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Mortgages and Mortgage Brokers on Long Island, NY

Updated Oct 05 2014 04:20 PM EST with 105 listings

Mortgage Basics:

A mortgage is a long-term loan, generally repaid over a period of 15 to 30 years,that a borrower obtains from a bank, independent mortgage broker, online lender, thrift or the property seller. Essentially, the house and land serve as the collateral for the mortgage loan. At the closing, the borrower signs documents that give the lender a lien against the property. Thus, the lien gives the lender the power to take the home through foreclosure if the borrower cannot make the agreed upon payments. Visit the BankRate.com mortgage basics page for an in depth discussion of mortgage choices.

Mortgage Types:

Mortgage Resources:

Mortgages and Mortgage Brokers on Long Island, NY

Aapex Mortgage

22 Oakwood Rd., Huntington NY 11743 Tel 631-470-9494
Fax: 631-824-9117

American Security Mortgage

Mortgage financing, mortgage rate calculation, reverse mortgage, and refinance.
Tel 877-796-9230
Website: asmortgage.com

American Security Mortgage - Huntington

110 Walt Whitman Rd., Huntington NY 11743 Tel 631-549-5200

American Security Mortgage - Woodbury

3 Crossways Park Dr W., Woodbury NY 11797 Tel 516-465-5900

Americana Mortgage Group

Specialist in jumbo mortgages, home equity loans and refinancing of residential real estate in New York, Long Island, Nassau, Suffolk, and Queens
Tel 888-262-6685
E-mail: amermtg@aol.com; Website: americanamortgage.com

Americana Mortgage Group - Hauppauge

330 Motor Parkway, Hauppauge NY 11788 Tel 631-300-0102

Americana Mortgage Group - Manhasset

1615 Northern Blvd., Manhasset NY 11030 Tel 516-627-0200
Fax: 516-627-0229

Americana Mortgage Group - Southampton

1673 North Hwy., Southampton NY 11968 Tel 631-283-2900

Ameristar Mortgage Corporation

534 Broadhollow Rd., Melville NY 11747 Tel 631-621-1200
Fax: 631-621-1185; E-mail: ameristarmortgage@hotmail.com

Artisan Mortgage Company

Fannie Mae and Freddie Mac Loan specialists. A company small enough to be personal, yet experienced enough to offer the best in mortgage financing.
724 --726 Main St., Islip NY 11751 Tel 631-859-9414
Fax: 631-859-9419; Toll-Free: 800-499-0141
E-mail: jim.barry@yahoo.com; Website: artisanhomemortgage.com

Atlantic Home Mortgage

166 Central Ave., Farmingville NY 11735 Tel 631-293-5400
Website: atlantichome.com

Babylon Funding Group

We offer 100% financing, no cost home equity lines, bad credit & foreclosure bailouts & many other specialty mortgage products. Licensed in New York and Florida.
73 Deer Park Ave., Babylon NY 11702 Tel 631-321-0453
Fax: 631-321-0897; Toll-Free: 800-913-9419
E-mail: jon@applynowfree.com; Website: babylonfundinggroup.com

Branch Mortgage Consultants

East Setauket Long Island NY Mortgage and real estate consulting
222 Main St., East Setauket NY 11733 Tel 631-360-0004
Website: branchmortgageconsultants.com

Capital Resources Company

Morthgage and real estate insurance title company
366 North Broadway, Jericho NY 11753 Tel 516-336-2646

Castle Rock Mortgage - Melville

Purchases, refinances, home equity lines
150 Broadhollow Rd., Melville NY Tel 631-351-8221
Website: castleRckMortgage.com

Castle Rock Mortgage - Stony Brook

Professional mortgage consultant
1 Hillside Rd., Stony Brook NY 11790 Tel 631-689-6555
E-mail: pkunder1@optonline.net; Website: pkunder.com

Coldwell Banker Mortgage Broker

15 West 8th St., Deer Park NY 11729 Tel 51640443739

Complete Home Mortgage Corporation

Variety of loan programs at very competitive rate.
535 Broadhollow Rd., Melville NY 11747 Tel 631-360-2800
Website: completehomemortgage.com

Concord Mortgage Corp.

