New York City
Home Mortgage Loans
Get The Lowest Interest Rate On
New York City Home Mortgage Loans.
Whether you are a first time home buyer or
trading up to a larger home, we work to find the best New York City home
mortgage loan solution for
you. Constantly surveying the hundreds of mortgage lenders as well as
anonymously testing their staff, we are always aware of the conditions of the
home loan market as well as the lenders involved in it.
Best Lender For
New York City Home Loans
Unfortunately, the subprime mortgage
crisis has caused dramatic changes in the lending climate. Many lending
institutions have suffered tremendous losses and as a result have
tightened their lending standards drastically. Whereas it used to be
very, very easy to meet the requirements in order to get approved, it is
now much more difficult with most lenders.
When searching for a
New York City home
mortgage lender, it is important to
find one that not only offers the lowest rates, but also has not
tightened lending standards to the point that only a tiny percentage of
applicants will qualify.
At the top of our list right now is ING DIRECT
New York City Home Mortgage.
They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.
They are still approving the majority of applications.
New York City
Overview & Statistics
New York City Overview
As of 2007, New York's population is 8,214,426 people. Since 2000, it has had a population growth of 2.57 percent.
The median home cost in New York is $658,600. Home appreciation the last year has been -0.42 percent.
Compared to the rest of the country, New York's cost of living is 64.50% Higher than the U.S. average.
New York public schools spend $7,964 per student. The average school expenditure in the U.S. is $6,058. There are about 18 students per teacher in New York.
The unemployment rate in New York is 4.60 percent (U.S. avg. is 4.60%). Recent job growth is Negative. New York jobs have Decreased by 0.07 percent.
New York Climate
New York, NY, gets 46 inches of rain per year. The US average is 37. Snowfall is 24 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 113.
On average, there are 224 sunny days per year in New York, NY. The July high is around 86 degrees. The January low is 26. Our comfort index, which is based on humidity during the hot months, is a 45 out of 100, where higher is more comfortable. The US average on the comfort index is 44.
New York Housing
The median home value in New York, NY, is $658,600. Home appreciation is -0.42% over the last year. The median age of New York, NY, real estate is 53 years.
New York, NY Apartments and Rentals
Renters make up 65.65% of the New York, NY, population. 5.58% of houses and apartments in New York, NY, are unoccupied (vacancy rate).
New York Crime
New York, NY, violent crime, on a scale from 1 (low crime) to 10, is 6. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.
New York, NY, property crime, on a scale from 1 (low) to 10, is 5. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.
New York City Home Mortgage
Resources
Listed below are a variety of resources for New York City home
mortgage loans:
www.nyc.gov
New York City Real Estate Agents
New York First
Time Home Buyers Grants
New York First
Time Home Buyer Programs
New York Home Loans
New York City Home Mortgage
Read the most current news stories about
New York City Home Mortgage loans.
Finally, you may want to visit
Mortgage Rates Predictions to find out if now is a good time to apply for a
New York City Home Mortgage Loan.
This
website provides complete state-by-state contact information for down
payment grants. We suggest that you
send for the free CD that takes you step by step through the application
forms to ensure that you complete the grant applications properly.