When you're navigating the murky world of real estate finance, one name within Rochester, NY stands out: Preferred Mortgage Corporation. From first-time homebuyers to experienced investor and owners of commercial properties, this independent mortgage brokerage offers expertise, personalized service, and an expansive network of loan options. with licenses to operate in New York and Florida, and an expertise that covers Conventional, Jumbo, FHA, VA, USDA, and DSCR loans, Preferred Mortgage helps clients attain their financial goals assurance and clarity. preferred mortgage
Why Should You Choose Preferred Mortgage Corporation?
1. Independent Mortgage Broker Advantage
Contrary to banks that offer specific products of their own, Preferred Mortgage operates as an independent. Clients have access to the variety of lenders which allows them to examine rates, terms and even qualifications - all tailored for their specific financial requirements. It doesn't matter if you're from Webster, Brighton, Penfield, Greece, or anywhere in the Rochester region Preferred Mortgage will ensure that there's no limit to one lender's terms.
2. Accredited and Proficient across States
With licenses with licenses in New York and Florida The team has the ability to deal with residential and commercial loans across a variety of regulatory systems. Their NLMS #44812 assures compliance, professionalism, and transparency in every transaction.
Mortgage Services for Every Need
1. Home Mortgages in Rochester, NY
Homeownership is a dream to many, and Preferred Mortgage is dedicated to making it accessible. Their residential mortgage products include:
Conventional loans - Competitive rates for customers with solid credit.
FHA loan is a great option for first-time purchasers with limited savings or lower credit.
VA loans are designed specifically for military veterans and active duty personnel without a down payment required.
USDA Mortgages designed for rural property buyers who have zero-down options.
Jumbo loans for high-value properties above conventional loan limits.
From the time you get your mortgage pre-approved to mortgage pre-approval in Rochester NY to closing They guide you through every step with precision and determination.
2. Mortgage Refinancing
If you are a homeowner looking to cut down on monthly payments, shorten the loan term, or gain access to the equity of their home, refinancing can be an effective option. Preferred Mortgage eases the process of:
Refinancing of rates and terms
Refinancing cash-out
refinancing FHA, VA, and USDA loans
As a result of having access to the lowest interest rates on mortgages in Rochester NY, clients usually save a significant amount throughout the term of their mortgage.
3. Commercial Mortgages
Whether you're acquiring office space, retail property or multi-family buildings, Preferred Commercial Mortgage provides:
SBA Loans
Short-term bridge financing
DSCR Invoices (Debt Service Coverage Ratio-based qualification)
Leasing for LLC-owned properties
New construction loans
Fix and flip financing
Their commercial mortgage broker team located in Rochester NY helps businesses secure the capital they need to expand or transform.
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 and evaluates income based on 12-24 months of statements from businesses. This is ideal for freelancers, entrepreneurs, and freelancers.
2. Aid with Deposit Payment
The high upfront cost can discourage homeowners from pursuing 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 loans for investors
For investors in real estate, DSCR (Debt-Service Coverage Ratio) loans permit qualification based on rental income rather than personal W-2s, or tax returns. This makes it easier to expand portfolios and preserve personal liquidity.
Your local mortgage experts: Rochester, NY
Personalized, Local Service
It is located at 1674 Empire Blvd, Office 200 Webster, NY Preferred Mortgage is an institution in The Greater Rochester Area, including Greece, Penfield, Fairport and Brighton. In contrast to online lenders and national banks that don't have a face, their team is local and accessible, ready to meet customers in person and assist from prequalification, through the commitment letter from prequalification to final.
Mortgage Calculators & Resources
Their website is loaded with tools, including they have a mortgage calculator for NY in addition to educational resources and financing guides. No matter what you're trying to find, "How much house can I afford in Rochester?" or "Should I choose a fixed vs. variable mortgage?", you'll find helpful answers.
Streamlined Pre-Approval Process
Being Pre-approved to get a mortgage loan to purchase a house to purchase a house in Rochester can be a initial step in the buying journey. Preferred Mortgage offers:
Online applications that are fast and efficient.
Pre-approval letters for the same day
Expert advice on improving credit and increasing the possibility of being eligible
A clear explanation of mortgage terms and their requirements
If you're a new buyer or moving up to an older home and require a mortgage commitment letter prior to appraisal aids in negotiations.
Fix & Flip, Construction, and Investment Loans
For home builders and investors The company offers:
Fix and Flip Loans with shorter terms and quick closings
new home Construction and Loans for custom or spec build
Investment Property Loans made to meet the needs of your portfolio
If you're financing with a mortgage broker for LLC property or LLC property in Rochester or if you're looking at real estate investor loans in the city, our Preferred Mortgage team aligns funding with your strategy.
They are the People Behind the Service
Raving Client Reviews
With over 19 glowing reviews on Google, Preferred Mortgage is highly praised for:
Transparent communication
Quick, seamless processing
Customized solutions for the most complex requirements
Customers praise the professionalism of team members such as Chuck, Jason, Steve, and Michele and have gained a reputation for their commitment and a thorough approach.
Sample Testimonials:
"They took me through every step of the process and made it effortless." Damla A. Damla A.
"Chuck and his staff were friendly and kept me informed." I am Leonard C.
"They were able to deliver exactly what they promised within the timeline we set." Rob C. Rob C.
This consistency guarantees them to be among the top lenders in Rochester NY.
Tools to Ensure a Knowledgeable Borrowing
Preferred Mortgage doesn't only process loans--they empower buyers. Beginning with explaining the differences between banks and brokers to providing customers with no-doc mortgage alternatives or navigating mortgage strategies for potential buyers from Rochester the team is sure to provide informed choices at every step.
Fixed in comparison to. Variable Mortgages
The choice of the best loan type is a crucial factor in long-term financial health. Preferred Mortgage will help customers understand:
Fixed Rate Mortgages: Ideal to ensure budget stability over time.
Variable-Rate Mortgages may start lower but carry market risk.
Their expert advisors guide you depending on your risk tolerance, income stability, and an investment horizon.
Contact and accessibility
You can contact Preferred Mortgage through several channels:
Toll-Free: 800-320-0447
Office: 585-288-2930
Email: [email protected]
Client Login Portal for keeping track of your loan application
You can also join via Facebook, Instagram, YouTube, LinkedIn, and X (Twitter) for updates and educational content.
Frequently Answered Questions
A: Is a broker better than a bank for a mortgage?
A Yes--brokers offer access to several type of loan and lender types, which means lower rates along with flexible terms and personalized service.
Q: What's the main difference between prequalification and pre-approval?
A: The process of prequalification is a basic examination of your financial situation to determine the amount you could get. Pre-approval involves verification of documents. It will provide you with a predetermined loan amount, thereby making your offers more attractive.
Q: Can I get a mortgage if I have bad credit?
A: Yes. Preferred Mortgage works with clients with difficult credit histories, providing solutions such as FHA loans and loan programs specifically designed to lower score.
Final Thoughts
If you're looking for a house loan Rochester NY, refinancing your mortgage, or seeking funds for commercial expansion, Preferred Mortgage Corporation offers unbeatable assistance, resources and support. A local mortgage broker located in Webster, NY, they are able to bring together assets from across the nation and focus on helping you get the best mortgage with ease and speed.
Are you ready to make that choice?
Sign-up today for pre-approval
or contact the team directly to discuss financing options with Rochester's most dependable mortgage advisers.