Home Loans – Buffalo, NY
Your Trusted buffalo, NY Mortgage Lender
exPLORE YOUR Loan OPTIONS
Prysma Lending Group has come to be known as your go to lending group for all your mortgage loan needs in Buffalo and the adjacent towns. Our dedicated officers take pride in providing conventional and unconventional loans to all our Buffalo clients and in helping many families in the Buffalo area understand the many mortgage options that are available to them. Our highly skilled and experienced Mortgage Loan Originators are prepared to discuss a variety of loan options, rates, and circumstantial factors that may have an impact on your home mortgage.
To schedule an appointment with one of our loan officers or to learn more about your mortgage options, contact us at (855) 513-8374. If you choose, you can also fill out the form located here.
Your different Buffalo Mortgage loan options
Your different Buffalo Mortgage loan options
Conventional Loans
For more flexible loan terms and lower down payments, here at Prysma we offer clients our conventional loans. Borrowers can choose between a fixed or adjustable-rate conventional mortgage loan.
Unconventional Loans
Here at Prysma we also offer our borrowers a variety of unconventional loans including FHA Loans, VA Loans & Tax ID (ITIN Loans) that can meet their individual needs.
Refinancing Options
For existing homeowners in Buffalo who need to lower their monthly mortgage payments or are looking for a lower interest rate, check out our refinance options. Our refinancing options are designed to meet all your personal needs.
Reverse Mortgages
In addition to the above, we also offer reverse mortgages to our Buffalo clients. With a reverse mortgage, homeowners can leverage their existing equity and obtain cash needed.
THE 4 STEPS TO HOMEOWNERSHIP IN Buffalo, NY
For both first-time home buyers, or those who are relocating to Buffalo, the team here at Prysma Lending Group is on hand to help you through the entire mortgage process with our simple 4-Step Process.
1
Pre-Qualification
To begin the mortgage process, we must first determine your pre-qualification amount. This is the amount of money that will be made available to you for the purchase of your new home. To determine your pre-qualification amount, one of our dedicated Mortgage Loan Originators will work right alongside you to ensure that you choose the ideal loan option for your individual needs.
2
Find Your Home & Make an Offer
After the pre-qualification phase, you want to next take time to find a home in Buffalo that meets with your taste and individual needs. When searching for your new home it is important to pay attention to prices, locations, and to neighborhood safety ratings as well. Once you choose a home you want to purchase, you can then make a formal offer to the seller. You may have to negotiate a bit with the seller to come to an agreed upon sale price.
3
Loan Application
Once you have an approved sale price, you can now work with a Mortgage Loan Originator here at Prysma to file and secure your home mortgage loan application.
4
closing & Moving in
Finally, after your mortgage has been approved, the next step with be attendance at the closing and then you can begin your move in plans for your new Buffalo home.
Why Borrowers Choose PRYSMA for Buffalo 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 Buffalo home Mortgage loans
Conventional mortgage loans in Buffalo
A loan funded by the lender and not backed or insured by a government agency such as the Federal Housing Administration (FHA) or the Veterans Administration (VA) is called a conventional mortgage loan. Here at Prysma we offer borrowers a variety of conventional loan options including:
- Fixed-Rate Loan: A fixed-rate loan requires a borrower to make a down payment and has a simple fixed rate. The monthly mortgage payment for the borrower is the same every month.
- Adjustable-Rate (ARM) Loan:An adjustable-rate (ARM) loan starts out with a lower rate at its inception and then fluctuates. The fluctuations are based on index rates and market conditions. These loans also have a negotiated cap that limits the maximum rate increase that can occur. If you plan to live in your home for a short span of time, an ARM is probably the best mortgage option for you.
Unconventional Mortgage Loans in Buffalo
- Federal Housing Administration (FHA) Loan: Here at Prysma Lending we offer Federal Housing Administration (FHA) Loans. FHA loans are backed by the Federal Housing Administration (FHA) and offer borrowers lower down payments, lower closing costs, and even lower interest rates. In order to qualify for an FHA loan, a borrower much have a valid Social Security number, lawful residency in the U.S. and a steady two-year employment history.
- Tax ID Loan: If you have no Social Security number, credit score, or Green Card, then check out of Tax ID loan. The only requirements are that borrowers must be employed and have a passport and an Individual Tax Identification Number (ITIN).
- Veterans Administration (VA) Loan:
For our valued military clients who are looking to purchase a home in Buffalo we offer our Veterans Administration (VA) Loans. To obtain a VA loan military personnel must show proof of military service and provide confirmation that there was no dishonorable discharge. They will also be required to disclose prior financials. VA loans require no down payment and offer lower interest rates.
Mortgage Refinancing in Buffalo
Mortgage Refinancing Options: If you already own a home in Buffalo but need to reduce your monthly mortgage payments or reduce your interest rate, then our mortgage refinancing options are the solution for you. Contact one of our loan officers today to discuss mortgage refinancing options with you and help you choose the option that best fits your financial and lifestyle needs.
Reverse Mortgage Options in Buffalo
Reverse Mortgage Options: Homeowners over the age of 62 in Buffalo who want to exchange the equity in their homes for cash, perhaps a reverse mortgage would work for you. Homeowners are not required to make monthly payments but rather the lender pays them monthly for an exchange of equity in their home. For an additional income, inquire about our reverse mortgage options.
Our Connecticut Home Loan Office Locations
At Prysma Lending Group our team of highly skilled and experience Mortgage Loan Originators stand ready to meet your every need. Our team of professionals are committed to helping all our Buffalo clients find the right mortgage option that meets with their individual needs. Whether a conventional or unconventional loan, we have got you covered. Simply give a call out to a loan officer today or, if you prefer, you can go through the loan process right online. You can also visit a mortgage loan officer at one of our two Connecticut locations.
For an in-person meeting with one of our Mortgage Loan Officers visit us at one of our two Connecticut locations:
18 Padanaram Rd, Danbury, CT; or
4750 Main St, Bridgeport