New York City, NY Home Mortgage Lender | NY Mortgage Loans | Prysma Lending
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Home Loans – New York City, NY

Your Trusted New York City, NY Mortgage Lender

exPLORE YOUR Loan OPTIONS

Prysma Lending Group has two conveniently located locations at 18 Padanaram Rd, Danbury, CT, and 4750 Main St, Bridgeport, CT. Our team of dedicated mortgage loan originators is ready to serve New York City clients for all their home mortgage loan needs at our offices.

We have been the top of the line lender of both conventional and unconventional mortgage loans for years and are experienced in assisting individuals and families with understanding their mortgage options. We have many types of loan options and rates to circumstantial factors that could potentially be impacting your New York City home mortgage.

To learn more about our lending options at Prysma or to schedule an appointment with one of our qualified mortgage loan specialists, call our team at (855) 906-3416 or fill out our online form.

Your different New York City Mortgage loan options

Conventional Loans

Conventional loans are loans that are more flexible and tend to have lower down payments. We strive to offer conventional loans to our clients, and borrowers can decide between fixed or adjustable-rate mortgage loans.

Unconventional Loans

The types of unconventional loans that we offer our borrowers are for FHA loans, VA loans, and Tax ID (ITIN loans), which can help individuals’ specific needs.

Refinancing Options

Refinancing options that exist for homeowners of New York City are for those who want to lower their monthly mortgage payments or need a lower interest rate which are developed to meet all your personal financial needs.

Reverse Mortgages

In addition to the loan options above, we also offer reverse mortgages for homeowners in New York City. Homeowners can leverage their existing equity in exchange for cash with a reverse mortgage.

The 4 STEPS TO HOME OWNERSHIP IN NEW YORK CITY, NY

Our team of mortgage loan originators here at Prysma are fully committed to guiding all our clients through every step of the home buying process. We understand that buying a home can be difficult, but we have developed an easy four-step process. Our four-step process is helpful and simple for first-time homebuyers who are looking to relocate and purchase a new home. Our team will help you achieve the homeownership status.

Even if you are a first-time homebuyer or want to relocate to the New York City area, our team here at Prysma is prepared and experienced to work with you closely through the home buying process. Here is the four-step process to homeownership.

1

Pre-Qualification

The first phase of the buying process is to obtain pre-qualification status. In this phase, our team will determine the amount of money that you are approved with to be able to purchase your new home in NYC. The mortgage loan specialist will work with you to determine the correct amount and ensure that you are making the best decisions when choosing the loan options for your financial needs.

2

Find Your Home & Make an Offer

The second phase is to find your dream home that will meet all your needs. It is important to keep in mind the price of the house, location, and even neighborhood safety when searching for your new home. Once you think you have found your new home, you will put in an offer with the seller. The negotiations will occur until an agreement is reached.

3

Loan Application

Now that you have found your new NYC home and determined the purchase price, our mortgage loan specialists will file and secure your mortgage loan application. They will work with you through the application process to make sure it goes smoothly.

4

closing & Moving in

Finally, the last step of the process is ensuring that your home mortgage has been approved. Now that it is approved, you can prepare for closing and moving into your new New York City home. Our process is designed to be manageable for our clients to be able to obtain homeownership.

Why Borrowers Choose Prysma for New York City 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 New York City Home Mortgage Loans

Conventional Mortgage Loans in New York City

Conventional loans are not backed or insured by a government agency such as the Federal Housing Administration (FHA) or the Veterans Administration (VA). The lender, Prysma will fund the mortgage and we offer two different options of conventional loans, including fixed-rate and adjustable-rate loans:

  • Fixed-Rate Loan: The fixed-rate loans require a down payment and monthly payments to be made by a borrower with a simple fixed rate. The fixed-rate loan is the best type of loan because the borrower is able to make the same payment every month which is sustainable for individual financial needs.
  • Adjustable-Rate (ARM) Loan: Adjustable-Rate Loans are a type of mortgage loan that starts with a lower rate during the initial period of the loan and then fluctuates based on index rates and market conditions. ARM loans will have a negotiated cap that will limit the maximum amount that the rate can increase. NYC clients can get an ARM loan if they are homeowners that only want to keep their homes for only a short amount of time.

Unconventional Mortgage Loans in New York City

  • Federal Housing Administration (FHA) Loan: FHA (Federal Housing Administration) loans are unconventional loans that are backed by the Federal Housing Administration government agency. Even though the loans are government-backed, they are insured by the lender. Prysma is able to offer you an even better deal, including a lower down payment, lower closing costs, or even lower interest rates. To obtain this type of loan, the borrowers must have a valid Social Security number, lawful residency in the U.S., and a steady employment history within the past two years.
  • Tax ID Loan: Prysma will offer this type of loan to those who are employed, have a passport and an Individual Tax Identification Number (ITIN). A Tax ID Loan is a great loan option for potential homeowners that do not have a Social Security number, a credit score, or a Green Card.
  • Veterans Administration (VA) Loan: The Veterans Administration (VA) are unconventional loans offered to our valued military clients that are backed by the VA. Most of the VA loans that are offered do not require a down payment and also offer even lower interest rates than conventional loans. To obtain the VA loan, proof of military service, disclosure of prior finances, and confirmation of no dishonorable discharge are required.
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Mortgage Refinancing in New York City

Mortgage Refinancing Options: Mortgage refinancing options are available for existing homeowners in New York City who want to reduce monthly mortgage payments, have lower loan rates, or have access to their home equity. Prysma will offer specialized mortgage refinancing options based on your needs to allow you more financial freedom.

Reverse Mortgage Options in New York City

Reverse Mortgage Options: Reverse mortgage options are here for homeowners in New York City that want to reduce their monthly mortgage payments or reduce their interest rates. Our mortgage loan specialists will discuss your possible refinancing options that we offer here at Prysma. Reverse mortgages allow you to choose the best option that fits your financial and lifestyle needs by exchanging home equity for cash.

Our Connecticut Home Loan Office Locations

Prysma Lending Group has helped thousands of clients obtain their homeownership status with the help of our team of dedicated loan specialists. We have earned ourselves a spot on the marketplace charts since 2003 as one of the best all-around home loan lending groups. Our top priority is assisting our clients through the decision making and home buying process. You can reach our team with any questions or at our two locations in Danbury and Bridgeport, CT. Our team is dedicated to working to fit your mortgage needs so that you won’t experience further financial challenges.

Our two Connecticut offices which are located at:

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

READY TO EXPLORE YOUR Middletown LOAN OPTIONS?