Mortgage company Huntington NY
310 New York Ave. (110 no./25A), Huntington Village NY 11743 Tel 631-589-5010

Consumers Home Mortgage

Mortgages, mortgage rates, home loans, and refinancing options
115 Broadhollow Rd., Melville NY 11747 Tel 631-547-6840

Countrywide Home Loans

Mortgage banker.
330 South Service Rd., Melville NY 11747 Tel 631-847-8212
E-mail: Valerie-Donofrio@countrywide.com

Crestview Mortgage

Full processing mortgage brokerage firm
76 -A West Montauk Hwy., Hampton Bays NY 11946 Tel 631-728-0300

Delta Funding Corporation

Woodbury NY headquarters of specialty consumer finance company that sells non-conforming mortgage loans through its owned subsidiaries Delta Funding Corporation and Fidelity Mortgage Inc.
1000 Woodbury Rd., Woodbury NY 11797 Tel 516-364-4100
Tel: 516-364-8500; Website: deltafunding.com

Divident Funding

Mortgage consultant
1065 Old Country Rd., Westbury NY 11590 Tel 516-876-1111
Fax: 516-334-8997; Switchboard: 115
E-mail: smiamiweiss@aol.com

East Coast Financial Services

2004 Trafalgar Place, Coram NY 11727
Website: RonaldMcFarland.com

East Coast Funding

Provide competitive rates and flexible mortgage programs
374 South Oyster Bay Rd., Hicksville NY 11801 Tel 516-937-7283
Cellular: 516-509-5831; Fax: 516-937-0784
Website: eastcoastfunding.com

Eastland Mortgage

East Coast's mortgage company providing refinance, purchase, and jumbo mortgage loan programs
601 Jericho Tpke., Syosset NY 11791 Tel 516-364-1500
Fax: 516-364-1515; E-mail: eastlandmortgage@aol.com
Website: eastlandmortgage.com

Evergreen Mortgage

Evergreen Mortgage has over 30 broker dedicated to educating prospective homeowners on the financing of their homes.
55335 Main St., Southold NY 11971 Tel 631-650-0600
Tel: 631-728-0004; Tel: 631-765-1700
Fax: 631-980-9663

Fast Track Funding

free mortgage consultation, any loan amount arranged
247 West Old Country Rd., Hicksville NY Tel 877-327-8485
Website: fasttrackfunding.com

Federal Housing Administration

Foreclosure prevention, no prepayment penalties, non-traditional credit, and low down-payments to help you keep your home.
All Long Island NY Tel 800-225-5342
Website: fha.gov

First American Home Funding

741 Park Ave., Huntington NY 11743 Tel 631-898-8020

First Lincoln Mortgage

Huntington Station Long Island NY Mortgage Broker
33 Walt Whitman Mall Rt 110, Huntington Station NY 11746 Tel 631-547-9700

First Millennium Funding

100 West Main St., Babylon NY 11702 Tel 631-893-3400
Website: fmflenders.com

Freedom Mortgage

380 Town Line Rd., Hauppauge NY 11788 Tel 631-865-0506

G. & M. Wolkenberg

2838 Long Beach Rd., Oceanside NY 11572 Tel 516-536-2525
Fax: 516-536-2519; E-mail: info@wolkenberg.com
Website: wolkenberg.com

Gallagher Associates

3505 Veterans Memorial Hwy., Ronkonkoma NY 11779 Tel 631-467-1010
Website: gafinancing.com

Global Home Loans and Finance

270 South Service Rd., Melville NY 11747 Tel 631-393-0236

Green Valley Mortgage

At Green Valley Mortgage, our staff makes your experience comfortable. From the first meeting through the closing, your loan officer is by your side. No cost-No obligation. Green Valley Mortgage can help.
1741 --B North Ocean Ave., Medford NY 11763 Tel 631-207-2003
Fax: 631-207-2005; E-mail: marcg@gvmtg.com
Website: greenvalleymortgage.com

GreenStreet Financial Group, Inc.

