New York Mortgage Loans
Updated: May 28, 2026
Alpine Mortgage has been serving New York mortgage borrowers for over 20 years. As an independent wholesale broker we shop multiple wholesale lenders to find the right loan program and best rate for each borrower's specific situation. Whether you're buying a co-op in Manhattan, refinancing in Westchester, purchasing a multi-unit property in Brooklyn or financing investment property on Long Island, our team has the expertise to assist you throughout the New York mortgage loan process. New York is one of the most complex mortgage markets in the country and we know how to navigate it.
We recognize that every client's situation is different, which is why we offer a diverse array of New York mortgage programs.
Why New York Borrowers Choose Alpine Mortgage Over a Bank
When you walk into a bank for a mortgage you're seeing only that bank's pricing and loan products. As an independent New York mortgage broker Alpine Mortgage shops your loan across a network of wholesale lenders for the most competitive pricing and you work with the same loan officer from application through closing.
See how Alpine's wholesale broker model usually beats a retail bank →
Real New York Borrowers. Real Results.
Two recent New York closings where Alpine Mortgage's broker model gave borrowers options a retail bank couldn't:
Need a competitive rate in New York? Get a custom quote in minutes.
New York Loan Programs
Alpine offers a comprehensive range of mortgage products for New York borrowers from first-time buyers to seasoned investors. Click any program for details on requirements, rates and how to qualify:
How to Choose a New York Mortgage Broker
Not all New York mortgage brokers are the same. Before choosing one here are the questions to ask:
Mortgage brokers and bankers in New York are overseen by the New York State Department of Financial Services. Any legitimate broker has a license or registration number you can look up for free on NMLS Consumer Access at nmlsconsumeraccess.org. Alpine Mortgage Services, LLC operates under NMLS #56905 and founder Steven Parangi is a licensed mortgage loan originator (NMLS #76024) and attorney with over 20 years of experience in residential lending.
Yes. Alpine Mortgage has decades of experience financing New York cooperative apartments. Many lenders won't touch co-ops at all or only handle the simplest cases. Our wholesale lender network includes specialty co-op lenders who can close transactions other lenders decline.
More lenders means more options and better odds of finding the most competitive rate for your specific situation. Some brokers work with just 2-3 lenders. Alpine Mortgage works with a large network of over 30 wholesale lenders covering conventional, government, jumbo, Non-QM, DSCR and reverse mortgage programs.
Many large lenders shuffle borrowers between application specialists, processors and closing teams. At Alpine Mortgage, the loan officer who took your application stays with you through closing. You have their direct phone number and questions get answered the same day.
Closing speed often determines whether you win a competitive bid. Alpine's streamlined process means we typically close purchases in 21-30 days. We've closed loans in as little as 2 weeks when the circumstances required it. Speed is built into how we operate, not a special exception.
Self-employed income, recent bankruptcy, low credit score, jumbo loan, investment property, foreign buyer, co-op financing, short-term rental income, situations banks routinely decline are often ones that Alpine Mortgage closes. Our wholesale lender network includes specialty programs for borrowers who don't fit standard underwriting boxes.
Who We Help in New York
Alpine works with the full range of New York borrowers from first-time homebuyers in Brooklyn and Queens to Manhattan jumbo buyers and Hamptons second home purchasers. Below are some of the situations that Alpine Mortgage provides solutions for.
First-Time NY Homebuyers
Buying your first home in New York often means navigating down payment requirements, credit minimums and assistance programs at the same time. Alpine works with first-time buyers on FHA loans with as little as 3.5% down and conventional 3% down programs.
Fits if you: have not owned in the past 3 years, have 580+ FICO and want to keep cash reserves.
Self-Employed and 1099 Borrowers
Banks routinely decline self-employed borrowers because of how tax returns understate true income. Alpine uses Non-QM programs that qualify on 12 to 24 months of bank statements, P&L statements or 1099 income, no tax returns required. Common fits include consultants, real estate agents, business owners and freelancers.
Fits if you: are self-employed or 1099, have been declined by a bank or your tax returns understate your actual income.
NY Real Estate Investors
Whether you're purchasing a Brooklyn brownstone, a Bronx multi-family or a Catskills short-term rental, Alpine offers DSCR loans that qualify on the property's rental income rather than your personal income. LLC vesting is available and Alpine handles 2 to 4 unit multi-family financing as residential. NY investors should also be aware of NY eviction laws that may affect rent regulated properties.
Fits if you: are purchasing or refinancing a rental property, prefer to title in an LLC or have multiple properties already financed.
