- How Does It Work?
Cliffco Mortgage Bankers is your trusted partner for mortgage financing solutions. With our commitment to excellence and hands-on approach, we empower home buyers and investors across the U.S. to secure the perfect financing solutions for their unique needs.
*Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that the property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the load with our remote online notary. Funding timelines may be longer for loans secured by properties located in countries that do not permit recording of e-signatures or that otherwise require an in-person closing.
Meet with a loan officer who can help assess your financial situation and determine how much you can afford for a home purchase.
Connect with a local Realtor and start shopping for homes in your budget.
Once you find a property you love, it’s time to make an offer to the seller. If the offer is accepted, you’re ready for the next step.
You will submit a formal loan application and provide detailed information about the property and your finances.
A processor will verify your credit, employment, and assets, and then submit all documents to Underwriting to determine if the loan is approved. A home appraisal will then be ordered.
Once the loan is approved, you will receive a commitment letter outlining the terms of the loan.
This is the final step! You will sign all necessary paperwork, pay closing costs, receive the keys, and move in!
The dark purple states on the map below indicate the states where Cliffco is licensed to originate, and the light purple states indicate where we currently have branches available for in-person appointments. If a branch isn’t available in your area, we can assist you virtually with your mortgage process. Simply locate a loan officer licensed in your state, and connect with us today.
Branch NMLS: #65328
70 Charles Lindbergh Blvd., Suite 200 Uniondale NY 11553
At Cliffco Mortgage Bankers, we believe in taking a personalized approach to every customer’s financial journey. Our dedicated team of mortgage loan officers carefully evaluates each client’s unique needs to recommend the perfect loan product that aligns with their specific needs, goals, and financial situation. With our commitment to understanding your individual requirements, we ensure a seamless and customized mortgage experience that empowers you to achieve your real estate goals with confidence. You can expect professional and personalized experience and exceptional customer service.
Get an idea of what your payments or budget could look like.
At Cliffco Mortgage Bankers, we believe in taking a personalized approach to every customer’s financial journey. Our dedicated team of mortgage loan officers carefully evaluates each client’s unique needs to recommend the perfect loan product that aligns with their specific needs, goals, and financial situation. With our commitment to understanding your individual requirements, we ensure a seamless and customized mortgage experience that empowers you to achieve your real estate goals with confidence. You can expect:
A fixed-rate mortgage has a constant interest rate and monthly payment throughout the loan term. An ARM has an interest rate that can change periodically.
To determine how much house you can afford, consider your income, debts, down payment, credit score, and other financial obligations. Lenders typically look at your debt-to-income ratio and may recommend that your monthly housing costs (mortgage, taxes, insurance) not exceed 28% of your gross monthly income.
The down payment typically ranges from 3% to 20% of the home's purchase price, depending on the loan type and lender.
Your credit score, down payment, loan type, and loan term can all affect your mortgage interest rate.
Let’s Start the Conversation
CLIFFCO MORTGAGE BANKERS
70 Charles Lindbergh Blvd Suite 200, Uniondale, NY 11553, United States
Monday
9 AM – 5 PM
Tuesday
9 AM – 5 PM
Wednesday
9 AM – 5 PM
Thursday
9 AM – 5 PM
Friday
9 AM – 5 PM
Saturday
Closed
Sunday
Closed