29 Green St., Huntington Village NY 11743 Tel 631-425-1440
Fax: 631-271-7996; E-mail: team@greenstreetfinancial.com
Website: greenstreetfinancial.com

Home Loan Experts

155 Pinelawn Rd., Melville NY 11747 Tel 631-752-5455

Hometrust Mortgage Bankers

Variety of mortgage programs anf home equity loans
60 Oak Dr., Syosset NY 11791 Tel 516-921-0040

Hope Funding Group

Huntington Station Long Island NY Residential mortgage broker commercial mortgage broker
878 East Jericho Tpk., Huntington Station NY 11746 Tel 631-379-0754
Tel: 631-423-8030; Fax: 631-423-8032
Website: hopefundinggroup.com

Horizon Mortgage Equities

Mortgage loans, refinancing, home equity options
40 Vernon Valley Rd., East Northport NY 11731 Tel 631-757-2500
Tel: 888-448-8686

HSBC Mortgage Corporation (USA)

Personal home loans specialists
Tel 800-338-4626
Website: us.hsbc.com

HSBC Mortgage Corporation (USA) - Jamesport

1564 Main Rd., Jamesport NY 11947 Tel 631-722-5328

HSBC Mortgage Corporation (USA) - Melville

534 Broadhollow Rd., Melville NY 11747 Tel 631-752-4375

Huntington Community Mortgage Bankers

225 Broadhollow Rd., Melville NY 11747 Tel 631-845-4900

InSource Financial Services

Financial services company specializing in servicing non-conforming residential and commercial mortgage loans
1160 East Jericho Tpk., Huntington NY 11743 Tel 631-820-3600
E-mail: RLaVigna@InsourceFS.com; Website: insourcefs.com

Integrity First

Specialize in purchase loans, refinance, debt consolidation and real estate
3 Seacourt Ln., Port Jefferson NY 17777 Tel 631-474-9800
Fax: 631-474-9801; Website: integrityfirst.biz

IPI Skyscraper Mortgage

Full service mortgage broker company
33 Flying Point Rd., Southampton NY 11968 Tel 631-283-9300
Fax: 631-287-1400; Website: ipisky.com

LSB Capital

Home mortgage loans, refinancing, and debt consolidation
376 Mark Tree Rd., Setauket NY 11733 Tel 631-246-5700
Website: lsbmoney.com

Manchester Company, The

Large originator's of loans for both residential and commercial mortgages in the state of New York offering first and second mortgages, mortgage refinance options, mixed-use and commercial properties across Long Island based in Huntington
483 New York Ave. (110 so./25A), Huntington Village NY 11743 Tel 631-385-4949
Toll-Free: 800-270-1434; E-mail: info@manchestercompany.com
Website: mortgageoriginators.com

Manhattan Mortgage

Residential mortgage brokerage company, providing complete latest information on all mortgage resources from loan pre-qualification to closing
Tel 888-593-4343
Website: manhattanmortgage.com

Manhattan Mortgage - Westhampton Beach

Local mortgage resource serving Westhamton and East End community in Long Islang NY
63 Main St., Westhampton Beach NY 11978 Tel 631-288-4555
Fax: 631-288-4544

Manhattan Mortgage - Bridgehampton

Local mortgage resource serving Bridgehamton and East End community in Long Islang NY
2415 Main St., Bridgehampton NY 11932 Tel 631-537-7765
Fax: 631-537-7795

Manhattan Mortgage - East Hampton

Local mortgage resource serving East Hampton and East End community in Long Islang NY
75 Main St., East Hampton NY 11937 Tel 631-324-1555
Fax: 631-324-9505

Manhattan Mortgage - Jericho

Local mortgage resource serving Jericho and Oyster Bay community in Long Island NY
350 Jericho Tpk., Jericho NY 11753 Tel 516-937-5555
Fax: 516-937-5550

Manhattan Mortgage - Southampton

Local mortgage resource serving Southhamton and East End community in Long Islang NY
101 Jobs Lane, Southampton NY 11968 Tel 631-283-6660
Fax: 631-283-6990

MCS Mortgage Bankers

Patchogue Long Island New York mortgage brokers
646 Route 112, Patchogue NY 11772 Tel 631-475-9800
Cellular: 631-767-5781; Fax: 631-289-2687

Millennium Mortgage

50 Woodbury Rd., Huntington NY 11743 Tel 631-423-5100
Website: mmcloan.com

Mortgage Advantage Corp.

