Business Details
37 Years
experience
Trusted Mortgage Broker in Smithtown, NY
All Island Mortgage & Funding has been a trusted mortgage brokerage since 1989, serving clients across New York, New Jersey, Florida, Montana, Pennsylvania, Connecticut, Washington, Alaska, California, Texas, Maine, and Colorado. Our family-owned business specializes in personalized loan solutions, including reverse mortgages, FHA and VA loans, and commercial financing. With decades of industry experience, we assign dedicated loan specialists to guide clients through every step of the mortgage process.As members of the National Reverse Mortgage Lenders Association and FHA/VA-approved lenders, we maintain rigorous standards of professionalism and client care. Our commitment to individualized service ensures every client receives tailored financial solutions regardless of loan size or credit history.
Services
Reverse Mortgages
FHA Loans
VA Loans
Commercial Loans
Debt Consolidation
Investment Properties
Refinancing
First-Time Buyer Programs
Tax Lien Payoff Loans
Bankruptcy Recovery Loans
Details
- Year established: 1989
Highlights and features
- We assign personal loan specialists for individualized mortgage guidance
- We serve 13 states with localized mortgage market expertise
- We offer same-day loan approvals for expedited financing
- Our team has 35+ years of combined mortgage industry experience
- We specialize in complex cases including post-bankruptcy financing
Associations and certifications
- Federal Housing Administration (FHA)
- U.S. Department of Veterans Affairs (VA)
- National Reverse Mortgage Lenders Association (NRMLA)
Services
Reverse Mortgages
Reverse mortgages allow senior homeowners to convert home equity into cash while retaining property ownership. Our specialists guide clients through FHA-insured HECM programs and proprietary loan options. We provide personalized counseling to ensure financial suitability for retirees seeking supplemental income.
FHA Loans
FHA loans offer low-down-payment financing with 3.5% minimum requirements and flexible credit standards. We assist first-time buyers and those with past credit challenges through HUD-approved programs. Our process includes mortgage insurance premium calculations and loan limit guidance.
VA Loans
VA loans provide zero-down-payment mortgages for eligible military veterans and service members. We specialize in certificate of eligibility processing and entitlement restoration. Our team ensures compliance with VA appraisal requirements and funding fee regulations.
Commercial Loans
Commercial mortgage solutions for business property purchases and refinancing. We offer DSCR analysis, loan-to-value optimization, and term structuring for investment properties. Services include 5+ year amortization schedules and cash flow documentation assistance.
Debt Consolidation
Debt consolidation loans combine multiple obligations into single monthly payments. We evaluate home equity positions to secure competitive interest rates. Our approach includes credit score impact analysis and long-term payment affordability assessments.
Questions
What mortgage loan types do you offer?
We provide fixed-rate, adjustable-rate, FHA, VA, reverse mortgages, commercial loans, and debt consolidation options tailored to individual financial situations.
How does the mortgage pre-approval process work?
Pre-approval requires income verification, credit checks, and asset documentation. We review debt-to-income ratios and loan-to-value metrics to determine qualifying amounts.
Can I get a mortgage with recent bankruptcy?
Yes, we offer specialized programs for post-bankruptcy financing including FHA loans requiring 1-year recovery and conventional loans after 4-year waiting periods.
What areas do you service?
We operate in New York, New Jersey, Florida, Montana, Pennsylvania, Connecticut, Washington, Alaska, California, Texas, Maine, and Colorado with local market expertise.
How long does mortgage approval take?
Typical approval timelines range from 30-45 days, with expedited processing available for qualified borrowers and complete documentation packages.
Videos
Reviews (6)
Celene Contes
Nov 15, 2021
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I cannot say enough good things about this group, especially Kevin. He truly cares about everyone who receives his services. He works insanely hard & efficiently. Kevin makes you feel like a family member with how much he wants things to work out for you & does everything with your best interest in mind. Kevin is the ONLY person my family trusts with our mortgages. 5 stars isn't enough!
Roberta Green
Sep 21, 2021
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All Island Mortgage is the best most professional company I have ever had the pleasure of working with. Frank was very good and made me feel like one of the family. He answered all my questions and step by step he kept me updated. He was the best person in the financial world that I have ever had worked with and went over and above in my reverse mortgage. I highly recommend this company and Frank to anyone else looking for any form of mortgage or loans.
Roberta Green
Roberta Green
Melissa Peters
Feb 24, 2021
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Nick was really great. He made the long and drawn out mortgage application process short & sweet. He always made himself readily available to answer the many questions I had. Nick was able to get me an incredible interest rate. From start to finish, the whole process only took less than 5 weeks. Good job All Island Mortgage. Thanks again!
K. F.
Dec 01, 2018
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Kevin T. Bailie is the best mortgage broker in the business. He was a pleasure to work with, he is extremely professional, and an excellent communicator. He went above and beyond for us. He made our home buying experience a breeze. With all of his knowledge, experience and connections in the industry he was able to secure us the best mortgage in the quickest way possible. The home we wanted to purchase had multiple offers and even a cash offer, but we were able to submit a very competitive offer with his help. Mr. Bailie even spoke to the listing agent on our behalf to assure her that we could
Elton Faler
May 19, 2018
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My experience with All Island Mortgage & Funding Corp was a great one! I was placed with them through my wedding venue and was contacted by Lisa James. She was very informative and pleasant to work with. She was always so helpful when I had any questions about the menu, the cake cutting, etc. I was overall very pleased with how the menu selections were executed on the day of the wedding! The chicken dish was delicious and not at all dry. I don't eat red meat but I heard from guests that the tri tip was superb!Thanks for serving us and our guests such a delicious meal!
B. Sch
Jul 08, 2014
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Honest and knowledgeable.... Nick is the smartest mortgage broker around, and Bob is the best there is at reverse mortgages. Call them, you won't regret it!
