Research New York Mortgage Rates from Competing Lenders and Brokers

Sunset from Overlook Mountain in Catskills Region of New YorkFrom the serene and majestic beauty of the Adirondacks and Catskills to the greatest city in the World, New York City, New York has it all. New York is a state rich in diversity and the same holds true for the real estate market throughout the Empire State. When searching for New York home mortgages, start your search at

Whether you are looking to purchase a house on the Great South Bay in Long Island, refinance a condo in Brooklyn, or take out a home equity line of credit to update your home in Lake George, you can find the right New York mortgage program at competitive interest rates using the tools and resources on this site.

Using the rate table

The majority of the mortgage companies represented in the rate survey on this page offer a variety of fixed rate (10, 15, 20, and 30 year terms) and adjustable rate financing solutions (3/1, 5/1, and 7/1 ARMs) for 1-4 unit residential properties (i.e. single family homes, duplexes, triplexes, and quadraplexes). These mortgage companies typically allow properties to be used as primary residences, second homes (aka vacation homes), or investment properties (rental homes). Rates often vary by occupancy type so you’ll need to speak with the various lenders and brokers to make sure that you qualify for what they have posted. Rates may also vary of other reasons including the type of property being financed. For exmaple, interest rates for condos may have pricing adjustments when compared to stand-alone, stick built homes. Be sure to speak with the various home loan providers directly to make sure that you have an accurate idea of pricing for your unique scenario.

Other outlets for researching mortgage companies and home buyer assistance programs in the State of New York

Statue of Liberty in NYC

Mortgage Bankers Association of New Yorkwebsite
PO Box 7361 Hicksville, NY 11802-7361 PH: 516-997-3707

New York Association of Mortgage Brokerswebsite
100 Mamaroneck Ave Suite 303 Mamaroneck, NY 10543 PH:914-315-6644

Credit Union Association of New Yorkwebsite
PO Box 15118 Albany, NY 12212-5118 PH: 800-342-9835

Department of Financial Serviceswebsite
One State Street New York, NY 10004-1511

New York Department of Housing Prevention and Development’s HomeFirst DownPayment Assistance Programwebsite

The State of New York Mortgage Agency (SONYMA) Products for First Time Home Buyerswebsite

Remodel New Yorkwebsite
Helps first time home buyer finance properties in need of improvements and repairs.

Affordable Housing Partnershipwebsite
Downpayment assistance program in the Capital Region

Types of Fixed Rate Mortgages Posted in the Rate Tables and Why to Consider Each One

  • 30 Year Mortgages – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
  • 20 Year Mortgages – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
  • 15 Year Mortgages – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
  • 10 Year MortgagesShortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.