Mortgage broker
410 New York Ave. (110 so./25A), Huntington Village NY 11743 Tel 631-424-5100
Fax: 631-424-5108; Website: mortgageadvantage.com

Mortgage Cube Consultants

Mortgages for all types.
63 Young's Hill Rd., Huntington NY 11743 Tel 631-385-7632
Tel: 877-367-4223; Fax: 631-385-7623
E-mail: forgabe2@aol.com; Website: mortgagecube.com

Mortgage Financial Services

Mortgage lending and refinancing specialist
145 East Main St., Huntington Village NY 11743 Tel 631-351-8800
Fax: 631-351-8876; E-mail: info@mtgfin.com
Website: mtgfin.com

Mortgage Zone

560 Broadhollow Rd., Melville NY 11747 Tel 631-673-8444
Website: mortgagezoneusa.com

Netlink Funding Corp.

Netlink Funding Corp is a registered brokage within the state of New York. We are also licensed to arrange loans in CT, CO, and FL. "Credibility ~ Professionalism ~ Trust"
3239 Route 112, Medford NY 11763 Tel 631-451-0086
Fax: 631-451-0118; Toll-Free: 866-638-8600
E-mail: netlink@optonline.net; Website: NetlinkFunding.com

New York Morgage Company

Division of Indymac Bank
1 Hollow Ln., Lake Success NY 10042 Tel 516-684-3615
E-mail: dsater@nymc.com; Website: nymc.com

New York Mortgage, The

Division of IndyMac Bank, independent mortgage lender providing a vast array of retail and wholesale loan programs.
148 East Montauk Hwy., Hampton Bays NY 11946 Tel 631-728-2640
E-mail: pgorman@nymc.com; Website: nymc.com


The State of New York Mortgage Agency (SONYMA)is here to help you purchase your first home.
All Long Island NY Tel 800-382-4663
Fax: 212-872-0789; Website: nyhomes.org

Par East Mortgage Company

Mortgage brokerage firm serving the special needs of the East End
Website: pareast.com

Par East Mortgage Company - East Hampton

15 Toilsome Ln, East Hampton NY 11937 Tel 631-324-8201
Fax: 631-324-8203

Par East Mortgage Company - Riverhead

30 West Main St., Riverhead NY 11901 Tel 631-369-6000
Fax: 631-369-9570

Par East Mortgage Company - Southampton

97 North Sea Rd., Southampton NY 11968 Tel 631-287-7955
Fax: 631-287-7954

Park Avenue Mortgage Group

Mortgage finance solutions for residential and commercial real estate financing with offices in Manhattan, New Jersey, Bridgehampton, Atlanta and Palm Beach
2487 Montauk Hwy., Bridgehampton NY 11932 Tel 631-537-9055
E-mail: sales@parkavenuemortgage.com; Website: parkavenuemortgage.com

Parkview Mortgage

Parkview Mortgage Corp offers home and refinancing options along with personal service to homeowners.
411 Hempstead Tpk., West Hempstead NY 11552 Tel 516-538-4262
Fax: 516-833-7450; Toll-Free: 888-444-0121
Website: parkviewmortgage.com

Pettedrew Capital

Locust Valley Long Island NY Mortgage Brokers
27 The Plaza, Locust Valley NY 11560 Tel 516-759-3630

Pinnacle Services

900 Hallock Ave., Port Jefferson Station NY Tel 631-474-5220
Fax: 631-474-1515

Preferred Empire Mortgage Company - Melville

200 Broadhollow Rd., Melville NY 11747 Tel 631-547-5151
Fax: 631-547-5439; Website: preferredempiremtg.com

Preferred Empire Mortgage Company - Southampton

Multi Real Estate mortgage business ? commercial and residential.
70 Jobs Lane, Southampton NY 11968 Tel 631-728-1838
E-mail: pgorman@nymc.com

