Are you a first time home buyer or thinking about refinancing your existing home mortgage for a better rate? With affordable interest rates, flexible loan programs in New York NY, and fast, courteous service, our experienced New York mortgage brokers can help you achieve more.
We work with many lenders and have different types of home loans in New York NY to fit all of your needs including government FHA 203k, VA, bad credit, first time home buyer program, home improvement, construction and equity loans throughout the all five boroughs of NYC - Manhattan, the Bronx, Queens, Brooklyn and Staten Island.
The median listing home price was $749K in December 2022, trending down -14.9% compared to last year.
Dial (833) 844-0141 to speak with the mortgage experts at Artisan Company about your options, prequalify for a loan or fill out the simple form on this page to find out about mortgage programs that may help make your next real estate purchase a reality.
First Time Home Buyer Program
If you are first time home buyer there are many different mortgage loans in New York NY available to the consumer today across NYC including Brooklyn, Manhattan, Queens, the Bronx and Staten Island.
Here at Artisan, we want to help you get on a strong path towards achieving your long-term financial goals, and to help you plan for your family's financial well being in the years to come. We can give you the quickest possible response to your loan request. Fill out the form or talk to one of our loan officers today, and they will assist you with the financing best suited for you.
We recognize unique solutions are required for each family and offer many different loan programs to accommodate that requirement. We believe in listening to the customer's desires and understanding their goals, providing them with accurate information in an understandable format, and empowering our customers to make the decisions.
Here, our loan officers will work with you to find the best financial solutions tailored to better suit your mortgage needs. Furthermore, they will offer you what very few other can:
The following overview provides some of the mortgage programs that we currently offer and explains what you should consider when choosing one. The three basic types of mortgage are: purchase mortgage, refinance mortgage and home equity line of credit.
The most popular of loans, conventional mortgages can have either fixed or adjustable rates, making it a flexible choice for many homebuyers. Long term loans are good if your outlook on keeping both the loan and the home is a long term view. Also these are appropriate if you are adverse to risk. Short term loans such as the 10 year, 15 year and 25 year fixed loans mean greater interest savings over the life of the loan, but also they mean higher monthly loan payments since they are spread over a shorter time period.
Less Than Perfect Credit
The road of life can sometimes include bumps along the way, that’s why we offer several types of loan programs for those with less than perfect credit. Contact us to learn more about bad credit home loans in New York NY as we offer loans for both business and personal needs. If you are expanding your business, buying or building a new home, or investing for your future we have a loan to assist you in reaching your goals.
Ready to finance the home you’ve been dreaming of? A jumbo loan, which is larger than the limits set by Fannie Mae and Freddie Mac, can be anywhere between a few hundred thousand to well over a million. Understanding the many challenges facing clients, we will respond quickly to your loan request, with comprehensive and innovative lending solutions.
Efficient Approval Process
While you are looking for your dream house, we can make a conditional loan approval in about 24 to 48 hours after we receive the required documents from you. This will give you an instant edge over other buyers and strengthen your negotiation power during the home-searching process. We are a full service, independent business and we have access to premium lenders throughout the state. Before you conduct business with any company, you should feel confident that you're dealing with a financially sound organization with a good reputation.
We work with the best-established mortgage lenders and offer a variety of loan products including FHA, VA, home improvement and home equity loans in New York NY throughout the 5 boroughs of NYC:
If you are considering building a new home or renovating an old one, we offer home improvement and construction loans in New York NY, to finance the acquisition and construction costs. Our loan officers will assist you in developing a loan program that best suits your specific needs.
We can offer expert guidance on selecting a mortgage program that will match with your personal financial situation. We have listed below the solutions we have to offer.
Adjustable Rate Loans
ARM's (Adjustable Rate Mortgages) are the best for cash flow and for the "short term outlook" (Usually two years or less).
These loans will typically have scheduled payments that will pay off at the end of the loan period. These types of mortgages are good for those items that are a set price or a set consolidation where you will not be requiring use of the funds more than one time and you prefer to have a set loan payment schedule. We are able to offer second mortgages up to a 240 month term or twenty years.
Fixed Rate Mortgage
A fixed rate loan has interest rates and payments that stay the same for the life of the loan and allows you to budget with confidence. We offer plans that include construction, commercial real estate purchases, bridge loans and refinance of existing debt. Our seasoned staff can help you structure a loan program, specifically designed to meet your business needs.
Whether you want to buy a home or refinance mortgage in New York NY here are some of the most popular loan programs in NYC available in Manhattan, Brooklyn, Queens, Staten Island and The Bronx:
We encourage and enjoy clients coming into the our office, but for those times that it is not convenient for you to come to us we online access including easy-to-use services that put you in control of your account.
There are more advantages: Investment or rental homes are financed at the regular conventional mortgage rate with as little as 10% down. Second homes, or vacation homes, require only a 5% down payment.
Fixed 30 year mortgages
These are mortgages where the rate is set for the entire lifetime of the mortgage and therefore the rate of payment remains constant for 360 months (30 years). These mortgages can collateralize up to 97% of the value of the home and can be obtained as either purchase or refinance mortgages.
With all of your debt combined into one convenient payment, you can free yourself from having to pay and mail multiple bills each month. Consolidating your bills does not have to be confusing or intimidating. Working with people you know who will take the time to truly understand your individual financial needs.
NYC Housing Metro Market Overview (2022)
Interest Only Loans
For homeowners with disciplined spending habits, interest only loans create exciting opportunities to become debt free or to effectively utilize the accumulated equity in their existing home. Borrowers who do not have a history of personal spending discipline may want to consider other types of mortgage loans since the only increase in equity available will be derived from appreciation.
Refinancing mortgage in New York NY is a very popular option for homeowners who want to lower their monthly payments, reduce their mortgage term, or get cash for home improvements, debt consolidation, or a major expense like a college education.
Many people seem to think the premium time for refinancing has passed. This just isn’t so. Interest rates are still at their lowest in years.
Most popular refinancing options across the 5 boroughs are: fixed-rate and adjustable-rate (ARM) mortgages, FHA (Federal Housing Authority) loan, VA (Veterans Affairs) loans and Home Affordable Refinance Program (HARP).
We have competitive mortgage rates for a few reasons. Being a strong Brokerage Company we are approved with many different investors (loan sources). Some of these are strictly "Wholesale" and other lenders are household names. Either way, you do not pay more by using our services!
Home Equity Lines are a revolving form of credit in which the borrower is using their home as collateral. The interest rate is typically tied to the Prime Rate and floats. There are many different equity lines available. A majority of them offer the borrower the opportunity to draw from the line for a ten year period by writing checks or wiring money from the account. If you have been thinking about obtaining a equity line, you may also want to review your options for a second mortgage that is fixed for a set term.
If you’ve ever applied for a credit card, a car or house loan to make a large purchase then you’ve had your credit report reviewed by the lender. The lender uses this information to decide how much credit to extend and at what interest rate.
A Good Reputation
We encourage you to learn about our financial strengths. We are A+ rated BBB accredited business and member of National Association of Mortgage Brokers (NYAMB). Thanks to modern communications technology, we offer all of the consumer financial services you would expect to find at a major statewide institution.
Look to our special offers page for other promotional and special programs that are available through us. We can discuss these programs with you by filling out the contact us form or by calling during business hours (833) 844-0141.
Artisan Company is pleased to offer a wide variety of residential mortgage loans in New York NY including bad credit, FHA, VA, jumbo, home improvement, construction and home equity loans to qualifying borrowers in NYC.