“As a first time home buyer I was very nervous about the whole home buying process. Peter Pescatore and his team were very helpful, polite, and extremely professional throughout the entire process. And, best of all, they got me a better rate then I was hoping for! They made buying my first home completely stress free. I highly recommend using Jet Direct for any of your home buying needs!”
Queens Mortgage
Start the home loan process today with Jet Direct Mobile. Calculate mortgage options, scan documents, and apply for a loan all directly on your phone.
Queens, NY Conventional Loans
Welcome to Jet Direct Mortgage! We are mortgage experts dedicated to making sure you find the right loan program with low interest rates for your home purchase or refinance.
Jet Direct Mortgage – Your Trusted Source for Conventional Loans in Queens, NY. Unlock your homeownership dreams with our expert mortgage solutions tailored for Queens County residents. Explore competitive rates and personalized financing options today.
Why Jet Direct Mortgage
Easy Application & Approval Process
We streamline the home financing process with our user-friendly online platform, enabling you to easily apply and obtain pre-qualification for a conventional loan. Our team of dedicated mortgage experts ensures you receive prompt responses and support, making your path to home financing a seamless and efficient one.
Conventional Loans rank among the most prevalent loan programs, offering benefits to buyers irrespective of their credit history or income. If you’re seeking mortgage assistance but aren’t sure where to begin, Jet Direct Mortgage is here to provide guidance and help you discover the program that best suits homeowners like yourself.
Let us help you realize your dream of homeownership with our specialized mortgage solutions designed specifically for Queens County residents. Discover attractive interest rates and personalized financing choices right now.
2024 Conforming Loan Limits for Queens County
- 1 Unit – $750,000
- 2 Unit – $960,300
- 3 Unit – $1,160,750
- 4 Unit – $1,442,600
Median Home Price Calculation
The Federal Housing Finance Agency (FHFA) performs an annual survey to establish the median home prices for each county or metropolitan area in the United States. This median home price serves as the basis for determining loan limits in Queens County.
The most recent survey conducted in 2023 for Queens County reported a median home price of $1,010,000.
Loan Limit Overview
As a result of the high median home price, Queens County has been categorized as a “high-cost” area. Consequently, the 2023 loan limits for Queens County have been set at the same level as the national ceiling limit.
For the year 2023, the conforming loan limit for a single-family home in Queens County, NY, stands at $1,089,300. The FHA loan limit for a single-family home in the same area also matches this figure at $1,089,300.
FAQs
What’s the difference between a Mortgage Banker and a Mortgage Broker?
A mortgage banker and a mortgage broker both play crucial roles in the home-buying process, but they function differently. A mortgage banker directly provides loans to homebuyers, taking charge of underwriting the loan and disbursing the necessary funds for the property purchase. On the other hand, a mortgage broker acts as an intermediary, liaising between borrowers and various lenders to identify the most suitable loan option. Rather than directly financing the loan, a broker assists the borrower in connecting with a lender and streamlines the application process, typically for a fee.
What is a Mortgage Banker?
A mortgage banker directly provides home loans to buyers. They undertake the task of evaluating the loan, ensuring the borrower’s financial and credit backgrounds align with lending criteria, and then release the funds for the property’s purchase. While some mortgage bankers operate within larger financial entities like banks, others function independently, focusing solely on home financing. Their role extends beyond just disbursing loans; they assess the borrower’s financial status to suggest the most suitable loan option and terms. Additionally, they might offer related financial services, including guidance on home buying or loan refinancing.
Benefits of using a Mortgage Banker
Utilizing a mortgage banker for a home loan comes with multiple advantages. Firstly, as direct lenders, mortgage bankers can offer a diverse array of loan choices and tailor them to a borrower’s specific requirements. This flexibility is particularly beneficial for those with distinct financial scenarios or credit-related issues. Moreover, the direct lending nature of a mortgage banker often leads to faster loan application decisions, a boon for those on tight home purchase timelines. Another perk of partnering with a mortgage banker is the more individualized service, as borrowers communicate directly with the lender, bypassing intermediaries like mortgage brokers.
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What people are saying about Peter Pescatore
CORE VALUES
Our success and foundation is built
around our Jet Direct Core Values:
DEDICATION
We are dedicated to continually strive to surpass the expectations of our clients. We accomplish this by offering trusted advice, with a commitment to our client’s financial future.
INTEGRITY
Integrity is at the forefront of our standards. Maintaining honesty and transparency builds trust and relationships.
CULTURE
For us, culture within our organization is achieved through a positive attitude and respect for one another. In turn, this gives our clients a better experience and provides better results.
EXCELLENCE
The pursuit of excellence is the stepping stone to our success. We consistently seek to be better, more knowledgeable, and more effective for ourselves and our clients.