NYC Co-op and Condo Buyers
New York City co-ops are uniquely structured as corporate share purchases rather than real property transactions, which makes financing them different from any other US housing market. Alpine handles co-op share loans through portfolio lenders familiar with NYC building review and board approval requirements. We also handle warrantable and non-warrantable condo financing across Manhattan, Brooklyn, Queens and beyond.
Fits if you: are buying or refinancing a NYC co-op share or condo unit, including non-warrantable buildings where standard programs do not apply.
NY Homeowners Refinancing
For existing NY homeowners, Alpine handles rate-and-term refinances when rates drop, cash out refinances for home improvements or debt consolidation, and FHA and VA streamline refinances for qualifying borrowers. NY refinances can be structured as Consolidation, Extension and Modification Agreements (CEMA) to reduce mortgage recording tax which Alpine handles when the savings justify the additional paperwork.
Fits if you: own a NY home with 20+% equity, are paying off higher interest debt or your current rate is significantly above market.
NY Borrowers with Credit Issues
Recent bankruptcy, prior foreclosure, late mortgage payments or a low FICO score do not automatically disqualify you. Alpine offers FHA loans with FICO scores as low as 580 with 3.5% down or as low as 500 with 10% down, post bankruptcy financing, and imperfect credit programs for borrowers who do not fit standard underwriting.
Fits if you: have a FICO under 620, have a bankruptcy or foreclosure in the past 7 years, or have been told you cannot qualify.
Veterans and Active Duty Service Members
Eligible veterans, active duty service members, National Guard, Reservists and qualifying surviving spouses can purchase a New York home with zero down through VA loans. VA financing also offers no monthly mortgage insurance, competitive rates and flexible underwriting on credit and debt-to-income. Alpine handles VA purchases, VA cash out refinances and VA IRRRL streamline refinances throughout New York State.
Fits if you: have a valid Certificate of Eligibility (COE), are an active duty service member or are a qualifying surviving spouse.
NY Homeowners Age 62 and Older
A reverse mortgage can convert home equity into tax free funds without monthly mortgage payments. Alpine offers HECM reverse mortgages (the FHA insured program) and proprietary jumbo reverse mortgages for higher value New York homes including Manhattan, Brooklyn and Westchester properties. Funds can be taken as a lump sum, a line of credit, monthly income, or a combination.
Fits if you: are 62 or older, own a NY home with substantial equity and want to access that equity without selling or making monthly payments.
Borrowers Looking for Competitive Rates
If you are actively shopping rates and quotes, Alpine's wholesale broker model is built for this. We compare pricing across multiple wholesale lenders for your specific scenario rather than offering a single bank's rate sheet. Alpine also backs its pricing with a Best Rate Guarantee: show us a competing lender's locked rate and Loan Estimate on the day it was locked and we will work to match or beat it. Get a custom quote in minutes.
Fits if you: have quotes from other lenders, want to verify you are getting competitive pricing or have been told a rate is the "best" you can get.
Manhattan, Brooklyn and Long Island Jumbo Buyers
Most NYC and Nassau purchases exceed the $1,209,750 high balance conforming loan limit, putting them into jumbo territory. Alpine works with W2 buyers, RSU tech and finance professionals and business owners with complex income across Manhattan, Brooklyn, Queens, Nassau and Westchester. Alpine handles jumbo to $3M+ and jumbo Non-QM for non-conforming income documentation.
Fits if you: are purchasing or refinancing above $1,209,750, have W2 plus bonus or equity comp or need flexibility on jumbo down payment or DTI requirements.
Serving All of New York
Alpine Mortgage provides mortgage loans throughout New York State. Each region has its own market dynamics, property types and lending considerations.
New York City
Boroughs: Manhattan, Brooklyn, Queens, The Bronx, Staten Island
Coop share loans and condo financing are common. Most NYC purchases qualify as jumbo. The NY mortgage recording tax adds 1.8% to 2.8% on most loans; CEMA refinances can substantially reduce the recording tax on refinances. Active in all five boroughs with experience across Manhattan high rises, Brooklyn brownstones, Queens multi-family and Staten Island single family homes.
Long Island
Counties: Nassau, Suffolk
Strong commuter market with high cost county conforming loan limits up to $1,209,750. Active markets in Garden City, Great Neck, Manhasset, Roslyn, Huntington, Smithtown, Port Jefferson, Babylon and Hempstead. Hamptons and North Shore second home market drives heavy jumbo loan volume.
Westchester & Hudson Valley
Counties: Westchester, Rockland, Orange, Dutchess, Putnam, Ulster
Suburban NYC commuter markets via Metro-North Hudson, Harlem and New Haven lines. Active in Scarsdale, Bronxville, Larchmont, Rye, White Plains, Yonkers, Tarrytown and New City. Hudson Valley counties offer more affordable price points and active second home and weekend property markets, with growing investor activity.
