When you're navigating the murky world of real estate finance, there is one brand in Rochester, NY stands out: Preferred Mortgage Corporation. From first time homebuyers to veteran business owners and investors, this independently owned mortgage brokerage is a source of experience with personalized service, as well as an expansive network of credit options. The company has licensed offices in New York and Florida, and expertise that spans Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients attain their financial goals clarity and confidence. fha loans rochester ny
Why should you choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
Contrary to banks who promote its own offerings, Preferred Mortgage operates independently. This means clients gain access to a diverse range of lenders and are able to evaluate rates, terms, and requirements that are tailored to their individual financial circumstances. Wherever you are, Webster, Brighton, Penfield, Greece, or anywhere within the Rochester area Preferred Mortgage guarantees that there's no limit to one lender's terms.
2. Licensed and Experienced Across States
With licenses that cover New York and Florida, the team has the ability for handling residential and commercial loans within different regulatory contexts. Their NLMS #44812 provides integrity, professionalism as well as transparency in each transaction.
Mortgage Services for All Needs
1. Home Mortgages in Rochester, NY
Homeownership is a dream to many, and Preferred Mortgage is committed to helping people achieve it. Their residential mortgage services include:
Conventional loans Rates competitive for buyers with good credit.
Mortgages from FHA Perfect for first-time buyers who have limited savings or less credit.
VA Loans - Designed to help veterans and active-duty military personnel with no down payment required.
USDA loan - Designed for rural property buyers who have zero-down options.
Jumbo Loans to properties of high value over traditional loan limits.
From the pre-approval of a mortgage from Rochester NY to closing the closing every step with a sense of clarity and passion.
2. Mortgage Refinancing
If homeowners are looking to lower their the monthly payment, reduce loan terms, or gain access funds, refinancing can be a beneficial option. Preferred Mortgage simplifies the process of:
Refinancing rates and terms
Refinancing a cash-out
Refinancing FHA, VA, and USDA loans
As a result of having access to the lowest rates on mortgages available in Rochester NY, clients can often save thousands over the course of their loan.
3. Commercial Mortgages
If you're in the market for office space, retail property or multi-family buildings, Preferred Mortgage's commercial division provides:
SBA Loans
Short-term bridge financing
DSCR loans (Debt Service Coverage Ratio as a basis for qualification)
Leasing for LLC-owned properties
New construction loans
Fix and flip the financing
Their commercial mortgage broker team in Rochester NY helps businesses secure the capital they need for expansion or restructuring.
Specialty Mortgage Solutions
1. copyright Loans
Self-employed people typically have difficulty getting loans using the standard documents. Preferred Mortgage provides Loans on Bank Statements within Rochester that evaluate income based on 12-24 months of business accounts, which is ideal for entrepreneurs, freelancers, and freelancers.
2. Help with Downpayment
In addition, the high initial costs can deter homeownership. 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 Investment Loans
For real estate investors, DSCR (Debt-Service Coverage Ratio) loans provide a qualification basis based on rental income and not personal W-2s or tax returns. This makes it simpler to expand portfolios and preserve personal liquidity.
Your Local Mortgage Experts: Rochester, NY
Personalized, Local Service
Based at 1674 Empire Blvd., Room 200 in Webster, NY Preferred Mortgage is a popular choice for the Greater Rochester Area comprising Greece, Penfield, Fairport, and Brighton. In contrast to online lenders and faceless national banks their team is local and responsive. They're ready to meet with customers personally and guide them from prequalification from prequalification to final.
Mortgage Calculators and Resources
The site has a wealth of tools such as they have a mortgage calculator in NY, educational resources, and financial guides. No matter what you're trying to find, "How much house can I afford in Rochester?" or "Should I take a fixed vs. adjustable mortgage?", you'll find an answer that is helpful.
The Pre-Approval Process is streamlined and simplified.
The process of getting Pre-approved to get a mortgage loan to purchase a house located in Rochester is the first stage in your journey to purchase. Pre-approved mortgage offers:
Quick online applications
Letters that are sent out on the same date as pre-approvals.
Expert advice on improving credit and increasing the possibility of being eligible
Clear explanations of mortgage terms and the requirements
If you're a first-time homebuyer or making the move to larger residence getting a mortgage commitment letter before appraisal helps you negotiate confidently.
Fix & Flip, Construction, and Investment Loans
For those who are building or investing in property, the company provides:
Repair and Flip loans with shorter terms and quick closings
NEW HOME Construction Credits for custom or spec build
Investment Property Loans customized to your specific portfolio goals
When you're financing through an mortgage broker to purchase an LLC residence or LLC property in Rochester or looking to explore real property investor loans and loans, The Preferred Mortgage team aligns funding with your strategy.
They are the People Behind the Service
Raving Client Reviews
With more than 19 glowing feedback on Google, Preferred Mortgage is well-known for its:
Transparent communication
Speedy, seamless processing
Solutions tailored to complex needs
The clients praise the professionalism and dedication of team members such as Chuck, Jason, Steve and Michele, who are known for their commitment and thorough approach.
Sample Testimonials:
"They walked me through every step and made the process effortless." Damla A. Damla A.
"Chuck and his staff were friendly and kept me updated." -- Leonard C.
"They were able to deliver exactly what they promised within the timeline we set." - Rob C.
This consistency guarantees them to be among the top loan brokers within Rochester NY.
Tools to Help You Make Sense of Borrowing
Preferred Mortgage doesn't only process loans. They help buyers. In everything from explaining the differences between banks and brokers to helping clients with no-doc mortgage alternatives or providing mortgage guidelines for home prospective buyers living in Rochester, the team ensures informed decision-making throughout every step.
Fixed in comparison to. Variable Mortgages
The right type of loan can be a huge factor in your financial health. Preferred Mortgage helps clients understand:
Fixed-Rate mortgages are ideal for budget-conformity over time.
Variable-Rate Loans: May start lower but carry market risk.
Their experts can guide you based on your risk appetite along with income stability and an investment horizon.
Contact and accessibility
You can contact Preferred Mortgage via a variety of channels:
Toll-Free: 800-320-0447
Office: 585-288-2930
Email: [email protected]
Client Login Portal for monitoring your loan application
There are also ways to connect on Facebook, Instagram, YouTube, LinkedIn, and X (Twitter) for updates and educational content.
Frequently asked questions
Q: Is a mortgage broker superior to a bank when it comes to a mortgage?
A: Absolutely, brokers can connect you to various type of loan and lender types, which means better rates in addition to more flexible terms and personalized service.
Q What's the difference in prequalification and pre-approval?
A: Prequalification is a simple review of your financial situation to determine the amount you can need to borrow. Pre-approval is a process of confirming your documents and allows you to borrow a conditional amount, which makes your offers more than competitive.
Q Is it possible to get a mortgage with bad credit?
A: Yes. Preferred Mortgage works with clients who are struggling with credit, and offers solutions like FHA loans and lender programs geared towards lower scores.
Final Thoughts
You may be looking for an mortgage for your home in Rochester NY, refinancing your mortgage, or finding funds for commercial expansion, Preferred Mortgage Corporation offers unmatched guidance, tools and support. Being a locally-based mortgage broker located in Webster, NY, they connect local resources and values that are centered on community. They can help clients secure the ideal mortgage with ease and speed.
Are you ready for your move?
Get pre-approved today!
Or, contact the team directly to discuss financing options with Rochester's most dependable mortgage experts.