New York Home Loans

What to Expect

When you work with eLEND, you’ll receive personalized service from an experienced eLEND consultant. He or she will walk you through all your home financing options, whether you want the peace of mind of a fixed-rate mortgage, or you prefer a loan that will get you into your new home with little money down. With so many different mortgage programs to choose from, you’ll likely find something to fit your needs and budget.

Home Loans in NY

Some of Our Most Popular NY Home Loans

Several factors will be considered to determine if you’re eligible for an FHA loan, including:

• Fixed Rate Loans – We offer a number of conventional and government backed fixed rate financing solutions ranging from 10-30 year terms.
• Adjustable Rate Mortgages – ARMs often have attractive introductory rates that provide you an opportunity for a lower monthly payment for the first few years of your loan.
• 203K Rehabilitation Loans – This can be a good choice if you need to make repairs or improvements on a home without an equity line of credit.
• VA Loans – Eligible military veterans can take advantage of this no money down program, which may also be available for certain active duty service men and women, and surviving spouses.
• USDA Mortgages – Zero money down financing alternative for lower and middle income borrowers in designated rural areas of New York State.
• FHA Loans – Popular low money down programs at competitive interest rates.
• Manufactured Home Financing – Financing options for both single wide and double wide mobile homes on owned land.

New York Mobile Home Financing from eLEND

It’s not always easy to navigate financing options if you’re considering a manufactured home purchase in New York, but eLEND can help you take the mystery and aggravation out of the process. We also offer affordable options if you want to refinance the mobile home you already own.

In states like New York where real estate prices can be high, purchasing a mobile home could be a smart move. eLEND offers a variety of manufactured home financing options, including a program backed by the Federal Housing Administration (FHA) that can allow you to finance a manufactured home with the peace of mind that comes with a low fixed interest rate.

Types of Homes That Qualify

Properties that are Eligible for Mobile Home Financing

Many homes considered manufactured are eligible including both single wide and double prefabricated homes. They must be at least 400 square feet, and the loan must also cover the land the home will sit on.

Homes built after 1976 can qualify, as long as they comply with federal construction and safety standards. There are other eligibility requirements.

Find out now how much you might be able to qualify for the purchase of a manufactured home in New York by requesting an online quote, or speak to an eLEND consultant today by calling (800) 634-8616.

Mobile Home Refinancing Made Simple

Take the Headache out of Refinancing a Mobile Home

eLEND can also help you streamline the refinancing process if you’re ready to take advantage of a lower interest rate on the mobile home you already own. Just give us a call and let us help you start enjoying a lower monthly payment on your New York mobile home.

Note that we also offer New York USDA loans to borrowers seeking to purchase or refinance properties in rural areas. USDA mortgages can also be used to finance manufactured homes in New York State.

You can learn more about our various home financing solutions in the Empire State state here. We have programs to meet the needs of most residential home buyers and homeowners.

New York FHA Loans

eLEND is pleased to offer FHA loans to homebuyers and homeowners throughout the great State of New York. Whether you are a home buyer shopping for your first home or someone who is looking to refinance to a lower interest rate, talk to the home loan professionals at eLEND to see if a FHA mortgage is right for you.

FHA Loan Benefits

FHA Loan Benefits

Loans backed by the FHA are some of the simplest to qualify for, and are especially popular with first-time home buyers. Your down payment could be as low as 3.5 percent, depending on your credit history. They’re available in both 15 and 30 year loan terms, making it easier to tailor to your budget needs. Of course, some rules apply – for instance, the home you’re financing through FHA must serve as your primary residence. A friendly and knowledgeable eLEND consultant can help you determine if an FHA loan will work for you.

• Low down payment requirements; can finance a home with as little as 3.5% down.
• Low mortgage rates.
• May be easier to qualify for compared to other loan programs.
• Available in 30 year and 15 year loan terms.

Refinance & Purchase with FHA Loans

Whether you’re buying your first home in New York, or want to refinance your existing home, there are several options that might be just right for you:

• Purchase Loans – Buy a home with as little as 3.5% down. FHA guidelines also allow for the down payment to come from gift funds and for seller-paid closing costs up to 6%.
• Refinance – Rate and Term, Cash-Out and Streamline Refinancing options available, all with affordable FHA terms. Talk to an eLEND mortgage experts for details.

Call eLEND at (800) 634-8616 to learn about all your New York FHA loan refinancing options. Some other FHA loan options include mobile home loans, and renovation/rehab loans.

Less Than Perfect Credit?

Credit Requirements for FHA Loans

If the last few years have been tough on your credit score, you’re not alone. Low credit doesn’t mean your dream of homeownership is out of reach. eLEND has helped many people throughout the Empire State purchase a home with a low down payment through a mortgage program insured by the Federal Housing Administration.

Contact eLEND today to see if one of these flexible, government-insured options can turn your dream of homeownership into a reality.

New York USDA Loans, Rural Housing Loans in NY

Why Choose a USDA Home Loan?

A housing loan backed by the US Department of Agriculture offers a variety of attractive benefits. They have competitive interest rates, compared to conventional loans, and zero money down financing is available. In most cases, a USDA Rural Housing Loan can be used for both new and existing property. If you’re buying an existing home, the seller can even contribute to the closing costs.

Who Qualifies for a USDA Loan?

Eligibility Requirements

As a USDA mortgage applicant, you must meet certain income guidelines for the amount you wish to borrow. The home you purchase must be your primary residence, and you must have an acceptable credit history and score. The property must be located in a rural development eligible area, but these areas are not always as remote as you may think. Consult the USDA Rural Development website for an eligibility map to see if your New York property qualifies. You can also call a licensed NY mortgage loan originator at eLEND and he or she will help you navigate the process.

A USDA Rural Housing loan through eLEND could be the right option for you if you are looking to purchase a home in New York State, even if your income is considered to be low to moderate. A seasoned eLEND expert can help you learn if you qualify for this government-insured program. Call us today at (800) 634-8616 and let us guide you through all the eligibility requirements.

eLEND offers a number of low and no money down programs in the state including NY FHA loans (3.5% down*) and VA loans (0 down*). And, we have a number of conventional home loan options with down payments typically in the 5-20% range.

Why Work with eLEND?

Professional Service & Competitive Rates

When you work with eLEND, you not only have access to a wide variety of home financing programs, you will also receive personalized, one-on-one service from a friendly and knowledgeable mortgage expert who will guide you through the process every step of the way. Whether you’re buying your first home or refinancing an existing mortgage, eLEND will work hard to help you find the loan you need at a rate you can afford.