⭐ Long Island Mortgage Broker – Coltrain Mortgage

Your Trusted Long Island Mortgage Broker for Over 20 Years

Address: 140 Fell Court Suite 101, Hauppauge, NY 11788
Phone: 631-851-4420
NMLS #: 10640

Coltrain Mortgage is one of the highest-rated mortgage brokers on Long Island, proudly serving homeowners in Nassau County, Suffolk County, and all surrounding communities for more than two decades. With over 700+ five-star Google reviews and access to the nation’s top wholesale lenders, we make the mortgage process faster, easier, and more affordable for every client.

Whether you're purchasing a new home, refinancing, or exploring your options, our Long Island mortgage experts deliver personalized guidance every step of the way.

🏡 Why Choose Coltrain Mortgage as Your Long Island Mortgage Broker?

⭐ Over 700 Five-Star Google Reviews

Our reputation across Long Island speaks for itself. Thousands of families trust us thanks to our unmatched transparency, communication, and results.

⭐ Wholesale Rates = Better Pricing

As a wholesale mortgage brokerage, we compare rates across multiple lenders to secure the lowest available interest rate and the best terms.

⭐ Local Expertise – Proudly Serving Long Island

We live and work here. We understand Long Island real estate, taxes, insurance, and the unique challenges of buying a home in Nassau and Suffolk.

⭐ Fast Pre-Approvals & Smooth Closings

We move quickly. Most buyers receive same-day pre-approval and white-glove guidance from application to closing.

⭐ 20+ Years of Experience

Since 2005, our mission has been to help Long Island families achieve their homeownership goals with confidence.

🏦 Mortgage Programs We Offer on Long Island

Conventional Home Loans

Ideal for most buyers, offering competitive rates and flexible terms.

FHA Loans

Perfect for first-time buyers or clients with lower credit scores.

VA Loans

Exclusive benefits and $0 down programs for Veterans and active-duty service members.

USDA Loans

Rural development loans for eligible Long Island areas.

Jumbo Loans

Larger loan amounts for high-value Long Island properties.

Refinancing Options

Lower your rate, remove PMI, or access cash through your home’s equity.

Home Equity & Renovation Loans

Finance home improvements, repairs, or debt consolidation.

📍 Long Island Areas We Serve

We proudly provide mortgage services throughout Nassau and Suffolk County, including:

Nassau County:

  • Hicksville

  • Levittown

  • East Meadow

  • Plainview

  • Massapequa

  • Garden City

  • Mineola

  • Wantagh

  • Merrick

  • Oceanside

  • Long Beach
    …and all surrounding communities.

Suffolk County:

  • Hauppauge

  • Smithtown

  • Commack

  • Ronkonkoma

  • Islip

  • Brookhaven

  • Patchogue

  • Huntington

  • Babylon

  • Riverhead
    …and every town across Suffolk County.

  • 🟦 5 Long Island–Specific FAQs 

    1️⃣ What are the average property taxes on Long Island, and how do they affect my mortgage approval?

    Property taxes on Long Island are significantly higher than most parts of New York. Nassau County often has some of the highest property taxes in the country, while Suffolk County taxes vary greatly by township.
    Your taxes directly affect your debt-to-income ratio (DTI) and therefore your mortgage pre-approval amount. At Coltrain Mortgage, we calculate your exact township tax estimates (Hauppauge, Smithtown, Babylon, Massapequa, etc.) to give you an accurate approval number before you make an offer.

    2️⃣ Do I need flood insurance for homes on Long Island?

    Long Island has many coastal and low-lying areas, especially in:

  • Long Beach

  • Freeport

  • Lindenhurst

  • Mastic / Shirley

  • Hampton Bays

  • Bay Shore

  • Oceanside

  • Patchogue

  • If a property is located in a FEMA-mapped flood zone, lenders require flood insurance, which affects your monthly payment. Coltrain Mortgage reviews the flood zone during pre-approval so there are no surprises later in the process.

    3️⃣ Are Long Island co-ops and condos harder to get mortgages for?

    Yes — many Long Island co-ops and condos have specific lender requirements, including:

  • Owner-occupancy ratios

  • Financial reserves

  • HOA litigation

  • Co-ops are very common in areas like Nassau County, Queens border towns, and Long Beach, so you need a mortgage broker who knows how to get them approved. We work with lenders experienced in Long Island co-ops, condos, and PUD communities.

    4️⃣ How fast can I get a mortgage pre-approval on Long Island’s competitive housing market?

    Most Long Island homes, especially in Nassau County, receive offers within days of listing.
    Coltrain Mortgage provides same-day pre-approvals and priority underwriting so you can compete with cash offers and move quickly.
    We also provide fully underwritten pre-approvals (stronger than standard) for buyers who want a competitive advantage.

    5️⃣ What first-time homebuyer programs are available specifically for Long Island buyers?

    Long Island first-time buyers may qualify for programs such as:

  • SONYMA loans with low rates and down-payment assistance

  • FHA loans (3.5% down)

  • Conventional 3% down first-time buyer programs

  • VA loans for eligible Veterans

  • Local down payment grants (varies by township and county)

  • We help you compare every option so you get the lowest payment possible for your Long Island home.

  • Budget approvals

We also serve Queens and all of New York State.