When you're navigating the murky world of real estate finance, the name of one company in Rochester, NY stands out: Preferred Mortgage Corporation. From first time homebuyers to veteran business owners and investors, this independent mortgage brokerage is a source of experience in personalized service and an extensive network of lending options. Through licenses issued in New York and Florida, and a range of expertise that includes Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients meet their financial objectives with assurance and clarity. investment property loans rochester ny
Why Should You Choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
Unlike banks that push different products for their customers, Preferred Mortgage operates independently. Its customers gain access to an variety of lenders and can compare rates, terms, and other qualifications that are all suited to their particular financial situation. If you're located in Webster, Brighton, Penfield, Greece, or anywhere in the Rochester region, Preferred Mortgage ensures you're not bound by one lender's terms.
2. Accredited and Proficient across States
With licenses that cover New York and Florida, the team is equipped for handling residential and commercial loans across a variety of regulatory environments. Their NLMS #44812 guarantees the highest level of professionalism, compliance as well as transparency in each transaction.
Mortgage Services to meet your every need
1. Home Mortgages in Rochester, NY
Achieving homeownership is a dream of many and Preferred Mortgage is committed to making it accessible. Their residential mortgage products include:
Conventional Lending Low rates for buyers with solid credit.
Affordable FHA Loans is a great option 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 payments required.
USDA Lending - Designed for rural property buyers that have no-down options.
Jumbo Loans for high-value properties which exceed traditional loan limits.
From pre-approval for mortgages in Rochester NY to closing the process, they guide you through every step with clarity and dedication.
2. Mortgage Refinancing
For homeowners seeking to lower cost of their monthly mortgage, to shorten loan terms, or access cash, refinancing can be an effective option. Preferred Mortgage eases the process of:
Rate and refinancing term
Refinancing a cash-out
Refinancing FHA, VA, and USDA loans
In addition, with access to the most affordable mortgage rates for Rochester NY, clients will often save hundreds of dollars over the duration of their loan.
3. Commercial Mortgages
If you're interested in purchasing retail space, office space or multi-family buildings, Preferred Mortgage's commercial division provides:
SBA Loans
Short-term bridge financing
DSCR The loan (Debt Service Coverage Ratio-based qualifications)
Loans for LLC-owned properties
New construction loans
Fix and flip financing
Their team of commercial mortgage brokers located in Rochester NY helps businesses secure the capital they need to grow or restructure.
Specialty Mortgage Solutions
1. copyright Loans
Self-employed individuals are often faced with difficulty getting loans using the standard documents. Preferred Mortgage provides the copyright mortgage in Rochester, evaluating income based on 12-24 months of company statements. Ideal for entrepreneurs, freelancers and freelancers.
2. Down Payment Assistance
Higher upfront costs could 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 Lending to Investors
For investors in real estate, DSCR (Debt-Service Coverage Ratio) loans provide a qualification basis based on rental income, not personal W-2s or tax returns. This allows you to grow portfolios, while also preserving personal liquidity.
Your local mortgage experts: Rochester, NY
Personalized, Local Service
Located at 1674 Empire Boulevard, Building 200 at 1674 Empire Blvd, Webster, NY, Preferred Mortgage is a must for the Greater Rochester Area and includes Greece, Penfield, Fairport and Brighton. In contrast to online lenders and national banks that are not faceless their staff is local and accommodating, ready to visit clients personally and guide them from prequalification through commitment letters from prequalification to final.
Mortgage Calculators & Resources
Their site offers a variety of useful tools, including that of the mortgage calculator for NY in addition to educational resources and financing guides. It doesn't matter if you're wondering, "How much house can I afford in Rochester?" or "Should I take a fixed vs. the variable type of mortgage?", you'll find valuable answers.
A streamlined Pre-Approval Procedure
The process of getting approved for preapproval of a home loan in Rochester could be the initial stage in your journey to purchase. Pre-approved mortgage deals:
Online applications that are fast and efficient.
Letters that are sent out on the same date as pre-approvals.
Expert advice for improving credit and enhancing eligibility
Clear explanations of mortgage terms and their requirements
If you're a first-time homebuyer or looking to move into larger residence or a larger home, having a Mortgage commitment form prior to appraisal helps you negotiate confidently.
Fix & Flip, Construction, and Investment Loans
For builders and property investors, the company provides:
Fix and Flip Loans with quick closings and short terms
new home Construction Credits for custom or spec build
Investment Property Loans made to meet the needs of your portfolio
You may be financing through a mortgage broker for an LLC real estate that is located in Rochester or looking at real estate investor loans and loans, The Preferred Mortgage team aligns funding with your goals.
There are People Behind the Service
Raving Client Reviews
With more than 19 positive ratings by Google, Preferred Mortgage is well-known for its:
Transparent communication
A fast, seamless process
Tailored solutions to meet complex needs
Clients highlight the professionalism of team members like Chuck, Jason, Steve, and Michele, who have gained a reputation for their commitment and meticulous manner of working.
Sample Testimonials:
"They guided me through each step of the way and made the experience smooth and easy." Damla A. Damla A.
"Chuck and his team were professional and kept me informed." - Leonard C.
"They gave exactly what promised in the timeframe we provided." - Rob C.
This level of consistency has made them one of the most reliable mortgage brokers in Rochester NY.
Instruments for a Well-Informed Borrowing
Preferred Mortgage does more than just process loans. They empower consumers. In everything from explaining the difference between banks and brokers and assisting customers with no-doc mortgage alternatives or to provide mortgage strategies for potential buyers from Rochester The team ensures informed decision-making each step.
Fixed in comparison to. Variable Mortgages
Making the right choice for a loan will significantly impact your long-term financial health. Preferred Mortgage helps clients understand:
Fixed-Rate mortgages Great for budget-conformity over time.
Variable Rate Mortgages can be lower in the beginning but are subject to market risk.
The experts at their disposal will help you make the right decision based on your risk appetite and income stability as well as your the time frame for investing.
Contact and accessibility
You can contact Preferred Mortgage through multiple 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
A: Is a broker more effective than a bank to get a mortgage?
A Yes--brokers offer access to several types of lenders and loan types, that means better rates as well as more flexible terms and a personalised service.
Q What's the difference between prequalification and pre-approval?
A: The process of prequalification is a brief review of your finances, to calculate how much you might take out. Pre-approval includes verification of your documentation and provides you with a pre-approved loan amount. This makes your proposals more and more competitive.
Q What is the best way to get a mortgage with bad credit?
A: Yes. Preferred Mortgage works with clients with credit challenges, offering solutions such as FHA loans and loan programs designed to help people with lower scores.
Final Thoughts
Whether you're searching for an homeowner's loan for Rochester NY, refinancing your mortgage or getting capital for expansion in your business, Preferred Mortgage Corporation offers unparalleled guidance, tools as well as service. A local mortgage broker located in Webster, NY, they bring together regional resources and values that focus on the community. This helps you secure the right mortgage with confidence and speed.
Are you ready to make that move?
Make an appointment today to get pre-approved
You can also contact us directly to explore your financing options with Rochester's most dependable mortgage specialists.