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Tully, NY

The Best Mortgage Lenders in Tully, NY

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

3
Top Lenders
4.8
Avg Rating
470+
Reviews
10
Loan Types

Available Loan Programs in Tully

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Home Equity
Construction-to-Permanent

Featured Mortgage Lenders

1

Tompkins Community Bank Mortgage Department

Tompkins Community Bank

★★★★☆
4.8/5

Tompkins Community Bank is one of the most respected regional lenders serving the Tully area with deep roots in Central New York. As a community-focused institution with over 185 years of service, they offer personalized mortgage solutions with local underwriting and decision-making. Their mortgage team receives exceptional ratings for responsiveness, competitive rates, and guiding borrowers through the entire process. They're particularly strong for first-time homebuyers and offer special programs for local residents.

Experience:25 years
Reviews:150 customer reviews
100 North Tioga Street, Ithaca, NY 14850

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Empower Federal Credit Union Mortgage Services

Empower Federal Credit Union

★★★★☆
4.7/5

As one of Central New York's largest credit unions, Empower FCU serves the Tully community with exceptional mortgage services and member-focused lending. They consistently earn top marks for competitive rates, low fees, and outstanding customer service. Their mortgage specialists provide personalized guidance through every step, and as a credit union, they return profits to members through better rates and terms. They offer special first-time homebuyer programs and have deep experience with rural properties common in the Tully area.

Experience:20 years
Reviews:120 customer reviews
4821 West Taft Road, Liverpool, NY 13088

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

NEO Home Loans

NEO Home Loans

★★★★☆
4.9/5

NEO Home Loans is a highly-rated mortgage broker serving the entire Central New York region, including Tully. They excel at finding the best rates and terms from their extensive network of lenders while providing white-glove service. Customers consistently praise their responsiveness, transparency, and ability to close loans quickly. Their broker model allows them to shop multiple lenders to secure optimal financing, making them particularly valuable for borrowers with unique situations or those seeking the most competitive rates available.

Experience:15 years
Reviews:200 customer reviews
100 Metro Park, Suite 101, Rochester, NY 14623

Loan Types:

ConventionalFHAVAUSDAJumboConstruction-to-PermanentRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Tully, NY

Are there any special mortgage programs for first-time homebuyers in Tully, NY?

Yes, first-time homebuyers in Tully can access New York State's "Achieving the Dream" program, which offers competitive interest rates, down payment assistance, and closing cost help. Additionally, the USDA Rural Development loan is a popular option in the Tully area, as much of the region qualifies for its 0% down payment requirement, making homeownership more accessible.

How do property taxes in the Tully Central School District impact my mortgage affordability?

Property taxes in Onondaga County, including the Tully Central School District, are a significant factor in your monthly payment. While tax rates can be higher than the national average, Tully's overall home prices are often lower, which can balance the total cost. Your lender will calculate these taxes into your debt-to-income ratio, so it's crucial to get a precise estimate when determining your budget.

What is the typical down payment needed for a home in Tully's market?

While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Tully utilize programs with lower requirements. With median home prices relatively affordable compared to larger metros, down payments of 3%-5% are common for conventional loans, and FHA loans require as little as 3.5%. For eligible rural properties, USDA loans require 0% down.

Are there local lenders in Tully familiar with the unique aspects of the housing market, like older homes or well and septic systems?

Absolutely. Working with a local credit union or community bank in Central New York, such as those based in Syracuse or Cortland, is highly recommended. These lenders have specific experience with the appraisals and inspections required for Tully's mix of historic village homes and rural properties with private wells and septic systems, ensuring a smoother process.

How do seasonal weather conditions in Tully affect the home buying and mortgage process?

Tully's heavy winter snowfalls can delay home inspections and appraisals, potentially affecting your mortgage closing timeline. It's advisable to schedule these steps with ample buffer time during late fall through early spring. Furthermore, lenders may require specific insurance coverage for winter-related hazards, which can influence your overall monthly escrow payment.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Tully, NY

Searching for "home lenders near me" is one of the most crucial steps in your journey to owning a piece of Tully. It's more than just finding a name; it's about connecting with a financial partner who understands the unique rhythm of our local market. Tully, nestled in the scenic Finger Lakes region, offers a blend of rural charm, top-rated schools, and easy access to Syracuse. This creates a specific market dynamic that not every lender will fully appreciate. A local expert will know that a property's value isn't just in its square footage, but in its proximity to the village center, its view of the hills, or its access to the Tioughnioga River.

Your first actionable tip is to prioritize lenders with a physical presence in Onondaga or Cortland counties. Why? These professionals have established relationships with local real estate agents, appraisers, and title companies. They understand the nuances of appraising older, character-filled homes versus newer constructions in developments. When a bidding situation arises—which can happen in our desirable community—a local lender can often provide a faster, more reliable pre-approval letter, giving you a competitive edge with sellers who trust familiar local institutions.

New York State offers several regional programs that a knowledgeable local lender can help you navigate. The SONYMA (State of New York Mortgage Agency) programs are a prime example. These include low-interest-rate mortgages, down payment assistance, and special programs for first-time homebuyers. A lender familiar with SONYMA's guidelines can be invaluable, as they can seamlessly integrate these state benefits with your mortgage. Additionally, they’ll be well-versed in the property tax landscape in Tully and how it impacts your overall monthly payment and loan qualification.

Here’s your actionable plan: Start by asking your local real estate agent for two or three lender recommendations—they see who performs consistently. Then, don't just compare interest rates; compare service. Schedule consultations with a local credit union, a community bank with a Tully or Syracuse branch, and a mortgage broker with deep New York experience. Ask each one specific questions: "Can you walk me through SONYMA's First Home program?" or "How do you handle appraisals for a rural property with acreage here in Tully?" Their answers will reveal their local expertise.

Ultimately, the right "home lender near you" in Tully will feel like a guide. They’ll help you understand not just the numbers, but how those numbers work within the framework of buying a home in our special corner of Newondaga County. By choosing a partner grounded in our community, you're not just securing a loan; you're investing in a smoother, more informed path to calling Tully home.

Nearby Cities

Explore mortgage lenders in cities near Tully, NY

Why Choose a Mortgage Lender in Tully?

Local Market Knowledge

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