Upstate & Capital Region
Metros: Albany, Saratoga, Syracuse, Rochester, Buffalo, plus the Catskills
Significantly more affordable than downstate, with strong USDA loan eligibility in rural areas. Active markets in Saratoga Springs, Schenectady, Ithaca, the Finger Lakes region and Western New York. The Catskills (Ulster, Sullivan, Greene, Delaware counties) have one of the most active short term rental investment markets in NY subject to local STR registry requirements.
Our Featured New York Loan Officer: Steven Parangi
Alpine's founder, Steven Parangi, personally handles many of the more complex New York transactions that come through our pipeline. His combined background as an attorney and a mortgage loan originator is particularly useful when a transaction involves:
- Securing competitive rates on conventional, FHA and VA loans
- NYC coop share loans, which are entity share purchases and not real estate
- Jumbo and high balance loans in Manhattan, Brooklyn, and on Long Island
- Multi-family investment financing and entity structuring with DSCR loans
- Post bankruptcy, post foreclosure or borrowers with credit issues
Read Steven's full bio, media mentions, and client reviews →
How the NY Mortgage Process Works with Steven
From the first phone call to the closing table, the process is built around one principle: you work directly with Steven, not a call center.
Initial Conversation
Call or email Steven directly to discuss your scenario. You'll get a rate range, program recommendations and a clear sense of what your loan looks like before any paperwork.
Application and Pre-Approval
Complete a secure online application. Steven reviews credit, income and assets, then issues a pre-approval letter typically within 24 to 48 hours.
Loan Submission and Processing
Steven shops your loan across multiple wholesale lenders, identifies the best pricing fit and submits to underwriting.
Underwriting and Closing
Steven manages underwriting conditions and closing coordination. NY purchases typically close in 30 to 45 days for condos and single family homes, with NYC coop transactions taking longer due to board package review and approval requirements.
What New York Borrowers Say
The reviews below are from New York borrowers who worked directly with Steven on their mortgage transactions. For more reviews, see Steven's bio page or read all reviews on Google.
"Steve was patient and willing to explain the entire process from start to finish. He also fought tirelessly to get me the best rate. When I got a better rate elsewhere but with points, he was able to get me the better rate and still with no points. I'll be in touch when it's time to refinance."
"As a first time homebuyer in Brooklyn, I had a lot of questions. Alpine made the process incredibly smooth and easy. Would recommend them to anyone looking for a mortgage."
Ready to Get Started?
Whether you're buying your first New York home, refinancing, or investing in property, Alpine Mortgage is ready to help. The next step depends on where you are in the process:
Or call (201) 488-8809 to speak with a New York mortgage originator today.
Steven Parangi is a licensed mortgage loan originator (NMLS #76024) and attorney with over 20 years of experience in residential home lending. As the founder of Alpine Mortgage, Steven works directly with borrowers to review their mortgage options and assist them throughout the home financing process. Content published on AlpineBanker.com is reviewed regularly by Steven to reflect current lending guidelines and market conditions.
View full author profile →New York Mortgage FAQs
Most New York mortgages close within 30-45 days. The exact timeline depends on the loan program, the property type and how quickly you provide requested documentation. Co-op closings typically take longer (45-60 days) due to co-op board approval requirements which include a separate board package and interview process. Condo closings tend to be similar timing to standard purchases. Refinances close in 30-45 days. Alpine has closed loans faster when contract terms required it.
Yes. New York City has more co-ops than any other city in the country and Alpine Mortgage has decades of experience financing them. Co-op loans are technically loans secured by shares in the cooperative corporation rather than the property itself. Many lenders won't finance co-ops at all or only the simplest cases. Co-op buyers should understand that the building's co-op board must approve the buyer in addition to lender approval.
New York charges a mortgage recording tax on most mortgage loans, ranging from approximately 1.8% to 2.8% of the loan amount depending on the county and loan size. This tax is payable at closing and is one of the largest closing costs in NY. The tax doesn't apply to co-op loans since they are secured by shares rather than real property. Buyers refinancing existing NY mortgages may be able to use a CEMA (Consolidation, Extension and Modification Agreement) to reduce the mortgage recording tax on the refinance.
Mortgage brokers and banks each have advantages. Banks offer relationship pricing and convenience if you already bank there. Mortgage brokers shop multiple wholesale lenders to find the best rate and program for your situation which often means more competitive pricing and more flexibility. For complex NY situations like co-ops, non-warrantable condos, multi-unit FHA and self-employed borrowers, a broker's lender network often produces approvals where banks decline. Brokers also have access to specialized programs like Non-QM and DSCR loans that most banks don't offer.
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