Lyons Mortgage Services – An Overview of Services and Reputation
Are you planning to buy a home or refinance your current mortgage? If so, you’re probably wondering which mortgage lender is the right choice for you. In this Lyons Mortgage Services review, we’ll explore the services and reputation of this well-known lender.
From how much money you can borrow to their loan terms and rates, we’ll cover everything you need to know before making a decision. So let’s dive in and see if Lyons Mortgage Services is the perfect fit for your needs
Lyons Mortgage Services is a reputable mortgage lender that’s been in business for over 20 years. They offer a wide range of services, including home purchases, refinancing, and reverse mortgages. Their team of experienced loan officers works closely with borrowers to find the best loan options for their unique needs.
Lyons Mortgage Services also has a strong reputation in the industry. They’ve received numerous awards and accolades for their exceptional customer service and high-quality lending practices. Plus, they have an A+ rating with the Better Business Bureau.
|Up to $2,000,000
|5 and 7-year ARM and 15 and 30-year terms
|Credit Score Range
|No Origination Fee
|Conventional, FHA, VA, jumbo, refinancing loan
|Employment Statuses Considered
|Employed full or part-time
|Home purchase and refinancing
|Joint Loan Applications Accepted
|18 and more
|Residential and investment
|Verification Documents Required
|Pay stubs, tax returns, Social Security number
How much money can you borrow from Lyons Mortgage Services
Lyons Mortgage Services can help you secure a mortgage loan that is tailored to your specific needs. One of the most important factors in securing a mortgage is determining how much money you will need to borrow.
The amount of money you can borrow from Lyons Mortgage Services depends on several factors such as your income, credit score, and employment history. The company offers loans for first-time homebuyers, refinancing homeowners, and investors alike.
Overall they offer up to $2 million but it’s best to speak directly with one of their licensed loan officers about your borrowing needs rather than try to guess what they may be able to offer through online research alone.
Lyons Mortgage Services Pros & Cons
Lyons Mortgage Services has been in the mortgage industry for over two decades, providing a wide range of mortgage programs and services to its clients. However, like any other mortgage lender, Lyons Mortgage Services has its own set of pros and cons that borrowers should weigh before choosing this company.
One of the biggest advantages working with Lyons Mortgage Services is that they are HUD and NMLS accredited and they have been in business for over 20 years.
Another benefit is the variety of programs offered by Lyons Mortgage Services. They have conventional fixed-rate loans, adjustable-rate mortgages (ARMs), FHA loans, VA)loans, jumbo loans and refinancing.
However, one potential downside is that Lyons Mortgage Services may not offer competitive rates compared to other lenders in certain areas or markets. It’s important to compare rates and terms with multiple lenders before making a final decision.
Lyons Mortgage Services also doesn’t hold a BBB accreditation even though they are rated A+.
- HUD accredited
- NMLS accredited
- Long time in business
- Not BBB accredited
- They don’t offer very competitive interest rates
What is the longest loan term you may obtain from Lyons Mortgage Services?
Lyons Mortgage Services offers a variety of loan terms to fit the needs and preferences of their clients. The length of your loan term will depend on several factors such as the type of mortgage you choose, your credit score, and other financial details.
The longest loan term available from Lyons Mortgage Services is typically 30 years for fixed-rate mortgages. This means that you can have up to 360 monthly payments before your mortgage is paid off in full.
What mortgage rates do Lyons Mortgage Services offer?
Lyons Mortgage Services interest rates are offered in a variety to suit different needs.
The exact rates offered by Lyons Mortgage Services will depend on several factors, including your credit score and down payment amount. However, they do provide good rates compared to other lenders in the industry.
Ultimately, it’s best to speak with a representative from Lyons Mortgage Services directly to determine what type of mortgage and corresponding rate would work best for you and your specific financial situation.
What is the estimated funding time?
When it comes to obtaining a mortgage, the funding time can be a crucial factor in making your decision. Fortunately, Lyons Mortgage Services offers fast and efficient funding times for their clients.
The estimated funding time offered by Lyons Mortgage Services can vary depending on several factors such as the type of loan you are applying for and how quickly you provide all required documentation. However, in general, they aim to fund loans within 30 days of receiving a completed application.
This expedited process is made possible by Lyon’s streamlined processing system which allows them to review applications and documents more efficiently without sacrificing quality or attention to detail.
