The Best Mortgage Lenders in West Harrison, NY
Compare verified mortgage lenders serving West Harrison, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in West Harrison
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Westchester County, known for its competitive rates, fast closing times, and excellent customer service. They offer a fully digital mortgage experience and have consistently high ratings for their transparency and efficiency. Their White Plains office serves West Harrison and the surrounding areas, making them a reliable choice for homebuyers seeking a smooth and streamlined process.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender with a dedicated local branch in White Plains that actively serves West Harrison. They are praised for their personalized service, extensive loan options, and expertise in handling complex mortgage scenarios. With a focus on community engagement and customer satisfaction, they have built a strong track record of helping borrowers secure favorable terms and navigate the home financing process with ease.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a well-established lender known for its exceptional customer service and community-focused approach. With a local office in White Plains, they serve West Harrison residents by offering competitive rates, flexible loan products, and dedicated support throughout the mortgage process. Their long-standing reputation for reliability and high customer satisfaction makes them a trusted choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in West Harrison, NY
What are the typical down payment requirements for a home in West Harrison, NY, given its high property values?
Due to West Harrison's high median home prices, which often exceed the national average, conventional loans typically require a 20% down payment to avoid private mortgage insurance (PMI). However, for qualified buyers, jumbo loans are common here and may require 10-20% down, with stricter credit and reserve requirements. It's crucial to work with a lender experienced in Westchester County's high-value market.
Are there any specific first-time homebuyer programs or grants available for West Harrison residents?
While West Harrison itself may not have a unique municipal program, buyers can access New York State and Westchester County initiatives. Key programs include the SONYMA Achieving the Dream loan, which offers competitive rates and down payment assistance, and the Westchester County Homeownership Program. Eligibility often includes income limits and a homebuyer education course.
How do property taxes in West Harrison, NY, impact mortgage qualification and monthly payments?
West Harrison's property taxes are a significant factor, as the Town of Harrison has some of the highest effective tax rates in Westchester County. Lenders will include these taxes in your debt-to-income (DTI) ratio calculation, which can reduce the loan amount you qualify for. It's essential to budget for an escrow payment that may add $1,500-$3,000 or more to your monthly mortgage payment.
What type of mortgage rate trends should buyers expect in West Harrison compared to national averages?
Mortgage rates in West Harrison generally align with national averages but can be slightly influenced by New York State's higher closing costs and the jumbo loan market prevalent in the area. For conforming loans, rates are competitive, but for jumbo loans (common for homes above $1,149,825 in 2024), borrowers may see rates that are sometimes lower or require excellent credit to secure the best terms.
Are there special considerations for getting a mortgage for a condo or co-op in West Harrison?
Yes, financing condos and especially co-ops in West Harrison has unique hurdles. Lenders will scrutinize the condo association's finances, insurance, and owner-occupancy rates. For co-ops, which are common, you are getting a share loan rather than a traditional mortgage; these often require larger down payments (20-25% is standard) and have more restrictive lender approvals for the building itself.
Nearby Cities
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Why Choose a Mortgage Lender in West Harrison?
Local Market Knowledge
Lenders who understand West Harrison'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 West Harrison and get competitive rates on your home loan.