RESIDENTIAL LENDING

Searching for a place of your own? Enter the market with confidence. Our local lending experts take the guesswork out of the home buying process.

Your needs are unique. Your Residential Lending should be, too.
Our local lending experts bring more than knowledge to the table. They offer peace of mind. Our team’s collaborative approach to home buying has helped countless people navigate the hectic world of real estate. If you’re looking for the ultimate advantage when entering today’s housing market, look no further.

The Alma Advantage: Working with people you trust
When buying a home, questions are bound to come up. There are more tools than ever to help you get an estimate of what you need to save and what you can afford. However, there is no substitute for human connection—especially when home buying. We are here to help.

Schedule your appointment with our Head of Residential Lending to discuss your options:

John Paul Caccamo
NMLS ID: 855728
718.603.3997
jcaccamo@almabank.com

Here are some answers to common questions first-time home buyers often ask our Residential Lending experts:

Do I really need an entire team on my side?
Absolutely. This is one of the most important aspects of home buying. Your team needs to go beyond having a Residential Lending expert to talk to. When buying a home, you will need to rely on a few different professionals to advocate for you throughout the process. Real estate attorneys, agents, lenders and building inspectors each play a critical role.

How much home can I afford?
Affordability isn’t just about what you can manage in a perfect world. Being realistic goes a long way. Most experts recommend that your housing expenses should not exceed 28% of your pre-tax income. However, you also need to factor in monthly debts including student loans, auto payments, and credit cards. The idea of affordability is different for everyone.

Using online mortgage calculators can be helpful, but this type of expense is just one piece of the puzzle. There are also other aspects you must consider, like property taxes, utilities, and HOA fees. Sitting down with a Residential Lending expert can help you make the right choice for your current and future needs.

How much money will you need for a down payment and closing costs?
There are many different loan products. Some allow as little as 3% down for primary home buyers. There are also grant programs to help first-time buyers supplement their down payment. Our experienced team can help explain the benefits of different loan options to see what truly meets your needs.