Do they charge mortgage origination fees?
If you’re considering Lyons Mortgage Services for your home loan, it’s important to understand all of the fees involved. One question you may have is whether or not they charge mortgage origination fees.
Mortgage origination fees are charged by lenders to cover the cost of processing and underwriting your loan application. They typically range from 0.5% to 1% of the total loan amount.
As for Lyons Mortgage Services, they do not charge a mortgage origination fee which is a huge advantage as you will save a lot of money on the total cost of the loan.
Does Lyons Mortgage Services charge prepayment fees?
One important factor to consider when taking out a mortgage is whether or not the lender charges prepayment fees. These are fees imposed by the lender if you pay off your loan early, either in part or in full.
So, does Lyons Mortgage Services charge prepayment fees? The answer is that they don’t have any prepayment fees. They are considered a low fee lender in comparison to other mortgage bankers.
This will give you great flexibility when it comes to paying off your outstanding balance as you can pay it as early as you like.
What mortgage programs are available?
Lyons Mortgage Services offers a variety of mortgage programs to suit clients needs. Here is a list of different loan types you can secure trough this lender:
- Refinancing loan
So, as you can see, Lyons Mortgage Services has several mortgage programs available to fit various financial situations. It’s always best to speak with one of their experienced professionals to determine the best option for you.
What property usage types does Lyons Mortgage Services allow?
With so many loan options, comes various property usage types to cater the diverse needs of different clients. Whether you are looking to purchase a primary residence, second home or investment property, Lyons Mortgage Services has got you covered.
Here is the list of property usage types this lender allows:
- Single-family home
- Multi-family home
- Townhouse or condo
- Vacation home
- Various investment properties
How do people rate the customer service and user experience?
When it comes to choosing a mortgage lender, customer service and user experience are crucial factors that can influence your decision. So how does Lyons Mortgage Services fare in this regard?
According to several online reviews, the general consensus is that Lyons Mortgage Services provides excellent customer service. Many customers have praised their loan officers for being knowledgeable, responsive, and friendly throughout the entire process.
The company has also received positive feedback for their easy-to-use online portal, which allows borrowers to upload documents and track their application status from anywhere at any time.
Overall, it seems like most people who have worked with Lyons Mortgage Services have had a positive experience when it comes to customer service and user experience.
Customer satisfaction with them is very good and the online rating of 4,3 out 5 stars shows that. And in case you want to work with other reputable lenders, don’t hesitate to reach us. Our team of experts is more than happy to assist you in finding a lender that will suit your needs the best.
Contacts of Lyons Mortgage Services
If you’re interested in learning more about what Lyons Mortgage Services can offer you, their contact information is readily available. Here we will provide you their contact information.
Office location: 4802 25th Avenue, Suite 303 Astoria, NY
Phone number: 800 448 8101
Fax: (718) 956-6199
Availability of Lyons Mortgage Services
Lyons Mortgage Services is a reputable mortgage broker that has been around for over 20 years. With offices located in New York, New Jersey, Connecticut, and Florida, they are easily accessible to many people looking for mortgage services.
Their availability extends beyond their physical locations as well. They have an online platform where potential clients can apply for loans and receive free quotes within minutes. This makes it convenient for those who don’t have the time or ability to visit one of their offices in person.
Lyons Mortgage Services Summary
- Lyons Mortgage Services is a lender that is based in Astoria, New York, and has been in business since 1996.
- They offer competitive rates and flexible loan terms that allow you to tailor your mortgage according to your financial goals.
- As for their mortgage programs, they offer both government-backed and conventional loans with the maximum of $2,000,000.
- The company does not have BBB accreditation, but they are registered in NMLS and have a HUD accreditation.
- Lyons Mortgage Services have a high customer satisfaction ratio with the 4.3 out of 5 star rating.
FAQs About Loan Company
How to Contact Lyons Mortgage Services?
You can contact them via telephone, Fax or even through their website since they have an online application.
What Services Does Lyons Mortgage Services Offer?
They offer a wide array of lona options such as FHA, VA loans, refinancing, fixed rate loans and many others.
How Can I Obtain a Loan at Lyons Mortgage Services?
You can obtain a loan from this lender by visiting one of their branches or filling out an application form on their website.