Top 5 Mortgage Companies in Long Island: A Brief Guide
If you're looking for a mortgage in Long Island, you have plenty of options. There are national and local banks, online lenders, and even credit unions to choose from.
To help you narrow down your choices, we've compiled a list of the top five mortgage companies in Long Island. We've considered factors like loan options, customer satisfaction, and ease of application to come up with this list.
1. Citibank - Best for FHA Loans
Citibank has a long history of working with the Federal Housing Administration (FHA), and its experience shows. Citibank offers a wide range of mortgage products, including fixed-rate and adjustable-rate mortgages, jumbo loans, and refinancing options.
Citibank’s customer service is also top-notch, with a dedicated team of home loan experts available to answer your questions and help you through the application process.
2. Veterans United - Best for VA Loans
One of the best mortgage companies for VA loans is Veterans United. Veterans United is a national lender that specializes in VA loans. They have helped over 650,000 veterans and military families finance their homes. Veterans United offers various VA loan products, including purchase, refinance, and cash-out refinance loans. Plus, they have a team of experienced loan officers dedicated to helping veterans get the home loans they need.
Veterans United has several advantages that make them an excellent choice for VA loans. First, they offer competitive interest rates. They also have a streamlined process that makes it easy to get a VA loan. Additionally, they offer some resources to help veterans understand the VA loan process.
3. Quicken Loans - Best for Online Loans
Quicken Loans is the largest online mortgage lender in the US, originating over $80 billion in loans in 2017 alone. They are a technology-driven company, which means they can offer a streamlined, digital experience for its customers.
Applying for a loan with Quicken Loans is quick and easy, and you can do it all from the comfort of your own home. Their website is user-friendly, and their loan process is straightforward. They also offer various loan options so that you can choose the best fit for your needs. Whether you're a first-time homebuyer, looking to refinance, or need a jumbo loan, Quicken Loans has you covered.
4. Guaranteed Rate - Best for First Time Home Buyers
Guaranteed Rate offers some of the best rates and terms for first-time home buyers, making them an excellent choice for anyone looking to purchase their first home.
Guaranteed Rate offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. They also have a wide range of loan terms, from 10 to 30 years, so you can find a loan that fits your needs. In addition, they offer several programs specifically for first-time home buyers, including down payment assistance and closing cost assistance.
5. Freedom Mortgage - Best for Self-Employed Individuals
If you're self-employed, you know that it can be tough to get approved for a mortgage. That's why we're highlighting Freedom Mortgage – the best mortgage company for self-employed individuals.
The team at Freedom Mortgage understands the unique challenges that self-employed borrowers face. They offer various loan programs to meet your needs, including FHA, VA, and conventional loans. And they have a streamlined process for self-employed borrowers that makes it easy to get approved.
Runner-Up - Lakeview Mortgage Bankers
Lakeview Mortgage Bankers is a mortgage company that specializes in home loans for Long Island residents. The company has been in business for over 20 years and has a team of experienced professionals who are dedicated to helping their clients secure the best possible loan terms.
Location: Massapequa, NY, Freeport NY
They understand that the traditional banking system can be frustrating, especially when you’re trying to get a loan. That’s why they offer a more flexible lending solution that can meet your unique needs. They can provide you with a loan for a similar length of time as a traditional bank loan but with lower interest rates.
Plus, Lakeview Mortgage Bankers' team of knowledgeable and experienced mortgage lenders is always available to answer any questions you may have. They also offer various other services, such as insurance quotes, at the click of a button. This way, you can get all the information you need in one place.
Lakeview Mortgage Bankers offers competitive interest rates and a pre-approval service that can be tailored to your needs. The staff are knowledgeable and will walk you through each step of the home buying process. They provide one on one personal service when it comes to your home loans. They tailor their service to meet your needs.
You have many options if you're looking for a mortgage company in Long Island like Lakeview Mortgage Bankers. All the companies on this list have excellent reputations and offer competitive rates. If you're unsure where to start, we recommend contacting several companies and getting quotes from each. Ultimately, the best mortgage company for you is the one that offers the best terms for your unique situation.