6 Best New York City Mortgage Lenders of 2021
Looking for a New York City mortgage lender? We've researched the city’s top lenders, selecting the best in five categories.
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They call New York the city that never sleeps, and it's true that you can find something to eat or do at just about any time of the day or night. But finding a mortgage or a home equity line of credit? That can be almost as hard as finding a home in the city's notoriously labyrinthine real estate market.
NerdWallet is here to help. We compared New York City's leading home lenders and identified some of the best.
Whether you're buying a co-op, looking for a jumbo or searching for a loan with a low down payment (or all three at the same time), these national and local mortgage lenders are a good place to start in New York City and the surrounding metro area.
They call New York the city that never sleeps, and it's true that you can find something to eat or do at just about any time of the day or night. But finding a mortgage or a home equity line of credit? That can be almost as hard as finding a home in the city's notoriously labyrinthine real estate market.
NerdWallet is here to help. We compared New York City's leading home lenders and identified some of the best.
Whether you're buying a co-op, looking for a jumbo or searching for a loan with a low down payment (or all three at the same time), these national and local mortgage lenders are a good place to start in New York City and the surrounding metro area.
Summary of Best New York City Mortgage Lenders of 2021
| Lender | NerdWallet Rating | Min. Credit Score | Min. Down Payment | Learn More |
|---|---|---|---|---|
 Rocket Mortgage by Quicken Loans: NMLS#3030 Learn more at Rocket Mortgage by Quicken Loans | Best for co-op lenders | 620 | 3% | Learn more at Rocket Mortgage by Quicken Loans |
 Chase: NMLS#399798 Learn more at Chase | Best for low down payments & home equity lending | 620 | 3% | Learn more at Chase |
 Bethpage Federal Credit Union: NMLS#449104 | Best for jumbo loans & co-op lenders | N/A | 3% | Read review |
 PNC: NMLS#446303 | Best for jumbo loans & ARMs | N/A | 20% | Read review |
 Bank of America: NMLS#399802 | Best for low down payments | 620 | 5% | Read review |
 TD Bank: NMLS#399800 | Best for home equity lending & ARMs | 620 | N/A | Read review |
at Rocket Mortgage by Quicken Loans
Rocket Mortgage by Quicken Loans: NMLS#3030
Min. Credit Score
Min. Down Payment
at Rocket Mortgage by Quicken Loans
Bethpage Federal Credit Union: NMLS#449104
Min. Credit Score
Min. Down Payment
PNC: NMLS#446303
National / Regional
Min. Down Payment
Bank of America: NMLS#399802
Min. Credit Score
Min. Down Payment
National / Regional
TD Bank: NMLS#399800
National / Regional
Max LTV
N/AMin. Credit Score
Local mortgage lenders in New York City
Some New York experiences are iconic, like folding your pizza slice so the pointy end doesn't sag toward the ground, dripping grease on your shoes. If you're looking for local New York flavor in a mortgage, these lenders are based in or near New York City and have offices in at least some of the boroughs. They are among the highest-volume lenders in the city. NerdWallet has not reviewed these lenders.
3 branches in Brooklyn, 3 in Manhattan, 3 in Queens, serving all 5 boroughs.
Mortgages for one- to four-family units, condos and co-ops.
Focuses on Chinese-American communities, with staffers who are fluent in English as well as Cantonese, Mandarin and multiple Chinese dialects including Fujianese.
Certified by the U.S. Treasury as a Community Development Financial Institution, working in a market niche that is underserved by traditional financial institutions.
1 office in the Bronx, 2 in Brooklyn, 1 in Manhattan, 1 in Queens.
Offers fixed-rate and adjustable-rate mortgages as well as FHA, VA and construction loans.
Specializes in mortgages for foreign nationals and nonresident aliens.
Prepares preapproval letters for buyers to present with offers on homes.
1 office in Manhattan, 1 in Queens.
Offers FHA and VA loans and an array of fixed-rate and adjustable-rate mortgages for purchases and refinances.
Offers loans to international college graduates enrolled in Optional Practical Training, and non-permanent residents may borrow up to 90% loan to value.
Accepts alternative income documentation.
2 offices in Queens.
Offers mortgages for various dwelling types, including condos and co-ops.
Mortgages with down payment as low as 3% for low- to moderate-income borrowers.
Offers home purchase-renovation loans under FHA 203(k) and Fannie Mae HomeStyle programs.
Finances jumbo loans up to $2 million.
More from NerdWallet
Last updated on January 28, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
To recap our selections...
NerdWallet's Best New York City Mortgage Lenders of 2021
- Rocket Mortgage by Quicken Loans: Best for co-op lenders
- Chase: Best for low down payments & home equity lending
- Bethpage Federal Credit Union: Best for jumbo loans & co-op lenders
- PNC: Best for jumbo loans & ARMs
- Bank of America: Best for low down payments
- TD Bank: Best for home equity lending & ARMs
