The Best Mortgage Lenders in Williston Park, NY
Compare verified mortgage lenders serving Williston Park, New York. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Williston Park
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender with a strong local presence in Nassau County, known for its personalized service and competitive rates. With over 20 years in business, they excel in various loan types and have high customer satisfaction ratings, making them a reliable choice for Williston Park residents seeking flexible mortgage solutions.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national lender with a significant footprint in the New York metro area, including Williston Park. They are praised for their digital mortgage process, competitive rates, and excellent customer service, with numerous awards and high ratings reflecting their commitment to efficiency and borrower satisfaction.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a well-established lender with a strong regional presence on Long Island, serving Williston Park with a focus on community-oriented service. They are known for their competitive rates, extensive loan options, and high customer satisfaction, backed by decades of experience and numerous industry accolades.
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Frequently Asked Questions
Common questions about mortgage lending in Williston Park, NY
What are the typical down payment requirements for buying a home in Williston Park, given its higher-than-average home prices?
For Williston Park's competitive market, a 20% down payment is common to avoid private mortgage insurance (PMI) and strengthen your offer. However, many local lenders offer conventional loans with down payments as low as 3-5%, and FHA loans with 3.5% down are also an option, though they may be less competitive in multiple-offer situations common here.
Are there any specific first-time homebuyer programs or grants available for Williston Park residents?
Yes, the New York State Homes and Community Renewal (HCR) offers the "Achieving the Dream" program, which provides down payment assistance up to $15,000 for first-time buyers in Nassau County, including Williston Park. Additionally, the Nassau County Office of Housing and Community Development may have local grants; it's crucial to work with a mortgage broker familiar with these layered programs.
How do property taxes in Williston Park impact mortgage qualification and monthly payments?
Williston Park has significant property taxes, often ranging from $10,000 to $20,000+ annually. Lenders will include this high escrow amount in your debt-to-income (DTI) ratio calculation, which can substantially reduce the loan amount you qualify for. It's essential to get a precise tax estimate early in your search to understand your true monthly payment.
What type of home insurance considerations are unique to getting a mortgage in Williston Park?
Due to Williston Park's location in Nassau County and its older housing stock, lenders will require a standard homeowner's policy and may mandate additional flood insurance if the property is in a designated flood zone (parts of the village are in Zone X). Sewer backup coverage is also highly recommended given the area's older infrastructure, which can affect insurance costs factored into your mortgage payment.
How competitive is the mortgage rate environment for buyers in Williston Park compared to the national average?
Rates in Williston Park are generally aligned with national averages but can vary slightly between local community banks, credit unions, and national lenders. Given the high loan amounts needed for the local market, even a small difference in rate has a large financial impact. It's especially important to shop around with lenders who have strong relationships with local sellers' attorneys and can ensure timely closings, which is a key competitive advantage here.
Nearby Cities
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Why Choose a Mortgage Lender in Williston Park?
Local Market Knowledge
Lenders who understand Williston Park'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 Williston Park and get competitive rates on your home loan.