Loan programs in White Plains
DSCR Loans in White Plains
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in White Plains
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in White Plains
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in White Plains
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in White Plains
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in White Plains
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in White Plains
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in White Plains
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in White Plains
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Why borrowers look at White Plains
White Plains sits in Westchester County, and most borrowers here are buying single-family homes within commuting distance of the area's job centers. Lenders treat it like the rest of Westchester County: property taxes are assessed by the county and escrowed into the payment, so the county tax bill is part of every approval here. New York charges a mortgage recording tax that varies by county and is one of the highest closing costs in the country, which changes refinance math.
Local market snapshot: White Plains
| Median home value | $423,800New York (statewide) · Source: U.S. Census Bureau |
|---|---|
| Median gross rent | $1,621/moNew York (statewide) · Source: U.S. Census Bureau |
| Effective property tax rate | 1.60% (approx.)New York (statewide effective, approx.) · Source: Tax Foundation |
Homeowners insurance: Winter storms and coastal hurricane exposure downstate; upstate freeze and ice-dam claims.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in White Plains
- Pull the Westchester County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price.
- For rentals, check rent comps and any local rental registration or short-term rental rules in White Plains.
- New York charges a mortgage recording tax that varies by county and is one of the highest closing costs in the country, which changes refinance math. Many purchase loans in NYC are co-ops, which most DSCR programs do not finance.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other New York cities
- New York City
- Buffalo
- Rochester
- Syracuse
- Albany
- Yonkers
- New York
- New Rochelle
- Mount Vernon
- Schenectady
- Utica
- Brentwood
- Hempstead
- Levittown
- Troy
FAQ
What loans can I get in White Plains, NY?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in White Plains?
Westchester County. Lenders include those taxes in the monthly payment used to qualify you.