In the tangled world of real estate finance, one specific name located in Rochester, NY stands out: Preferred Mortgage Corporation. From first-time homeowners to seasoned investors and commercial property owners, this independently owned mortgage broker provides expertise along with personalized service. an extensive network of lending options. Licenses are in New York and Florida, and experience that extends to Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients achieve their financial goals with assurance and clarity. conventional loans rochester ny
Why Choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
In contrast to banks that promote different products for their customers, Preferred Mortgage operates independently. This means clients gain access to the different range of lenders that allow them to compare rates, terms, and other qualifications that are all suited for their specific financial requirements. Whether you're in Webster, Brighton, Penfield, Greece, or anywhere in the Rochester region Preferred Mortgage is sure to ensure you're not restricted by one lender's terms.
2. licensed and experienced across States
With licenses with licenses in New York and Florida The team has the knowledge to handle both residential and commercial loans across various regulatory structures. Their NLMS #44812 assures conformity, professionalism, and transparency in every transaction.
Mortgage Services for All Needs
1. Home Mortgages in Rochester, NY
Achieving homeownership is a dream of many and Preferred Mortgage will work to making it affordable. Their residential mortgage options include:
Conventional Lending Low interest rates available to buyers with good credit.
Lenders with FHA ideal for first-time buyers with a limited amount of savings or a lower credit score.
VA Loans designed for military veterans and active duty personnel with no down payments required.
USDA Credit - Aimed at rural property buyers that have no-down options.
Jumbo Loans - For high-value properties exceeding the limits of conventional loans.
From the time you get your mortgage pre-approved in Rochester NY to closing, they walk you through every step in detail and passion.
2. Mortgage Refinancing
Homeowners who want to cut their monthly payments, lengthen loan terms, or access capital, refinancing can be a beneficial option. Preferred Mortgage eases the process of:
Rate and term refinancing
Refinancing a cash-out
refinancing FHA, VA, and USDA loans
The company offers the lowest rates on mortgages at the lowest rates in Rochester NY, clients often save a lot of money throughout the term of their loan.
3. Commercial Mortgages
If you're looking to acquire retail space, office space or multi-family buildings, Preferred Commercial Mortgage offers:
SBA Loans
Short-term bridge financing
DSCR The loan (Debt Service Coverage Ratio based qualification)
The LLC can provide loans for properties owned by the LLC.
New construction loans
Fix and then flip the loan
Their commercial mortgage broker team located in Rochester NY helps businesses secure the capital they need to expand or change their structure.
Specialty Mortgage Solutions
1. copyright Loans
Self-employed individuals often face difficulty securing loans with the traditional documents. Preferred Mortgage provides loans that are based on bank statements in Rochester and evaluates earnings based on 12-24 month of statements from businesses. This is ideal for entrepreneurs, freelancers and independent contractors.
2. The Down Payment Assistance
The high upfront cost can discourage 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 loans for investors
For real estate investors, DSCR (Debt-Service Coverage Ratio) loans provide a qualification basis based on rental income in lieu of personal W-2s and tax returns. This makes it easier to grow portfolios, while also preserving personal liquidity.
Your local mortgage experts: Rochester, NY
Personalized, Local Service
The address is 1674 Empire Blvd, Building 200 at 1674 Empire Blvd, Webster, NY, Preferred Mortgage is one of the most popular lenders within The Greater Rochester Area which includes Greece, Penfield, Fairport and Brighton. Instead of online lenders or national banks that are not faceless their team is locally-based and responsive. They are able to greet clients in person, and assist them from prequalification to closing.
Mortgage Calculators & Resources
Their website features robust tools, including that of the mortgage calculator for NY in addition to educational resources and financing guides. Whether you're asking, "How much house can I afford in Rochester?" or "Should I consider a fixed vs. the variable type of mortgage?", you'll find the answers you need.
Streamlined Pre-Approval Process
The process of getting pre-approved for a mortgage loan to purchase a house at Rochester can be a initial step to buying a home. Preferred Mortgage offers:
Fast online applications
Pre-approval letters that are issued on the same day
Expert assistance for improving credit and increasing eligibility
The mortgage terms are clearly explained and conditions
When you're looking to buy your first home or relocating to a bigger house and require a loan commitment document before appraisal allows you to negotiate with confidence.
Fix & Flip, Construction, and Investment Loans
For those who are building or investing in property The company offers
Fix and Flip Loans with short terms and fast closings
New Home Construction loans for spec or custom homes
Investment Property Loans specifically designed to fit your investment goals
When you're financing through a mortgage broker to finance an LLC home or LLC property in Rochester or if you're looking at real property investor loans or loans for real estate investors, Preferred Mortgage can help. Preferred Mortgage team aligns funding with your strategy.
The People Behind the Service
Raving Client Reviews
With over 19 positive evaluations on Google, Preferred Mortgage is praised for:
Transparent communication
Rapid, seamless processing
Flexible solutions for difficult needs
Customers praise the professionalism of team members such as Chuck, Jason, Steve, and Michele and have become known for their dedication and meticulous manner of working.
Sample Testimonials:
"They provided me with guidance through every step of the procedure, making it stress-free." Damla A. Damla A.
"Chuck and his team were extremely professional and kept me up to date." - Leonard C.
"They did exactly what they promised within our time frame." - Rob C.
This level of consistency guarantees them to be among the most reliable broker of mortgages in Rochester NY.
Tools for Informed Borrowing
Preferred Mortgage does more than just process loans. They help buyers. Beginning with explaining the difference between brokers and banks and assisting customers with no-doc mortgage options or providing mortgage advice for home potential buyers from Rochester Preferred Mortgage's team will make sure you are well informed throughout every step.
Fixed Vs. Variable Mortgages
Making the right choice for a loan is a crucial factor in long-term financial health. Preferred Mortgage helps consumers understand:
Fixed Rate Mortgages Great to guarantee budget control over time.
Variable Rate Mortgages may start lower but may carry risk for the market.
Their experts will guide you by analyzing your risk-taking, income stability, and investment goals.
Accessibility and Contact
You can contact Preferred Mortgage through various channels:
Toll-Free: 800-320-0447
Office: 585-288-2930
Email: [email protected]
Client Login Portal to monitor your loan application
You can also connect via Facebook, Instagram, YouTube, LinkedIn, and X (Twitter) for updates and educational content.
Frequently Answered Questions
Q: Is a broker more effective than a bank to get a mortgage?
A: The brokers have access to various different types of loan and lender, which means better rates along with flexible terms and personal service.
Q: What's the difference between prequalification and pre-approval?
A Prequalification is a brief review of your financials to estimate how much you might be able to borrow. Pre-approval involves verification of documents. It allows you to borrow a conditional amount. This makes your proposals more in line with other offers.
Q: Can I get a mortgage even if I have poor credit?
A: Yes. Preferred Mortgage works with clients with credit challenges, offering solutions like FHA loans and lending programs tailored to lower scores.
Final Thoughts
You may be looking for a house loan Rochester NY, refinancing your mortgage or getting capital for expansion in your business, Preferred Mortgage Corporation offers unparalleled guidance, resources and customer service. as a local mortgage broker located in Webster, NY, they connect assets from across the nation and focus on helping clients secure the ideal mortgage in a timely manner and with confidence.
Ready to make your choice?
Make an appointment today to get pre-approved
You can also contact us directly for more information about financing options with Rochester's most trusted mortgage advisers.