Your Trusted Yonkers, NY Mortgage Lender

Conventional Mortgage Loans in Yonkers

Prysma offers mortgage funding for conventional loans due to a lack of government funding. The mortgage loans are not backed or insured by the Federal Housing Administration (FHA) or the Veterans Administration (VA). The options we offer our clients for a conventional loan is:

● Fixed-Rate Loan: A fixed-rate loan is perfect for an individual who has a steady monthly income and is able to make a monthly payment for a mortgage. Clients will receive a simple fixed-rate and be required to make a down payment upfront. After a down payment is made, monthly payments will follow but we ensure the monthly payment rate remains constant throughout the loan period.

● Adjustable-Rate (ARM) Loan: An adjustable-rate loan is suitable for individuals who are planning to buy a home and have it for a short period of time in Yonkers. ARM mortgage will start at a low rate during the initial period but its rate will fluctuate each month depending on the market conditions and index rates. A cap will be negotiated but will have a maximum rate increase for an ARM loan.

Non-Conventional Mortgage Loans in Yonkers

● Federal Housing Administration (FHA) Loan: A Federal Housing Administration Loan is backed by the Federal Housing Administration government organization that is insured by the lender. At Prysma, we want to provide our clients with a lower down payment, lower closing costs, and lower interest rates. For qualification, the client 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: A Tax ID loan is an ideal option for those who do not have a social security number, a Green Card, or a credit score. Our team will work to offer a Tax ID loan to individuals who have a steady employment income and possess a passport and an Individual Tax Identification Number (ITIN).

● Veterans Administration (VA) Loan: A Veterans Administration Loan is the best option for those who are serving or have served in the military. A VA loan traditionally does not require a down payment and offers a lower interest rate compared to a conventional loan. To acquire this type of loan you must provide proof of military service as well as confirmation of no dishonorable discharge and disclosure of previous financials.

Mortgage Refinancing in Yonkers

Mortgage Refinancing Options: Refinancing with Prysma can help you decrease your mortgage interest rates, reduce monthly payments, adjust early mortgage payoff options, or even try to pay less throughout the term of your loan. We want to provide you with services that best suit your financial and lifestyle needs.

Reverse Mortgage Options in Yonkers

Reverse Mortgage Options: The reverse mortgage option is great for individuals who are over the age of 62 and want to exchange equity for cash. This reverse mortgage will allow you to live month to month and not pay a mortgage payment. A lender will exchange monthly payments to equity of the home. You won’t have to make payments until the home is vacated or sold.

Our Connecticut Home Loan Office Locations

Our Mortgage Loan Originators team here at Prysma Lending Group strives to deliver our White Plains clients’ highest quality services. We are committed to meet all the needs of our clients through conventional or unconventional loans. You can contact one of our loan officers at one of our Connecticut locations in Bridgeport and Danbury. At your convenience, you can also complete the loan process over the phone and online.
Prysma Lending Group strives to provide our clients with high-quality services from our Mortgage Loan Originators team. We are driven to provide conventional and unconventional loans to meet all of our client’s needs. Our loan officers are readily available to help you or you can visit our locations in Bridgeport, CT, and Danbury, CT. We also offer loan process services online and by phone.
Our two Connecticut offices are located at: