Lynn, MA Home Mortgage Lender | MA Mortgage Loans | Prysma Lending
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Home Loans – Lynn, MA

Your Trusted Lynn, MA Mortgage Lender

exPLORE YOUR Loan OPTIONS

If you’re seeking a trusted lender for conventional & unconventional loans within the Lynn area, you’ve come to the right place. Prysma has helped families within the Lynn area discover that they do have the option to own their own home.

The Prysma team will go through the loan process with you to determine the best possible loan options, rates, and circumstantial factors contributing to your mortgage.

To get started discussing your loan options, give our office a call at 888-743-9985.

Your different Lynn Mortgage loan options

Conventional Loans

To borrow with more flexible loan terms, a conventional loan can offer significantly lower down payments. Borrowers can choose between a fixed or adjustable-rate mortgage.

Unconventional Loans

Prysma’s Unconventional loans might be the right choice for Lynn residents. These alternative mortgage loan types include FHA Loans, VA.

Refinancing Options

If you are a Lynn resident looking to adjust their monthly payments or rates, Prysma can help you refinance.


Reverse Mortgages

If you own a home and wish to leverage the equity you already have, we offer reverse mortgage loans. These loans work for older individuals seeking regular, reliable cash payments.


THE 4 STEPS TO HOMEOWNERSHIP IN Lynn, ma

Prysma is ready to help you through the home buying process. Whether you are relocating to the Stanford area or this is your first house, we’re here. Here is the simple 4-Step process.

1

Pre-Qualification

Our licensed Mortgage Loan Originators will speak with you for a pre-qualification up to a specific amount. Knowing this amount helps you to shop for a home that is in the price range most likely to be right for your family. Your loan specialist will help you to evaluate the best loan option for your needs. We’ll guide you through the process and answer your questions.

2

Find Your Home & Make an Offer

At this point, you may begin the search for your ideal Lynn home. Keep in mind, while searching, that there are a number of important factors to take into account, such as: price, location, community security, and so on. The factors are important when making the decision to purchase a home. Once you’ve chosen your ideal property, it is time to make an offer and negotiate the price with the seller of the home.

3

Loan Application

Once you have decided on a Lynn property, return to Prysma’s Mortgage Loan Originators to apply and secure the right loan for you. A member of our dedicated team of loan specialists will guide you through each step of the process.

4

closing & Moving in

Once the seller has accepted your offer and you have been approved for your mortgage, the closing process will begin. Now is the time to prepare to move into your new home!

Why Borrowers Choose PRYSMA for Lynn Home Loans

Prysma Lending went above and beyond to help me with my loan. It’s hard to rely on a good lender now a days, with all the big corporate banks out there. Prysma provided me with Amazing service. I have been using them for over 10 years and couldn’t be happier.

– S. Johnson

Highly recommend Prysma! They were very professional and went above and beyond my expectations! They kept me informed and answered all my questions. A special thanks for Debora and Mark for their effort, even during their vacation they worked and made my closing happened.

– M. Breda

Prysma cares about their clients and works hard to demonstrate that with each closing!

– W. Bernard

Understanding Lynn home Mortgage loans

Conventional mortgage loans in Lynn

Conventional loans, for which there is no governmental financing, are backed and insured by either the Federal Housing Administration (FHA) or the Veterans Administration (VA). Prysma is responsible for all mortgaging. Prysma offers the following Lynn conventional loan options:

  • Fixed-Rate Loan: If you have a steady and reliable income, then a Fixed-Rate loan may be the right option for you. We work with you to determine a down payment based on your finances, and then work to assign you with one simple, fixed rate. This way there is no guesswork with what you month-to-month payments or rates are.
  • Adjustable-Rate (ARM) Loan:  If you plan on owning your home for only a short while, then ARM loans are a good option for you. These loans, during the determined initial period, have a lower rate and will fluctuate depending on market conditions and index rates. An interest cap will always be negotiated and placed upon your mortgage, but on different months your fate could be lower or higher. By allowing an interest cap, this will limit the maximum your rate can increase to.

Unconventional Mortgage Loans in Lynn

  • Federal Housing Administration (FHA) Loan: As your lender, Prysma can also offer government-backed loans through the Federal Housing Administration (FHA). We can offer potentially better deals, including: a lower down payment, lower closing costs, or lower interest rates. If you wish to secure an FHA loan, you will need to provide your Social Security number, proof of residency in the U.S., and a steady two-year employment history.
  • Tax ID Loan:  These loans are a good option for Non-US citizens who do not have a Social Security number, Green Card, or credit score. If you have a passport and Individual Tax Identification Number (ITIN), you might be eligible for a Tax ID loan.
  • Veterans Administration (VA) Loan: If you’re a military veteran interested in a mortgage loan, our VA loan options may be just what you need. When you compare these loans to conventional ones, several of our VA loans have lower interest rates and don’t require a down payment. When applying for these loans, you must provide proof of military service, proof that you haven’t been dishonorably discharged, and proof of your financials.
Large Brick Home - Mortgage Loan

Mortgage Refinancing in Lynn

Mortgage Refinancing Options: When you want to make adjustments to your monthly payments, refinancing is most common. To pay less through the lifetime of the loan or pay off the mortgage quicker, this can mean increasing or decreasing your interest rate or monthly payments. Our goal is to mold your mortgage around your lifestyle and financial needs here at Prysma. Refinancing is often a helpful option for homeowners.

Reverse Mortgage Options in Lynn

Reverse Mortgage Options: Connecticut residents over the age of 62 who want to exchange equity for cash might benefit from a Reverse Mortgage. Those with reverse mortgages exchange part equity (ownership) of the home for monthly payments rather than making monthly payments for your mortgage. Retirees in search of income to live on month-to-month often do well with this option. With reverse mortgages, the borrower isn’t required to pay back the lender until the home is sold or vacated.

Our Connecticut Home Loan Office Locations

Prysma offers both conventional and unconventional mortgage loans throughout NY, CT, MA & FL. You are not required to visit our offices to complete the loan process as each step can be accomplished over the phone or online.

Our two physical locations are in:

18 Padanaram Rd, Danbury, CT
4750 Main St, Bridgeport, CT

READY TO EXPLORE YOUR Lynn LOAN OPTIONS?