9 Best New York Mortgage Lenders of 2022
If you’re looking for a mortgage in New York, you have many lenders to choose from. These are some of the best lenders in the city, upstate and in western New York.
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New York mortgage lenders' offerings can vary significantly. Whether you're looking for a lender with programs specifically for first-time home buyers or a mortgage company willing to work with less-than-perfect credit, there are plenty of options in the Empire State.
The national lenders displayed below have been reviewed by NerdWallet and are some of the highest-volume — and highest-rated — mortgage providers in the state of New York.
New York mortgage lenders' offerings can vary significantly. Whether you're looking for a lender with programs specifically for first-time home buyers or a mortgage company willing to work with less-than-perfect credit, there are plenty of options in the Empire State.
The national lenders displayed below have been reviewed by NerdWallet and are some of the highest-volume — and highest-rated — mortgage providers in the state of New York.
Best New York Mortgage Lenders
Lender | NerdWallet rating | Min. credit score | Min. down payment | Learn more |
---|---|---|---|---|
![]() Guaranteed Rate: NMLS#2611 Learn more at Guaranteed Rate | Best for online mortgage lenders | 620 | 3% | Learn more at Guaranteed Rate |
Quicken Loans: NMLS#3030 Learn more at Quicken Loans | Best for first-time home buyers | 620 | 3% | Learn more at Quicken Loans |
![]() Rocket Mortgage, LLC: NMLS#3030 Learn more at Rocket Mortgage, LLC | Best for online mortgage lenders | 620 | 3% | Learn more at Rocket Mortgage, LLC |
![]() Network Capital: NMLS#11712 Learn more at Network Capital | Best for borrowers with weaker credit | 620 | 3% | Learn more at Network Capital |
![]() Bank of America: NMLS#399802 | Best for face-to-face service | 660 | 5% | Read review |
![]() Citibank: NMLS#412915 | Best for first-time home buyers & face-to-face service | N/A | 3% | Read review |
![]() SunTrust (Truist): NMLS#2915 | Best for refinancing | 620 | 3% | Read review |
![]() Homebridge: NMLS#6521 | Best for borrowers with weaker credit | 620 | 3% | Read review |
![]() Chase: NMLS#399798 | Best for refinancing | 620 | N/A | Read review |

at Guaranteed Rate
Guaranteed Rate: NMLS#2611

Min. credit score
620Min. down payment
3%at Guaranteed Rate
at Quicken Loans
Quicken Loans: NMLS#3030
Min. credit score
620Min. down payment
3%at Quicken Loans

at Rocket Mortgage, LLC
Rocket Mortgage, LLC: NMLS#3030

Min. credit score
620Min. down payment
3%at Rocket Mortgage, LLC

at Network Capital
Network Capital: NMLS#11712

Min. credit score
620Min. down payment
3%at Network Capital
Bank of America: NMLS#399802

Min. credit score
660Min. down payment
5%National / regional
NationalCitibank: NMLS#412915

National / regional
NationalMin. down payment
3%SunTrust (Truist): NMLS#2915

Min. credit score
620Min. down payment
3%Homebridge: NMLS#6521

Min. credit score
620Min. down payment
3%Chase: NMLS#399798

Min. credit score
620National / regional
NationalLocal mortgage lenders in New York state
If you want to include a local lender or two in your search for the best mortgage, these lenders are among the highest-volume mortgage makers in the city as well as in New York state. The following lenders haven't been reviewed by NerdWallet.
NEW YORK CITY
Headquartered in Melville, Long Island, and licensed in more than two dozen states.
Among its many loan programs are mortgages for investment properties and vacation homes.
You can begin the mortgage process by completing a profile form and a call.
Preapprovals delivered in writing within 24 hours.
Headquartered in New York City.
Has extensive educational material on its website.
New York-based, with locations along the East Coast and licensed in 13 states.
Offers renovation loans that can be used to purchase and improve a fixer-upper.
Issues condo, co-op, government-backed, conventional and jumbo loans.
Established in 1991 and based in Brooklyn.
Offices in Brooklyn, Manhattan, the Bronx, Queens and Pomona, New York, as well as California, Connecticut, Florida and New Jersey.
Begin preapproval and check loan status online.
NEW YORK State
Serves central New York as well as eight counties in the state.
Follows the not-for-profit model of a credit union.
Besides typical purchase and refinance mortgages, also finances manufactured homes.
A "Rochester Top 100" business and leading mortgage lender in Buffalo 11 years in a row.
Also has offices in Syracuse and Albany.
An online application form gets the process started.
Headquartered in Albany, with offices throughout the Eastern seaboard.
Assists borrowers with state bond programs in New York, Connecticut, Florida and North Carolina.
New construction loans can have rate locks up to 265 days.
An online application takes about 20 minutes to complete.
The Physician Plus loan program is aimed at medical professionals with high student debt.
Offices in Buffalo, Binghamton/Southern Tier, the Capital Region, the Ithaca area, Rochester and Syracuse.
More from NerdWallet
Last updated on January 6, 2022
Methodology
To recap our selections...
NerdWallet's Best New York Mortgage Lenders of 2022
- Guaranteed Rate: Best for online mortgage lenders
- Quicken Loans: Best for first-time home buyers
- Rocket Mortgage, LLC: Best for online mortgage lenders
- Network Capital: Best for borrowers with weaker credit
- Bank of America: Best for face-to-face service
- Citibank: Best for first-time home buyers & face-to-face service
- SunTrust (Truist): Best for refinancing
- Homebridge: Best for borrowers with weaker credit
- Chase: Best for refinancing
Frequently asked questions
New York City mortgages can vary in size considerably depending on which borough you're looking at and the type of housing. Co-op apartments tend to have lower sale prices (and thus lower mortgage payments), but come with maintenance fees that boost monthly costs.
The minimum down payment depends on the cost of the house and what kind of loan you're using to buy it. With a conventional mortgage, you may be able to put down as little as 3%. Use a New York mortgage calculator to see how your monthly costs would vary based on your down payment. If you're a first-time home buyer in New York, you may also be able to get down payment assistance through the State of New York Mortgage Agency.
In 2020, the median sale price of a house in New York State was $310,000, according to the New York State Association of Realtors. Housing affordability can vary dramatically, however, depending on where in the state you're looking to live. You'll likely see lower asking prices in areas like central New York and the Southern Tier than you would in New York City or on Long Island.