Premium Capital Funding

125 Jericho Tpke., Jericho NY 11753 Tel 516-870-1217

Premium Commercial Lending

National Commercial mortgage lender and broker
125 Jericho Tpke., Jericho NY 11753 Tel 516-870-7232

Prime Star Mortgage

Registred mortgage broker group helping with financial solutions for home and college loans, retirement planning and more
570 Expressway Drive South, Medford NY 11763 Tel 631-475-7600
Fax: 631-475-7070; Website: primestarmtgcorp.com

Realty Resource Capital

Real estate mortgage consulting and management firm
25 Newbridge Rd., Hicksville NY 11801 Tel 516-942-5900
Website: eloansource.com

Richard Winters Mortgage Consultants

Richard Winters offers a full array of mortgage products for homeowners.
53155 Main Rd., Southold NY 11971 Tel 631-765-5214

Royal Consultants

Royal Consultants provides programs for best home loans, debt consolidation and refinancing
Tel 800-227-4327
Website: royalhomeloans.com

Royal Consultants - Syosset

6851 Jericho Tpk., Syosset NY 11791 Tel 718-565-2274

Royal Consultants - Syosset

575 Underhill Blvd., Syosset NY 11791 Tel 516-921-6171

Smith Reynolds Financial Services

Also called Avanell Financial Services
2141 Deer Park Ave., Deer Park NY 11729 Tel 631-586-5006
Website: smithreynoldsfinancial.com

Stafford Capital

207 Hallock Rd., Stony Brook NY 11790 Tel 631-751-4300
E-mail: anne@staffordmortgages.com; Website: staffordmortgages.com

Sterling National Mortgage - Great Neck

98 Cuttermill Rd., Great Neck NY 11021 Tel 516-487-0018

Sterling National Mortgage - Lindenhurst

491 North Wellwood Ave., Lindenhurst NY 11757 Tel 631-226-6226

Sterling National Mortgage - Melville

Maxess Rd., Melville NY 11747 Tel 631-756-8760

Sterling National Mortgage - Woodbury

177 Crossways Park Dr., Woodbury NY 11797 Tel 631-952-8011

Triumph Funding Corp.

Bank consultants on mortgages and home improvement
5 Bluegrass Lane, Commack NY 11725 Tel 631-275-7424

Ulster Savings

Morthage lending center, banking and financial services
633 East Main St., Riverhead NY 11901 Tel 631-369-2333
Website: ulstersavings.com

V.A.K. Realty Corporation

Residential & commercial financing, jumbo mortgages, no income verification mortgages, credit lines, equity loans.
Tel 631-271-7000
E-mail: vakmoney@msn.com; Website: vakmortgage.com

V.A.K. Realty Corporation - Huntington

148 East Main St., Huntington NY 11743 Tel 631-271-7000
Fax: 631-271-1193

V.A.K. Realty Corporation - Huntington Station

224 East Jericho Tpk., Huntington Station NY 11746 Tel 631-271-7000
Fax: 631-423-3762

Vertical Lend

Mortgage broker.
3 Huntington Quadrangle, Melville NY 11747 Tel 877-692-7762
E-mail: info@verticallend.com; Website: verticallend.com

Washington Mutual Home Loans

Home loan center - mortgages, equity loans
3033 Express Drive North, Hauppauge NY 11788 Tel 631-342-7170

Wells Fargo Home Mortgage

Home mortgage loans, student and personal loans, banking and investment services
Tel 800-869-3557
Website: wellsfargo.com

Wells Fargo Home Mortgage - Garden City

585 Stewart Ave., Garden City NY 11530 Tel 516-535-1622
Fax: 516-248-3364; Website: wfhm.com

Wells Fargo Home Mortgage - Hauppauge

1393 Veterans Hwy., Hauppauge NY 11788 Tel 631-382-2269
Fax: 631-724-9040; Website: richardsciascia.com

Wells Fargo Home Mortgage - Smithtown

255 West Main St., Smithtown NY 11787 Tel 631-360-2000
Fax: 631-360-7987; Website: wfhm.com

Wells Fargo Home Mortgage

532 Broadhollow Rd., Melville NY 11747 Tel 631-752-4848
Fax: 631-752-8880; Website: wfhm.com

Zeland Capital Corp.

