(203) 743-9985

Your Trusted Yonkers, NY Mortgage Lender

At this time Prysma is only licensed to provide mortgages in the NY, CT, MA & FL.

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At Prysma Lending Group, we offer our clients a wide range of options to help individuals and families to purchase and own their homes in Yonkers. Prysma is your trusted lender for conventional and unconventional loans. Our team provides loan options and rates to circumstantial factors that contribute to a mortgage. We are here to help you through the entire process and are ready to answer any questions you may have.

Learn more about the various services we offer, fill out the form here or call us today: (855) 906-3416.

Your Different Yonkers, NY Mortgage Loan Options

Tax ID Loans

Conventional Loans

Non Conventional Loans

Adjustable Rate Loans

FHA Loans

Fixed Rate Loans

Reverse Mortgages

Home Refinancing

The 4 Simple Steps To Homeownership In Yonkers, NY

At Prysma, we are ready to help individuals and families with any part of the homeownership process. We support our clients with any problems or questions you may have. Our team of specialists will assist you through the entire buying process of purchasing your first home or relocating to Yonkers. We use an easy 4-Step process:

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Pre-qualification

Individuals need to be pre-qualified to begin the homeownership process. A licensed Mortgage Loan Originator will work directly with you through the whole process and help find the best price range for your personal needs. Our loan specialists guarantee that you will choose the best option for your needs.

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Find Your Home & Make An Offer

After the pre-qualification process, you need to look for your new home in Yonkers. It’s important to keep in mind the price range, location, and safety ratings in a neighborhood. Once you have found your new home, you can make an offer and negotiate with the seller until you have reached an agreement on the property price.

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Loan Application

The next step of the process is to apply for a loan. Our Mortgage Loan Originators will assist you in your next steps while applying for the loan. A loan officer will file the loan application to secure you the loan that you need to purchase your home in Yonkers.

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Closing & Moving In

After your mortgage loan’s approval, you will pick a closing date and prepare to move into your new home. The last step is to move into your new White Plains home!

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Understanding Yonkers Home Mortgage Loans

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.

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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:

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

Why choose Prysma As Your Home Lender In Yonkers, NY

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Focused on Hispanic Homeownership

We know that not everyone gets treated equally in the home-buying process. We’re here to correct that for members of our community.

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20+ Years of Experience

We’re passionate about what we do, so it’s easy for us to keep growing and delivering home loans to Hispanic families throughout Yonkers, NY

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We’re Honest And Transparent

We want to make your home-buying experience as clear and accessible as possible. We will always be upfront with you about your options.

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We Find Solutions

The home-buying process can be challenging. We’ll help you navigate your options and find the home loan that’s perfect for you.

Ready To ExploreYour Yonkers Loan Options?