Schenectady
Home Loans
Get The Lowest Interest Rate On
Schenectady Home Loans.
Whether you are a first time home buyer or
trading up to a larger home, we work to find the best home 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
Schenectady 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 mortgage lender
in Schenectady, 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 Orange 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.
Schenectady New York
Overview & Statistics
Schenectady Overview
As of 2007, Schenectady's population is 61,560 people. Since 2000, it has had a population growth of -0.42 percent.
The median home cost in Schenectady is $195,900. Home appreciation the last year has been 7.04 percent.
Compared to the rest of the country, Schenectady's cost of living is 0.91% Lower than the U.S. average.
Schenectady public schools spend $8,306 per student. The average school expenditure in the U.S. is $6,058. There are about 15 students per teacher in Schenectady.
The unemployment rate in Schenectady is 4.50 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Schenectady jobs have Decreased by 0.90 percent.
Schenectady Climate
Schenectady, NY, gets 38 inches of rain per year. The US average is 37. Snowfall is 47 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 125.
On average, there are 177 sunny days per year in Schenectady, NY. The July high is around 83 degrees. The January low is 14. Our comfort index, which is based on humidity during the hot months, is a 51 out of 100, where higher is more comfortable. The US average on the comfort index is 44.
Schenectady Housing
The median home value in Schenectady, NY, is $195,900. Home appreciation is 7.04% over the last year. The median age of Schenectady, NY, real estate is 55 years.
Schenectady, NY Apartments and Rentals
Renters make up 47.98% of the Schenectady, NY, population. 13.38% of houses and apartments in Schenectady, NY, are unoccupied (vacancy rate).
Schenectady Crime
Schenectady, 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.
Schenectady, 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.
For additional related resources please see:
www.cityofschenectady.com
Schenectady Real Estate Agents
New York First
Time Home Buyers Grants
New York First
Time Home Buyer Programs
New York Home Loans
