources of a large lender with personalized local service. Their Rochester team has extensive knowledge of the local real estate market and offers competitive rates across all loan products. They are particularly praised for their efficient processing, transparent communication, and ability to close loans quickly. The company's strong technology platform and dedicated local loan officers make the mortgage process smooth and stress-free for Scottsville homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Scottsville, NY
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Scottsville, NY?
Yes, homebuyers in Scottsville can access statewide programs like the SONYMA (State of New York Mortgage Agency) Achieving the Dream loan, which offers competitive rates and down payment assistance. Additionally, the Monroe County HOME Rochester program may provide assistance to eligible buyers in the county, including Scottsville. It's wise to consult with a local lender familiar with these programs to determine your eligibility.
How do property taxes in Scottsville, NY, impact my mortgage qualification and monthly payment?
Property taxes in the Town of Wheatland (which includes Scottsville) are a significant component of your monthly escrow payment. Monroe County has relatively high property tax rates, which lenders will factor heavily into your debt-to-income ratio. When getting pre-approved, ensure your lender uses accurate local tax estimates, as this can substantially affect the home price you can afford.
What is a typical down payment required for a mortgage on a home in Scottsdale's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Scottsville successfully purchase homes with down payments as low as 3% (conventional) or 3.5% (FHA). Given the area's mix of historic homes and newer constructions, loan type and property condition can influence requirements. Local credit unions and banks often have competitive programs for qualified buyers with smaller down payments.
Are USDA rural development loans available for homes in Scottsville, NY?
Yes, Scottsville's location qualifies it for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This can be a major advantage for buyers looking in this area, as it includes many properties just outside the more urbanized parts of Monroe County. A lender can confirm a specific property's eligibility via the USDA eligibility map.
How does Scottsville's proximity to Rochester influence mortgage lending and insurance requirements?
Being part of the Greater Rochester area provides access to a wide network of local lenders and competitive rates. However, due to the older housing stock common in Western New York, lenders may require specific inspections (like a thorough roof or septic review for rural lots) and you may face stricter requirements for FHA 203(k) renovation loans if the home needs work. Flood insurance is also a consideration for properties near the Genesee River.
Nearby Cities
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Why Choose a Mortgage Lender in Scottsville?
Local Market Knowledge
Lenders who understand Scottsville'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 Scottsville and get competitive rates on your home loan.