Nicole, Home Buyer in New York, NY

I'm looking to buy a home in Westchester or Fairfield county. My husband and I have established jobs and

Asked by Nicole, New York, NY Wed Mar 25, 2009

excellent credit. However, we don't have a lot of money for a large down payment. Can someone recommend a realtor or mortgage broker who might be able to help us? We are interested in looking into a FHA loan but don't know where to start. We are currently renting a 3 bedroom in Manhattan.

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Answers

7
Hi Nicole,

I recently posted a blog entry about the current mortgage environment in the Rye/ Harrison N.Y.area after interviewing two experienced and reliable mortgage brokers in the area, but the information in many ways holds true for all of Westchester and Fairfield County. Some local attorneys are telling me they are seeing more FHA loans than ever before. You can find the post in Trulia blogs under "Rye Real Estate" or click on the link below.

Good luck!

Judy Croughan
http://www.judycroughan.com
0 votes Thank Flag Link Tue Mar 31, 2009
Hi Nicole,

I added a link for Jim VanSlyck who is with Thoroughbred Mortgage, an affiliate of Wells Fargo Home Mortgage associated with Houlihan Lawrence. Wells Fargo is one of the largest FHA lenders and he is a very nice guy, he can really help you out and give you guidance. It's a great time to buy, especially when you have nothing to sell and you are a first time homebuyer.

Best of luck,
Debra

Jim Van Slyck
Mortgage Consultant
Thoroughbred Mortgage, LLC
An Affiliate Of Wells Fargo Home Mortgage
MAC M6610-011
3 West Main Street, Suite 204
Elmsford, NY 10523
(914)224-6343 Tel
866-756-2303 Fax
jim.vanslyck@thoroughbredmortgage.com
Web Reference: http://www.applywithjvs.com
0 votes Thank Flag Link Wed Mar 25, 2009
First , I would speak to a mortgage broker. I can give you the names of some and I have just recently did a FHA loans that went through with no problems.I don't know what area you are thinking of but I can help you,I work all over westchester. Call me and I will give you the names of the mortgage brokers I worked with and would be happy to show you homes .There are deals are being done with little money down.914-420-8479.
Stacy
0 votes Thank Flag Link Wed Mar 25, 2009
Hi Nicole, As agents we should have some knowledge of Mortgage programs but in depth information should come from a Mortgage professional. I personally recommend 1) Christian Babcock - Chase - 914.447.9691, 2) James Pugliese - DML Mortgage - 914.497.2886, and Wayne Slaughter - Wells Fargo - 914.261.3502. With these Loan officers you will definitely get the clarity you are looking for. The FHA loan is a very popluar product these days, it allows you to put down 3.5% and is federally insured.

Sincerely,

Christopher Pagli
Associate Broker
Legends Realty Group
914.406.9023
0 votes Thank Flag Link Wed Mar 25, 2009
PS You may also be able to take advantage of the new stimulus plan's $8,000 credit for 1st time home buyers. Angelo and your accountant will be able to help you maximize these benfits!
0 votes Thank Flag Link Wed Mar 25, 2009
Hi Nicole,

Your instincts are right. As an agent I can send you emails of listings etc... but will refer you immediately to a mortgage broker who is the expert., NOT the agent. I work with an excellent Mortgage Broker who has a vast wealth of info plus dozens of Mortgage Products to work with. Give me a call and I'll give you his name and number. I personally sell homes in Northern Westchester/Lower Putnam Counties, and if I can possibly help with that also let me know.
Pam Brokate Cell is 914-447-3600
0 votes Thank Flag Link Wed Mar 25, 2009
I have someone that is our Office Representative for Thoroughbred Mortgage. Thoroughbred Mortgage is a joint venture between Houlihan Lawrence and Wells Fargo. Two top companies - especially in this volatile time.
His name is Angelo Di Michelo. He has MANY of our clients. People are VERY happy with him.
His # is 917-860-9145.

It is a very good idea to have the conversation before you fall in love with a house! Also to know what price range you are truly in.

We also had a credit expert speak to us last week that will go over your credit report very carefully to be certain that there are no hideden unknown problems. She has found such items as late library books and unreturned Blockbuster Videos to skew a score!
If you would like more information just give me a call.
All the Best,
Karen from Katonah
Karen Benvin Ransom
Associate Broker
Houlihan Lawrence
914-232-1212 x342
KBenvinRansom@HoulihanLawrence.com
0 votes Thank Flag Link Wed Mar 25, 2009
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