Your Trusted Kiryas-Joel, NY Mortgage Lender

Conventional Mortgage Loans in Kiryas-Joel

The mortgage funding for a conventional loan is provided by the lender since they lack government funding and are not insured by the Federal Housing Administration (FHA) or the Veterans Administration (VA). The conventional loan offers we provide potential buyers include:

● Fixed-Rate Loan: Individuals with a steady monthly income wanting to make monthly mortgage payments, may find that a fixed-rate loan is an ideal option for them. A fixed-rate loan offers simple fixed-rate and monthly payments that remain the same throughout the life of the loan once an upfront down payment is made.

● Adjustable-Rate (ARM) Loan: Our adjustable-rate (ARM) loan option is ideal for the home purchaser who plans to only own their home for a short period of time. It offers a lower rate during the initial period and presents a fluctuating rate that will differ from month to month depending upon market conditions and index rates. The good side of this loan option is that it comes with a negotiated cap.

Non-Conventional Mortgage Loans in Kiryas-Joel

● Federal Housing Administration (FHA) Loan: FHA (Federal Housing Administration) loans which are backed by the Federal Housing Administration government organization and insured by the lender are yet another mortgage loan option Prysma offers. We can offer you a better deal including a lower down payment, lower closing costs, and sometimes even lower interest rates. To qualify for this type of loan, borrowers must have a valid Social Security number, lawful residency in the U.S. and a steady employment history within the two years prior to applying for the loan.

● Tax ID Loan: For homebuyers who do not have a Social Security number, a Green Card or a credit score, a Tax ID loan would be the best choice for you. We offer Tax ID loans to borrowers who have a steady employment income and possess a passport and an Individual Tax Identification Number (ITIN).

● Veterans Administration (VA) Loan: For those individuals who are military, we offer Veterans Administration (VA) loans that typically require no down payment and additionally offer much lower interest rates than conventional loans. Proof of military service is required as well as confirmation of no dishonorable discharge and disclosure of previous financials.

Mortgage Refinancing in Kiryas-Joel

Mortgage Refinancing Options: For our Kiryas Joel homeowners who are in need of decreasing interest rates, reducing monthly payments, or simply are looking for early mortgage payoff options the team here at Prysma has got you covered. We strive to meet the individual needs of all our valued clients.

Reverse Mortgage Options in Kiryas-Joel

Reverse Mortgage Options: A reverse mortgage is an ideal option for those individuals over the age of 62 looking to exchange equity for cash in order to live month to month. With a reverse mortgage, a homeowner no longer pays the monthly mortgage payment but rather exchanges their equity in the home and the lender pays the monthly payments instead. Homeowners make no payments to the lender until such time the home is either vacated or sold.

Our Connecticut Home Loan Office Locations

Here at Prysma Lending Group, we are committed to providing all our Kiryas Joel clients with only the highest quality services. Our team of dedicated Mortgage Loan Originators is steadfast in their commitment to meet the personal needs of our clients and do so by way of conventional or unconventional loans. To learn more about our high-quality services and loan options, reach out to a loan specialist today. You can also complete the loan process online or over the phone if that is your preference.
Our two Connecticut offices are conveniently located at: