Preferred Mortgage Broker for Brighton and Penfield NY
When navigating the complex world of real estate financing, one particular name from Rochester, NY stands out: Preferred Mortgage Corporation. From first time homebuyers to veteran business owners and investors, this independently owned mortgage brokerage brings experience, personalized service, and an extensive network of credit options. With licenses in New York and Florida, and a range of expertise that includes Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients realize their financial goals with ease and confidence. cash out refinance rochester nyWhy choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
Contrary to banks who promote different products for their customers, Preferred Mortgage operates independently. Its customers gain access to a various range of lenders that allow them to compare rates, terms, and other qualifications that are all suited to their individual financial circumstances. In Webster, Brighton, Penfield, Greece, or anywhere in the Rochester region, Preferred Mortgage ensures you're not restricted by one lender's terms.
2. Licensed and Experienced Across States
With licenses that cover New York and Florida The team has the ability to manage both residential and commercial loans within different regulatory frameworks. Their NLMS #44812 provides compliance, professionalism, and a clear understanding of every transaction.
Mortgage Services for All Needs
1. Home Mortgages in Rochester, NY
The dream of owning a home is one for many Preferred Mortgage is committed in making it possible. Their residential mortgage offerings include:
Conventional Lending Low interest rates available to customers with solid credit.
Affordable FHA Loans Great for first time buyers with a limited amount of savings or lower credit.
VA Loans - Designed for active duty military and veterans personnel with no down payment required.
USDA loans - Designed for rural property buyers that have no-down options.
Jumbo Loans - For high-value properties that exceed conventional loan limits.
From mortgage pre-approval in Rochester NY to closing They guide you through every step with precision and dedication.
2. Mortgage Refinancing
For homeowners seeking to lower monthly installments, cut the loan term, or gain access to funds, refinancing can be an effective option. Preferred Mortgage eases the process of:
Refinancing of rates and terms
Refinancing cash-out
refinancing FHA, VA, and USDA loans
Through accessing the most affordable mortgage rates within Rochester NY, clients will often save hundreds of dollars over the course of their loan.
3. Commercial Mortgages
In the event that you're purchasing retail space, office space or multi-family properties, Preferred Mortgage's commercial division provides:
SBA Loans
Short-term bridge financing
DSCR Lending (Debt Service Coverage Ratio based qualification)
Capital loans for LLC-owned homes
New construction loans
Fix and then flip the loan
Their team of commercial mortgage brokers in Rochester NY helps businesses secure the capital they need for expansion or restructuring.
Specialty Mortgage Solutions
1. copyright Loans
Self-employed people often have difficulty securing loans with the traditional documents. Preferred Mortgage offers the copyright mortgage in Rochester where they evaluate income on the basis of 12-24 months of statements from businesses. This is ideal for entrepreneurs, freelancers, and independent contractors.
2. The Down Payment Assistance
Costs for upfront expenses can deter home ownership. Through Down Payment Assistance Programs, first-time buyers or low-to-moderate-income families can get help covering their initial costs, moving them closer to their dream home.
3. DSCR Credits for Investors
For investors in real estate, DSCR (Debt-Service Coverage Ratio) loans can be qualified based on rental income rather than personal W-2s, or tax returns. This makes it easy to manage portfolios with a higher degree of flexibility while also maintaining personal liquidity.
Your Local Mortgage Experts Rochester, NY
Personalized, Local Service
Based at 1674 Empire Blvd. Suite 200, Webster, NY, Preferred Mortgage is a popular choice in the Greater Rochester Area which includes Greece, Penfield, Fairport and Brighton. In contrast to online lenders and national banks without a face their team is locally-based and accessible, ready to meet customers in person and assist from prequalification, through the commitment letter to closing.
Mortgage Calculators & Resources
Their website features robust tools like the mortgage calculator New York education resources, and financial guides. When you're thinking, "How much house can I afford in Rochester?" or "Should I choose a fixed vs. flexible mortgage?", you'll find valuable answers.
A streamlined Pre-Approval Procedure
Finding out if you've been an approval for mortgage loan to purchase a house to purchase a house in Rochester is the initial step in the buying journey. Preferred Mortgage offers:
Fast online applications
Pre-approval letters that are issued on the same day
Expert advice for improving credit and increasing the likelihood of getting credit
Explanations of mortgage terms and other requirements
If you're a new buyer or relocating to an older home A Mortgage commitment form prior to appraisal aids in negotiations.
Fix & Flip, Construction, and Investment Loans
For those who are building or investing in property The company offers:
Fix and Flip Loans with brief terms and speedy closings
A New Home Construction Credits for custom or spec home construction
Investment Property Loans made to meet the needs of your portfolio
You may be financing through an mortgage broker to purchase an LLC home situated in Rochester or looking to explore real estate investor loans, we can assist you. Preferred Mortgage team aligns funding with your goals.
There are People Behind the Service
Raving Client Reviews
With over 19 glowing ratings of Google, Preferred Mortgage is recognized for:
Transparent communication
Rapid, seamless processing
Tailored solutions to meet complex requirements
The professionalism of clients is evident in team members such as Chuck, Jason, Steve, and Michele and have become famous for their commitment and thorough approach.
Sample Testimonials:
"They guided me through each stage and made the entire process stress-free." - Damla A.
"Chuck and his team were courteous and kept me updated." It was Leonard C.
"They gave exactly what stated they would deliver within the specified timeframe." Rob C. Rob C.
This level of consistency makes them among the best lenders in Rochester NY.
Tools to Ensure a Knowledgeable Borrowing
Preferred Mortgage doesn't just make loans. They help buyers. Starting from explaining the difference between brokers and banks and assisting customers with no-doc mortgage options or providing mortgage guidelines for home prospective buyers living in Rochester, the team is able to make informed decisions at every step.
Fixed Vs. Variable Mortgages
Selecting the appropriate loan type can significantly affect long-term financial health. Preferred Mortgage helps consumers understand:
Fixed Rate Mortgages is ideal for budget stability throughout time.
Variable-Rate Loans can be lower in the beginning but they carry risk to the market.
Their advisors will advise you according to your risk appetite as well as income stability and investment goals.
Accessibility and Contact
You can contact Preferred Mortgage through a variety of channels:
Toll-Free: 800-320-0447
Office: 585-288-2930
Email: [email protected]
Client Login Portal for keeping track of your loan application
You can also connect with Facebook, Instagram, YouTube, LinkedIn, and X (Twitter) for updates and educational content.
Frequently asked questions
Do you think a broker is superior to a lender for a mortgage?
Answer: Absolutely, brokers can connect you to several lenders and loan types, which means better rates as well as more flexible terms and personal service.
Q: What's the difference between prequalification and pre-approval?
A Prequalification is a basic examination of your finances in order to determine how much you could be able to have to pay. Pre-approval is a process of confirming your documents and gives you a conditional loan amount, making your offers more attractive.
Q What is the best way to get a mortgage if I have bad credit?
A: Yes. Preferred Mortgage works with clients with credit challenges, offering solutions such as FHA loans and lender programs that are specifically designed for lower scores.
Final Thoughts
If you're looking for a home loan in Rochester NY, refinancing your mortgage, or seeking funding for your commercial expansion, Preferred Mortgage Corporation offers unmatched guidance, resources and services. as a local mortgage broker located in Webster, NY, they provide the best resources from across the country and a focus on community values to help you find the perfect mortgage at a speed and confidence.
Are you ready for your change?
Make an appointment today to get pre-approved
For more information, call the team to discuss your financing options with Rochester's most dependable mortgage experts.