This site covers 314 New York cities and towns. Lenders originated 183,798 home loans across the New York counties in our data in 2024. Below are the state rules borrowers ask about most, every loan type by state, and links to city pages.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
New York mortgage rules to know
- Mortgage licensing: New York State Department of Financial Services (DFS)
- State housing finance agency: State of New York Mortgage Agency (SONYMA), part of New York State Homes and Community Renewal (HCR)
- Foreclosure process: Judicial: the lender files a Summons and Complaint in New York State Supreme Court, and if a judge orders foreclosure and sale the home is sold at auction at the courthouse.
- Recording taxes and fees: 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.
- Property tax relief: Owner-occupants whose home is their primary residence can get school tax relief through the STAR program, and new homeowners register for the STAR credit with the NYS Department of Taxation and Finance.
- In a foreclosure of an owner-occupied home of one to four units, the court schedules a settlement conference where the homeowner and lender can try to reach an agreement.
- Besides the state mortgage recording tax, New York City, Yonkers and some counties impose their own local mortgage recording taxes, all paid to the county recording office when the mortgage is recorded.
- New STAR applicants receive the STAR credit rather than the older STAR property tax exemption.
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
Our online application is being set up. Call now and a licensed loan officer will take your application by phone.
Apply by phone: (888) 912-6746Prefer 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.
Loan types in New York
- Mortgage Lenders in New York
- Mortgage Companies in New York
- Mortgage Brokers in New York
- Home Loans in New York
- Mortgage Refinance in New York
- Cash-Out Refinance in New York
- HELOC in New York
- Home Equity Loans in New York
- FHA Loans in New York
- VA Loans in New York
- First-Time Home Buyer Loans in New York
- USDA Loans in New York
- Jumbo Loans in New York
- Reverse Mortgage in New York
- Construction Loans in New York
- Renovation Loans in New York
- Conventional Loans in New York
- Physician Loans in New York
- Second Mortgages in New York
Larger New York cities
- New York
- Brooklyn
- Queens
- Manhattan
- Bronx
- Buffalo
- Rochester
- Albany
- Staten Island
- Syracuse
- Poughkeepsie
- Yonkers
- Binghamton
- Utica
- New Rochelle
- Saratoga Springs
- Mount Vernon
- Schenectady
- Glens Falls
- Brentwood
- Elmira
- Middletown
- White Plains
- Ithaca
- Kingston
- Watertown
- Levittown
- Troy
- Niagara Falls
- Freeport
- Hicksville
- West Babylon
- Jamestown
- Coram
- East Meadow
- Valley Stream
- Oswego
- Commack
- Elmont
- New City
Guide
- https://www.dfs.ny.gov/apps_and_licensing/mortgage_companies
- https://hcr.ny.gov/sonyma
- https://hcr.ny.gov/programs-add-features
- https://tax.ny.gov/pit/mortgage/mtgidx.htm
- https://www.tax.ny.gov/bus/transfer/rptidx.htm
- https://www.tax.ny.gov/pdf/outreach/co-305.pdf
- https://nycourts.gov/CourtHelp/HOMES/foreclosureBasics.shtml