Top-rated mortgage broker in Melville, New York, Artisan Mortgage provides VA, FHA, USDA, home renovation & construction loans, and low mortgage refinancing rates in nearby areas of West Babylon, Commack, West Islip and Dix Hills, NY, from the best Long Island lenders.
Whether you're considering refinancing your existing home loan in West Babylon, preparing to buy your dream home in Melville for the first time, or need an FHA loan in Commack NY we will put the knowledge and experience of our trained staff to work for you.
Our friendly mortgage brokers in Melville, NY serving Long Island including Babylon, Commack, and nearby cities are known for quick response and personalized service. Artisan Mortgage is your partner in the home loan process.
Any company can take your application and quote you a rate, but only the best can shake your hand at closing with confidence. Call us at 1-800-499-0141 today to learn more, prequalify for a mortgage or fill out the form to get started!
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Since you've found your new house in Melville NY, where would you starting? Our team of financial experts assisted a lot of people to buy their homes. We can assist you too. What is the most baffling part on investing in a house? Fixed and adjust rate loans? The closure procedure? Prior to starting onto house searching around, you have to know your financial situation. That way you will eliminate stuns down the road, and you will be able to fully enjoy in owning house rather than consider it as an overcoming burden. Prior to purchase house you have to look at your monthly income, monthly debts and credit history. You have to inquiry about the loan closing costs and deposit amount.
Conventional loans in Melville NY are financed through financial institutions or mortgage companies and then bought by one of two government-sponsored enterprises, Fannie Mae or Freddie Mac. In previous times Fannie and Freddie were private businesses but they are nowadays quasi government organizations since being taken over by the government soon after the real estate problems. Conventional loans are also known as conforming lending because the loans that are financed must comply with Fannie and Freddie's recommendations. This calls back to idea of everyone being a broker these days, because even if your financial institution funds the loan they are underwriting and selling to either Fannie Mae or Freddie Mac. If they are not purchasing, the lender is not loaning.
A FHA 203K loan is an excellent product allowing to get home loan financing that can involve payments towards expenses of maintenance and improvements to a property. There are various things and facts that get into the program; however we would like to provide a general summary of the product. Mostly, a 203K program is utilized for purchase and restoration. That turns an essential product whenever a prospective property fails to meet lowest residence requirements. We make sure your best interests are our first priority and that the Melville NY home loan we get for you is stable and affordable.
The USDA house loan is program backed by the Department of Agriculture. The USDA guarantees loans made by financial institutions under this program. In order to be qualified for this program the residence must be a personal house situated in a region designated by USDA. The USDA loans allow you to fund up to 100% of the value of the property. No down payment is needed. Just like the VA mortgage, there is an advance guarantee fee which is generally 2% but the USDA also provides a yearly fee of .4%. It's just like mortgage insurance but known as a guarantee fee.
For people who require larger loans comparing to others, our mortgage brokers are here to assist those who need considerable loan amounts. For qualified borrowers in Melville NY who need additional funds to finance their homes we provide jumbo loans. We will do the best to provide you a jumbo loan with a competitive interest rate. In case that you do not qualify today we will work with you and try to find solution that suits your financial situation. We take the time to look at your situation, understand your goals, and find the Melville NY mortgage loan that best meets your needs. We plan to provide your home financing demands in the course your life-time, therefore make best use of a lot of expert solutions we provide to our respected customers.
Once you have decided to apply for a reverse mortgage, you ought to get in touch with our loan officer. This is a special type of mortgage that elderly people can sometimes get to change over the value in their houses to money. There are different types of reverse mortgages to choose from. With this type, you continue to own your house with the lending company paying to you. The applicants ought to be at least 62 yrs old. If you would like to find out more about Melville NY reverse mortgages and how it could supply the revenue you would like to have for your retirement lifestyle, please get in touch with our experts so we could explain how a reverse mortgage works.
No matter if you are building your first family home, pension house, or you have just patiently waited to create up your dream house, our network of house construction lenders can fund the household of your dreams. Use the home construction loans that we offer. If you're searching for about residential renovation and construction loans, you might have found the right start! If you are looking for a stress free way to renovate or reconstruct existing place or to build a new office our construction loans are the best choice.
Working with variety of lenders allows us to provide the most competitive loan programs including Conventional, FHA, VA, USDA, Home Equity and Jumbo loans. We make the effort to deliver a smooth, hassle-free experience through entire mortgage process. Whether you are interested in home refinancing or your very first Melville NY mortgage use the knowledge of our mortgage brokers to help you reach your financial goals.
Our highly experienced team will be able to help you reach your goals through personalized service and you'll receive assistance with a wide array of programs to match your current financial situation.
Artisan Mortgage Company is a full service Melville, New York mortgage broker providing a variety of home loans to Babylon, Commack, West Islip and Dix Hills NY residents specializing in FHA, VA, and conventional programs.
Learn more about median home value: www.zillow.com/melville-ny/home-values/