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6 Best New York City Mortgage Lenders of 2022

Looking for a New York City mortgage lender? We've researched the city’s top lenders, selecting the best in five categories.

Last updated on January 6, 2022
NerdWallet
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6 Best New York City Mortgage Lenders of 2022

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
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Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

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at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.5
/5
Home loans overall
Best for co-op lenders

620

1%

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at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
FourLeaf Federal Credit Union

FourLeaf Federal Credit Union: NMLS#449104

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4.5
/5
Jumbo loans
Best for jumbo loans & co-op lenders

660

10%

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PNC Bank

PNC Bank: NMLS#446303

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5.0
/5
Jumbo loans
Best for jumbo loans & ARMs

620

5%

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TD Bank

TD Bank: NMLS#399800

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4.5
/5
HELOCs
Best for home equity lending & ARMs

620

3%

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Bank of America

Bank of America: NMLS#399802

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4.5
/5
Home loans overall
Best for low down payments

660

5%

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Chase

Chase: NMLS#399798

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4.0
/5
Home loans overall
Best for low down payments & home equity lending

620

3%

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on NerdWallet

Local mortgage lenders in New York City

Some New York experiences are iconic, like folding your pizza slice so the pointy end doesn't sag toward the ground, dripping grease on your shoes. If you're looking for local New York flavor in a mortgage, these lenders are based in or near New York City and have offices in at least some of the boroughs. They are among the highest-volume lenders in the city. NerdWallet has not reviewed these lenders.

  • 3 branches in Brooklyn, 3 in Manhattan, 3 in Queens, serving all 5 boroughs.

  • Mortgages for one- to four-family units, condos and co-ops.

  • Focuses on Chinese-American communities, with staffers who are fluent in English as well as Cantonese, Mandarin and multiple Chinese dialects including Fujianese.

  • Certified by the U.S. Treasury as a Community Development Financial Institution, working in a market niche that is underserved by traditional financial institutions.

  • 1 office in the Bronx, 2 in Brooklyn, 1 in Manhattan, 1 in Queens.

  • Offers fixed-rate and adjustable-rate mortgages as well as FHA, VA and construction loans.

  • Specializes in mortgages for foreign nationals and nonresident aliens.

  • Prepares preapproval letters for buyers to present with offers on homes.

  • 1 office in Manhattan, 1 in Queens.

  • Offers FHA and VA loans and an array of fixed-rate and adjustable-rate mortgages for purchases and refinances.

  • Offers loans to international college graduates enrolled in Optional Practical Training, and non-permanent residents may borrow up to 90% loan to value.

  • Accepts alternative income documentation.

  • 2 offices in Queens.

  • Offers mortgages for various dwelling types, including condos and co-ops.

  • Mortgages with down payment as low as 3% for low- to moderate-income borrowers.

  • Offers home purchase-renovation loans under FHA 203(k) and Fannie Mae HomeStyle programs.

  • Finances jumbo loans up to $2 million.

More from NerdWallet

Last updated on January 6, 2022

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best New York City Mortgage Lenders of 2022

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