AD Mortgage is a New York-licensed wholesale lender and a member of the New York Association of Mortgage Brokers, operating in the state and coast to coast
New York has a diverse and highly segmented housing market. In 2026, the statewide median sale price reached $516,667, while New York City’s median sale price was approximately $794,167, highlighting the significant differences between markets across the state.
To stay competitive in this varied market, mortgage originators need to offer clients flexible loan solutions. AD Mortgage supports New York mortgage brokers with a diverse program portfolio designed for different borrower scenarios, from high-value NYC properties and investment homes to self-employed borrowers on Long Island and standard purchases across the state.
The variety of housing options and borrower scenarios requires different mortgage solutions. AD Mortgage is here to empower brokers with a wide range of flexible loan options
An affordable financing option with standard requirements
Close DSCR loans with fast turn times
A perfect fit for self-employed borrowers
Get 50 bps with Rate Buydowns. Make your purchase offers even more competitive. Now with enhanced pricing!
Choose from 1-0, 1-1, 2-1, and 3-2-1 options to help borrowers lower their initial monthly payments.
For primary and 2nd home purchases on 30-Year Fixed Super Prime, Prime, AD Power Jumbo & Fixed Conventional. 
New York imposes several taxes associated with real estate transactions, including mortgage recording tax, transfer taxes, and mansion tax for certain higher-value residential properties. Property taxes are also an important homeownership cost and can vary significantly depending on the property’s location, assessed value, and local tax rates.
The taxes and associated costs can differ significantly between properties in New York City and those in upstate areas. Brokers should therefore consider the property’s specific jurisdiction and transaction details when estimating overall costs for their clients.
A Consolidation, Extension, and Modification Agreement (CEMA) is a New York mortgage structure that can combine an existing mortgage with a new mortgage obligation. CEMA transactions may help borrowers avoid paying mortgage recording tax on the portion of the loan that has already been subject to the applicable tax, with tax treatment determined by the specific structure of the transaction.
Several down payment assistance options are available to eligible homebuyers in New York, primarily through the State of New York Mortgage Agency (SONYMA) and local housing programs:
Down payment assistance programs are subject to program requirements and availability.
AD Mortgage has a New York Mortgage Banker License #LMB109468 and NMLS #958660.
24/7 Support for New York Loan Workflows
The First Integrated Non-QM AUS in Mortgage History
Your Go-to Source for Navigating AD Products and Tools
Streamline the Process with Rapid, State-Compliant Initial Disclosure
Track Loan Progress and Focus on What Matters
Earn and Redeem Points for Benefits
LEADer CRM for New York Brokers and LOs
A New York loan calculator to estimate payments with ease
Receive a tailored loan solution in 30 minutes
READY TO CONNECT?
How Do I Choose a Mortgage Lender in New York?
The lender should have proper licensing – for example, AD Mortgage has a New York Mortgage Banker License LMB109468 and NMLS #958660. For brokers, the right lender combines competitive rates and fees, strong product fit, and expertise with complex scenarios. Turn times, communication, and technology also play an important role when choosing a lender partner.
What are Current Mortgage Rates in New York?
Mortgage rates in New York change regularly based on market conditions and can vary depending on the borrower qualification and loan scenario. Key factors include credit profile, loan-to-value (LTV) ratio, occupancy type, property type, loan program, and points or fees paid at closing.
What is a CEMA Mortgage in New York?
A Consolidation, Extension, and Modification Agreement (CEMA) is a mortgage transaction structure available in New York that can consolidate an existing mortgage with a new loan, potentially reducing mortgage recording tax on the portion of debt being refinanced.
What is New York's Mortgage Recording Tax?
New York’s mortgage recording tax is a tax charged when a mortgage is recorded and is generally based on the mortgage amount and the property’s location. The applicable rate and rules can vary by jurisdiction, including between New York City and other parts of the state.
Are There Special Closing Costs When Buying a Home in New York?
