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Since it's founding, The Binghamton Mortgage Company has been helping people make their most significant purchase: a home. We offer a full menu of home loans for every need.
- Conventional conforming mortgages to $322,700 (FNMA & FHLMC)
- Jumbo mortgages from $322,701 to $5 million plus
- Adjustable Rate Mortgages, including 1 Year Treasury, 6 month Libor & COFI ARMS
- Conforming Balloons - 3, 5,& 7 year fixed rates, amortized over 30 years
- Two-step mortgages (5/25 &7/23)
- 80/10/10 & 80/15/5 programs with no private mortgage insurance
- DeskTop underwriting with 24-48 hour approvals
- No income Verification loans for the self-employed
- Lot/ Construction financing are available
- 100% Financing for Teachers
As an excellent alternative to traditional home financing, our government loan programs offer first-time buyers the ability to purchase a home with a smaller down payment and more flexible underwriting guidelines.
- Years of experience with Government Loans
- Competitive pricing & quick turn-around time.
- LP underwriting with 24-48 hour approvals
Our vast menu of subprime loans (less than perfect credit), allow you to participate in one of the fastest loan approval programs in the industry. These aggressively-priced nonconforming loans offer the flexibility you need to be qualified for a new home loan.
Our B/C paper loan programs include:
- Two & Three year Fixed-rate loans with 30 year amortization
- Adjustable rate mortgages
If you are considering building or remodeling a home, we offer a One-Time Close construction loan program. There are many advantages for you and the builder. There are only one set of closing costs for both construction and permanent financing and your interest rate is locked at time of closing. This program has been very popular with all parties and will save you money.
The equity is the difference between what you owe on your house and what it is worth. You have access to this dollar value and can borrow a percentage of the home's value to pay the closing costs, consolidate bills, home improvement projects, finance a child's education or whatever your need may be.
When you refinance your home, you can obtain three objectives. One of the benefits derived from lowering your interest rate is lowering your monthly payment. Secondly, you can reduce the term of your mortgage which will save you thousands of dollars in future interest payments and allow you to pay off your mortgage early. The closing cost associated with refinancing can be included in your new mortgage with "no" money out-of-pocket. And finally, you can also obtain "cash" from the equity in your home when you refinance.
With over 15 years of experience in developing, constructing and financing commercial properties, we can organize the interim and permanent financing for:
- Office Buildings
- Shopping Centers
- Apartments
- Industrial
- And any other non-residential projects
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