When you're navigating the murky world of real estate financing, one name within Rochester, NY stands out: Preferred Mortgage Corporation. From first-time homebuyers, to experienced investors and commercial property owners, this independently owned mortgage broker provides expertise personal service and an expansive network of credit options. Licenses are in New York and Florida, and an expertise that covers Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients achieve their financial goals with clarity and confidence. va loans rochester ny
Why should you choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
In contrast to banks that promote an exclusive product, Preferred Mortgage operates as an independent. The result is that customers have access to an various range of lenders and can review rates, terms and other qualifications that are all suited to the specific needs of their financial situation. Whether you're in Webster, Brighton, Penfield, Greece, or anywhere within the Rochester region Preferred Mortgage guarantees that there's no limit to one lender's terms.
2. Certified and Experiential across States
With licenses In New York and Florida The team has the experience to manage residential as well as commercial loans across different regulatory environments. Their NLMS #44812 is a guarantee of integrity, professionalism and a clear understanding of every transaction.
Mortgage Services for Every Need
1. Home Mortgages in Rochester, NY
Homeownership is a dream for many and Preferred Mortgage is committed to bringing it into the reach of everyone. Their residential mortgage products include:
Conventional loans Low rates for buyers with good credit.
FHA Loans Great for first time buyers with limited savings or a lower credit score.
VA Loans - Designed to assist veterans and active military personnel without a down payment required.
USDA Credit targeted at rural property owners with no-down options.
Jumbo loans for properties with a value beyond the limits of conventional loans.
From mortgage pre-approval to mortgage pre-approval in Rochester NY to closing they will guide you through every step with a clear mind and dedication.
2. Mortgage Refinancing
If homeowners are looking to lower their the monthly payment, reduce loan terms, or access capital, refinancing can be a good option. Preferred Mortgage simplifies the process of:
Refinancing and rate
Refinancing of cash-outs
refinancing FHA, VA, and USDA loans
As a result of having access to the lowest mortgage rates for Rochester NY, clients typically save thousands over the course of their mortgage.
3. Commercial Mortgages
If you're looking to acquire office space, retail property or multi-family buildings, Preferred Commercial Mortgage offers:
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 finance
Their team of commercial mortgage brokers located in Rochester NY helps businesses secure the capital they require to expand or remodel.
Specialty Mortgage Solutions
1. copyright Loans
Self-employed individuals are often faced with difficulty getting loans using traditional documentation. Preferred Mortgage offers Loans on Bank Statements within Rochester, evaluating earnings based on 12-24 month of company statements. Ideal for freelancers, entrepreneurs, and independent contractors.
2. Support for Down Payments
The high upfront cost can discourage 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 allow for qualification based upon rental income as opposed to personal W-2s or tax returns. This makes it easier 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, Building 200 at 1674 Empire Blvd, Webster, NY Preferred Mortgage is a popular choice for The Greater Rochester Area, including Greece, Penfield, Fairport and Brighton. As opposed to online lenders, or national banks without a face their team is locally-based and responsive, able to meet with clients personally and guide them from prequalification, through the commitment letter until closing.
Mortgage Calculators & Resources
Their site offers a variety of useful tools such as for example the mortgage calculator for NY education resources, and financing guides. If you're looking for answers to questions like, "How much house can I afford in Rochester?" or "Should I choose a fixed vs. adjustable mortgage?", you'll find valuable answers.
The Pre-Approval Process is streamlined and simplified.
Getting pre-approved for a home loan at Rochester Rochester is the initial step on the journey to buy a home. Pre-approved mortgage offers:
Online applications that are fast and efficient.
Pre-approval letters that are issued on the same day
Expert assistance for improving credit and increasing the possibility of being eligible
The mortgage terms are clearly explained as well as the conditions
For those who are first-time buyers or making the move to larger residence, having a Mortgage commitment form before appraisal will help you negotiate more confidently.
Fix & Flip, Construction, and Investment Loans
For home builders and investors, the company provides:
Repair and Flip loans with brief terms and speedy closings
new home Construction Finance for custom or spec homes
Investment Property Loans specifically designed to fit your investment goals
Whether you're financing through an mortgage broker for an LLC properties within Rochester or looking at real property investor loans and loans, our Preferred Mortgage team aligns funding with your strategy.
It's the People Behind the Service
Raving Client Reviews
With more than 19 glowing testimonials in Google, Preferred Mortgage is praised for:
Transparent communication
Fast, seamless processing
Tailored solutions for complicated requirements
The clients praise the professionalism and dedication of team members like Chuck, Jason, Steve and Michele who are known for their dedication and a thorough approach.
Sample Testimonials:
"They walked me through every step of the way and made the experience easy." Damla A. Damla A.
"Chuck and his team were courteous and kept me informed." - Leonard C.
"They have delivered exactly as they promised within our time frame." Rob C. Rob C.
The consistency of their service is what makes them one of the most trusted lenders in Rochester NY.
Instruments for a Well-Informed Borrowing
Preferred Mortgage does more than just process loans. They empower buyers. They can help with everything from explaining the difference between banks and brokers to helping clients with no-doc mortgage options and navigating mortgage advice for home potential buyers from Rochester, the team is sure to provide informed choices throughout the process.
Fixed and Variable. Variable Mortgages
Choosing the right loan type can be a huge factor in your financial health. Preferred Mortgage helps consumers understand:
Fixed Rate Mortgages Best for budget stability throughout time.
variable-rate mortgages are a possibility to start lower but they carry risk to the market.
The experts at their disposal will help you make the right decision according to your risk appetite in addition to income stability and an investment horizon.
Accessibility and Contact
You can contact Preferred Mortgage via multiple channels:
Toll-Free: 800-320-0447
Office: 585-288-2930
Email: [email protected]
Client Login Portal to track your loan request
You can also join via Facebook, Instagram, YouTube, LinkedIn, and X (Twitter) for updates and educational content.
Frequently asked questions
Q: Is a mortgage broker superior to a lender for a mortgage?
Answer: They can access several types of lenders and loan types, which means lower rates as well as more flexible terms and a personalised service.
Q What's the difference in prequalification and pre-approval?
A: The process of prequalification is a basic review of your finances in order to determine how much you might have to pay. Pre-approval is a process of confirming your documents and gives you a conditional loan amount, which makes offers more and more competitive.
Q Do I qualify for a mortgage with bad credit?
A: Yes. Preferred Mortgage works with clients who have credit issues, providing solutions like FHA loans and lending programs tailored to lower scores.
Final Thoughts
If you're looking for an house loan Rochester NY, refinancing your mortgage, or finding funding for your commercial expansion, Preferred Mortgage Corporation gives you unrivaled advice, resources and services. as a local mortgage broker located in Webster, NY, they are able to bring together nationwide resources and values focused on communities to help clients secure the ideal mortgage without hesitation and in speed.
Are you ready for your step?
Get pre-approved today!
Contact the team directly for more information about financing options with Rochester's most dependable mortgage experts.