Wholesale prices & retail service.
12 Bowden Dr., Huntington Station NY 11746 Tel 631-385-5600
Fax: 631-385-8119; E-mail: info@zelandcapital.com
Website: zelandcapital.com

Reverse Mortgage Explained

In the early 1980’s, the AARP began lobbying congress for a program that would allow senior homeowners to safely turn some of their home equity into additional cash. The AARP was asking for a safe mortgage program which would insure homeowners they would never be forced out of their homes, and that would also relieve them of the burden of monthly payments normally associated with a home mortgage while safeguarding the equity position of the homeowners or their estates.

In 1989 Congress gave birth to HUD’s Reverse Mortgage Program – a Federally insured, Government sponsored program specifically designed for, and only available to senior homeowners over the age of 62.

What is a Reverse Mortgage?

While a Reverse Mortgage is a lien against your home like any other mortgage, that’s pretty much where the similarities end. A Reverse Mortgage is a special, Government sponsored program designed specifically for, and only for - homeowners over the age of 62. Unlike a traditional mortgage, there are no monthly payments to make. There are also no credit, asset or means requirements to qualify for the mortgage.

  • Since there are no monthly payments, the mortgage balance increases over time as interest and other nominal costs are assessed to the loan. This growing balance however, never has to be re-paid until the homeowner leaves the home and is often offset by increasing home value. Homeowners continue to own their homes and can never be forced to move out or sell due to a mortgage balance or a payment they can no longer afford.

  • A Reverse Mortgage is a non-recourse loan. This means that no assets other than the home can be attached to pay off the mortgage. The mortgage balance can never exceed the value of the home regardless of what it could conceivably grow to. Should the value of the mortgage be less than that of the home when the senior leaves, either the homeowner or the estate receive the remaining equity. Taken together, these features offer what is often considered a “Win-Win†situation.

  • Interest Rates and the costs of the most common Reverse Mortgages are set by the Government. Because of this, “shopping for rates†between different banks or brokers becomes a non-issue. The homeowners are free to use the broker or bank that they feel most comfortable with.

The mortgage balance only becomes due when the homeowner sells the home, vacates it for more than 12 months, or when the last surviving borrower passes away. On sale, it is satisfied at closing, as would be any other mortgage. Heirs have the options of paying off the amount due and keeping the home, or of simply selling the home. A surviving Co-borrower (spouse) may continue to remain in the home.

Who Qualifies for a Reverse Mortgage?

Qualification for a Reverse Mortgage is pretty simple.

  • The age of the homeowners must be age 62 or greater.
  • The home must be the primary residence. You have to live there.
  • There can be no other liens on the home. Current liens or mortgages can and must be satisfied from the proceeds available from the Reverse Mortgage. If current liens are greater than the amount available from the Reverse Mortgage, homeowners will not qualify.

Hw does the homeowner access the cash?

Homeowners access the cash in one of four ways. They are:

  • Lump Sum – a single payment of cash.

  • A Line of Credit – You can use or pay back as you like. Unlike a normal Equity Line or Loan, the Reverse Mortgage Line of Credit is available until the homeowner leaves the home with no monthly payments due. The available line unused, also increases.

  • Monthly payments, either term or tenure.

  • Any combination of the above.

Monthly Tenure payments continue for as long as the homeowners or surviving homeowner resides in the home, even if the mortgage balance eventually exceeds the value of the home itself.

How much money can the homeowner get?

The amount the homeowner can receive from a Reverse Mortgage is based on three factors. They are: The Age of the youngest homeowner, Current Interest Rates, the location and Appraise Value of the home.

Essay provided by Category Expert: Frank Miller, Senior Funding Group, Long Island, New York. (631) 312-3569.
Disclaimer: All copyright and responsibility of essay information is the responsibility of author.