Home Mortgages Made Easy

Our team of mortgage experts are located right here in Rochester, NY and service all of New York State and Florida. This team understands how important personal service and fast approvals are for any customer. Our goal is always to guarantee competitive rates, a wide range of loan options, grants, and special lending programs to meet any home buying needs.

We’re to help you with your home mortgage needs including first time home purchases and mortgage refinancing. It’s easy to pre-qualify, just click here to fill out our form and get started!

Our Mortgage Loan Programs

FHA

Federal Housing Administration (FHA) loans are federally insured and their low down payment requirements allow greater flexibility for buyers who may not meet conventional loan guidelines. This program allows qualifying borrowers to reduce the cash required upfront by rolling some of their costs into the rate or negotiating with the seller to pick up some of the closing cost and or prepaid items.

Program Features include:

• Fixed and adjustable rate options

• Up to 6% seller’s concessions to help pay your closing costs

• Allows gift funds to cover down payment and closing costs

• Primary residence only, but multi-family homes are eligible

• Streamlined refinance available • Credit Score from 580 and over require 3.50% down payment

• Credit Score of 560 to 579 require 10% downpayment

• Manual underwrite are available in certain cases

VA

We offer a wide range of loan terms from 10 year to 30 year.  These loans are available to active duty and retired servicemen and women, U. S. Dept. of Veterans Affairs (VA) loans are federally insured, giving borrowers access to favorable terms. 

Program Features include:

• No down payment financing available for eligible veterans

• Low or no down payment in most cases

• Primary residence only

• 1-4 family properties are eligible

• Fixed or adjustable rate options

• Sellers can pay up to 100% of veteran’s closing costs

• Credit Score of 580 minimum – allows for 100% financing

• Ability to refinance if rates decrease

USDA

If the Home is in a designated area (rural) and your income does not exceed maximum income limits, this is the program for you:

• Zero down payment financing for qualified applicants

• Up to 6% seller’s concessions to help pay your closing costs and pre-paids

• Lower Mortgage Insurance than Conventional or FHA loans, equals lower monthly payments

• Primary residence only

• Minimum credit score with AUS approval of 580

• Call for complete guidelines and loan details

Conventional

Loan amounts from $25,000 to $484,350

• 10 to 30 year terms

• Available on 1 to 4 family dwellings

• Owner occupied, second home and investor properties

• Fixed and adjustable rate options • 5% down payment – no PMI

• Escrow waiver loans available with 5% down payment and credit score minimum 680

• Credit score minimum – 620

High-Balance Conventional

Loan amounts from $484,351 to $726,525

• Lower rates than – jumbo loans

• Available on 1 to 4 family dwellings

• Owner occupied, second home and investor properties

• Fixed and adjustable rate options • 10% down payment – no PMI

• Credit score minimum – 680

Jumbo

Purchase or Refinance loans available

• Loan amounts from $484,351 – $2,000,000

• Available loans for 1-4 family dwellings

• Owner occupied, second home and investor properties

• Fixed and adjustable rate options

• 20% down payment required

What Our Customers Are Saying

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“Sam was ready to roll after I was already turned down by another lender. He went to great measures to instruct me how to get my credit score up and walked me thru the whole process over and over again. If it wasn't for all the hard work he didn't I would of never had a home.”

Home Buyer

“Excellent job! Mr. Bucciarelli is an expert in the mortgage business and that knowledge and expertise is very evident when working with him. He made the process simple and quick. Very knowledgeable and helpful.”

Refinancing

“I cannot begin to thank Preferred Mortgage and their team for all their help and patience with my home buying process. I wouldn't have been able to purchase my home without them. ”

Home Buyer

Start Your
Loan Process

Are you ready to secure your mortgage today? Simply fill out the form on our website or call us directly to get started.