Here at Wallkill Valley Federal mortgage lending is our business. We've been doing it successfully since 1913. We have helped thousands of Wallkill Valley residents attain their homeownership dreams during this time.
We are a "portfolio lender". That means that most of mortgages that we originate are not sold into the secondary mortgage market. This allows us to treat each mortgage applicant as an individual, rather than as a commodity. We are not limited to Fannie Mae's and Freddie Mac's rigid underwriting guidelines. So, if for instance, you started a new job recently, or had some credit trouble in your past, you are not automatically declined or placed in a higher-risk/higher cost loan category.
We take the time to listen to you. We understand that every application is different and that it's the rare mortgage application that is perfect. Often all that is needed is an honest explanation of the circumstances and we are able to continue with the approval process.
Benefits of a Portfolio Lender
- Fast, Local Loan Decisions
- We will always service your loan
- One Closing construction loans
- Modest closing costs
- Underwriting flexibility
- No voice mail loops
So give us a call, or stop in and speak with one of our knowledgeable mortgage officers. They will be happy to answer your financing questions and/or provide more information regarding specific rates and terms.
NMLS Institution ID#: 404992