Get Pre-QualifiedGetting pre-qualified proves that you’ve already lined up financing and have the ability to go through with the sale, which makes you a more attractive buyer to sellers.Get Pre-Qualified
TODAY’S MORTGAGE RATES
Rates current as of 2/23/2024
Choose the Right Mortgage
Fixed Rate Mortgage
Adjustable Rate Mortgage (ARM)
State of New York Mortgage Agency (SONYMA)
Renovation Financing: Buy The Fixer-Upper
Sometimes the house you want – or the only one your budget allows – needs a little love. With Renovation Financing, you may be able to roll a renovation loan into your mortgage. This unique solution means you get to buy the home and pay for the work it needs…while still only paying one mortgage payment a month.
Talk to a Mortgage Expert today to find out if your purchase could qualify for renovation financing.
5 Steps to Get Started
Get PreparedThere are a few ways you can get prepared. We’ll guide you through some considerations before you apply.
CalculateUse our calculator to determine your monthly payment.
Pre-QualifyGetting pre-qualified will tell you how much you can borrow so you can shop for your new house with confidence.
Find a HomeAn MHV Mortgage Expert can recommend a trusted Real Estate Agent to help you find and negotiate the price for your new dream home.
Final Walkthrough & ClosingThe closing is the last step in buying and financing a home. At your closing appointment, the Mortgage is finalized and the title of the house is transferred to you. You officially become a home owner.
GET EVEN MORE WITH THESE 8 EMAILS
Want to really step up your home-buying game? Good, because all it takes is entering your email below. You’ll get a series of 8 emails going into more detail about:
Debt-to-income – and how this ratio can mean you don’t get a mortgage
Maintenance – and how much more it could add to owning a home
Realtors – and the tips they share with clients
Calculate Your Mortgage Payment
The PMI rate will vary based on credit score, down payment and other criteria.
WHAT IS NEEDED FOR A MORTGAGE APPLICATION?
You may submit these documents through our Application portal:
Last 2 years W2's and 2 current paystubs evidencing at least 30 days of year-to-date income
Last 2 months bank statements for all savings and checking accounts
If self-employed: Last 2 years signed tax returns with all schedules
How Long Does it Take?
Grab this download for the steps of a mortgage application, estimated timeframes, and a list of required documents.
Meet Our Mortgage Experts
Our Mortgage Experts will help guide you through the entire mortgage process and recommend a trusted realtor.
Final Walkthrough & Closing
Before closing, it is recommended that you do a final walkthrough of the home to ensure its condition has not changed and that any features that were supposed to be included in the sale are still in place. On the closing day, the Mortgage is finalized, and the title of the house is transferred to you.
Here are some tips:
Good Quality of Service
They are very helpful and they offer very professional service. Every time I have a question about anything, it gets handled quickly and efficiently.Sheila F.
MHV has easy access to local branches, extended hours teller machines, competitive rates on loans and mortgages, and easy loan application process. Good quality of service!Matthew B.
Apply in less than 15 minutes
Commonly Asked Questions About Mortgages
SONYMA mortgage is a mortgage through The State of New York Mortgage Agency (SONYMA). SONYMA specializes in mortgage programs to assist first-time homebuyers and those meeting certain income qualifications who are purchasing a home in New York State.
Click here for the home buyer programs we participate in.
Please visit our Rates page for today's mortgage rates.
- First, you will know exactly how much house you can afford. This will help you focus your search and use your time more efficiently.
- Getting pre-qualified gives you buying power because the seller knows you have financing lined up, making you more attractive to them.
Learn more about mortgages and get pre-qualified here.
Rates, terms and conditions subject to change without notice. All loans subject to credit approval. *APR=Annual Percentage Rate. All loans subject to approval. Rates, terms, and conditions are subject to change.