The Best Mortgage Lenders in Westbury, NY
Compare verified mortgage lenders serving Westbury, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Westbury
Featured Mortgage Lenders
Bethpage Federal Credit Union
Bethpage Federal Credit Union
As one of Long Island's largest and most trusted credit unions, Bethpage Federal Credit Union has been serving Nassau County residents for over eight decades. They offer highly competitive mortgage rates and exceptional member service, with numerous branches throughout the region including convenient access for Westbury residents. Their mortgage specialists provide personalized guidance through the entire home buying process, and they consistently receive top ratings for customer satisfaction and community involvement.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established a strong presence throughout Long Island with multiple local offices serving Westbury and surrounding communities. They are particularly noted for their extensive loan options and exceptional customer service, with many reviews highlighting their responsiveness and expertise in navigating complex mortgage scenarios. Their local loan officers have deep knowledge of the Nassau County real estate market and provide personalized service from application through closing.
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NRL Mortgage
NRL Mortgage
NRL Mortgage has built an outstanding reputation across Long Island for their transparent lending process and competitive rates. While based in Hauppauge, they actively serve clients throughout Nassau County including Westbury, with many customers praising their efficiency and attention to detail. They specialize in both purchase mortgages and refinancing, offering a wide range of loan products with particularly strong expertise in conventional and government-backed loans for Long Island's diverse housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Westbury, NY
What are the current mortgage rates like for homebuyers in Westbury, NY?
Mortgage rates in Westbury are influenced by national trends but can vary slightly by lender and borrower profile. As a competitive suburban market in Nassau County, rates are often comparable to regional averages. It's advisable to shop around with both local banks and national lenders, as some local institutions may offer special programs or relationship discounts for Long Island residents.
Are there any special first-time homebuyer programs available specifically for Westbury?
Yes, first-time homebuyers in Westbury can access several New York State and Nassau County programs. Key options include the SONYMA (State of New York Mortgage Agency) Achieving the Dream program, which offers low interest rates and down payment assistance. Additionally, the Nassau County Homeownership Program provides eligible buyers with down payment and closing cost assistance, which is particularly helpful given Westbury's housing prices.
How does Westbury's property tax rate impact my mortgage qualification and monthly payment?
Nassau County, including Westbury, has some of the highest property taxes in the nation, which significantly affects your debt-to-income ratio and monthly payment. Lenders will carefully factor these taxes into your qualification. It's crucial to get an accurate tax estimate for any property, as your monthly escrow payment for taxes and insurance can sometimes rival your principal and interest payment.
What type of mortgage is most common for purchasing a home in Westbury's market?
Given Westbury's median home prices, which are above the national average, conventional conforming loans and jumbo loans are both very common. For many buyers, a 30-year fixed-rate mortgage is the standard choice for stability. However, for higher-priced properties exceeding the conforming loan limits (which are higher in Nassau County), a jumbo loan is necessary and typically requires stronger credit and larger down payments.
Are there any local credit unions or banks in Westbury that offer unique mortgage advantages?
Yes, using a local institution like Bethpage Federal Credit Union or Investors Bank (which has a strong presence on Long Island) can be advantageous. These lenders often have deep knowledge of the local Westbury market, may offer more flexible underwriting for unique properties, and sometimes provide community-focused loan products or discounts for existing members. Building a relationship with a local lender can streamline the appraisal and closing process.
Nearby Cities
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Why Choose a Mortgage Lender in Westbury?
Local Market Knowledge
Lenders who understand Westbury'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 Westbury and get competitive rates on your home loan.