Yes. In addition to standard closing costs, New York buyers may face location- and transaction-specific expenses, such as mortgage recording taxes, transfer taxes, and a mansion tax for higher-value properties.
How Do I Become a Mortgage Broker or Mortgage Loan Originator in New York?
To become a mortgage broker or mortgage loan originator in New York, you must meet applicable state licensing requirements through the New York State Department of Financial Services (NYDFS) and the Nationwide Multistate Licensing System (NMLS).
Does AD Mortgage Offer Non-QM Loans in New York?
Yes. AD Mortgage is a Top-Non-QM Wholesale lender, according to the Scotsman Guide. Visit our Non-QM program page to explore the solutions we offer.
Does AD Mortgage Offer DSCR Loans in New York?
Yes. The DSCR loan program by AD Mortgage is available in New York. It is designed specifically for real estate investors and does not require personal income or employment verification.
Does AD Mortgage Work with Non-Warrantable Condos in New York?
Yes. AD Mortgage provides Non-QM solutions for eligible non-warrantable condos. Submit a scenario to check whether your client qualifies.
Does AD Mortgage Work with Mortgage Brokers across New York State?
Yes. AD Mortgage is a licensed wholesale lender that works with mortgage brokers across all regions of New York State and from coast to coast.
What Credit Score is Needed to Buy a House in New York?
Most Conventional and Non-QM loan programs require a credit score of at least 620. However, some solutions, such as VA or FHA programs, accept credit scores as low as 580. Visit the AD Mortgage Program Page to review specific program requirements.
What First-Time Homebuyer Programs are Available in New York?
New York offers several first-time homebuyer options through SONYMA, including DPAL, DPAL Plus, and Achieving the Dream, which provide eligible buyers with low down payment and down payment assistance options.
What is SONYMA?
SONYMA, the State of New York Mortgage Agency, is a state agency that provides affordable mortgage programs and down payment assistance to eligible New York homebuyers.
Can I Get an FHA Loan in New York?
Yes. FHA loans, including FHA Standard, FHA High Balance, and FHA Streamline Refinance, are available in New York.
Can I Get a Jumbo Mortgage in New York?
Yes. Jumbo mortgages are available in New York and can be especially useful for higher-value properties in New York City, Long Island, and Westchester. Eligibility and loan terms vary based on the borrower, property, loan amount, and other factors.
Are Adjustable-Rate Mortgages Available in New York?
Yes. Adjustable-rate mortgages (ARMs) are available in New York, with options that can provide flexible financing for eligible borrowers depending on the loan program and market conditions.
Can Self-Employed Borrowers Get a Mortgage in New York?
Self-employed borrowers may qualify for mortgage programs using alternative income documentation, including Bank Statements, 1099s, or Profit & Loss (P&L) statements, depending on the loan program and borrower’s financial profile.
Can Real Estate Investors Get DSCR Loans in New York?
Yes. Real estate investors may qualify for DSCR loans in New York, which can use the property’s rental income to help qualify for financing, subject to program requirements.
Can I Finance a Condo in New York?
Yes. Condos can be financed in New York through a variety of mortgage programs, with eligibility depending on the borrower, property, loan type, and condo project requirements.
Can I Finance a Co-op in New York?
Yes. Financing is available for eligible co-op properties in New York, although co-op loans may have different requirements than traditional mortgages, including property and building eligibility.
Is AD Mortgage a Licensed Mortgage Lender in New York?
Yes. AD Mortgage is a licensed mortgage lender in New York, holding New York Mortgage Banker License #LMB109468 and NMLS #958660.
How Can I Submit a New York Mortgage Scenario to AD Mortgage?
To submit a Scenario Request, complete this form. Our managers will contact you within 30 minutes with a mortgage solution tailored to your client’s needs.
What Cities in New York Does AD Mortgage Serve?
AD Mortgage serves mortgage brokers and their clients across New York State, including New York City, Long Island, Westchester & Hudson Valley, the Capital Region, Western New York & Finger Lakes, and Central & Upstate New York.
