Second Mortgages are available to borrowers across New York through licensed lenders and brokers. Eligibility, documentation and terms vary by borrower, property and investor, so the right fit depends on your situation.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
New York recording costs: Mortgage recording tax (state, plus local mortgage recording taxes in New York City, Yonkers and some counties), paid to the county recording office when the mortgage is recorded; real estate transfer tax on deeds/conveyances (filed with Form TP-584, or TP-584-NYC in New York City), including the additional 'mansion tax' on higher-priced residential purchases, which is paid by the buyer. Your Loan Estimate lists the taxes that apply to your loan.
Where second mortgages activity is highest in New York
| County | loans originated (2024 HMDA) |
|---|---|
| Suffolk County | 1,794 |
| Monroe County | 1,194 |
| Onondaga County | 1,138 |
| Erie County | 928 |
| Nassau County | 902 |
| Orange County | 861 |
| Dutchess County | 601 |
| Oneida County | 577 |
| Westchester County | 503 |
| Ulster County | 418 |
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
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- Mortgage lenders in Troy
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- Mortgage lenders in Freeport
Related guides
- What Is a Second Mortgage?
- HELOC vs. Home Equity Loan: Which Way to Tap Your Equity
- Cash-Out Refinance vs. HELOC: Choosing How to Use Your Equity
- First-Time Home Buyer Programs in New York
Second Mortgages overview · New York mortgage overview
- 2024 Home Mortgage Disclosure Act (HMDA) data; U.S. Census Bureau Building Permits Survey 2025