Business Details
37 Years
experience
Your Trusted Mortgage Partner in Uniondale, NY
Founded in 1989, Cliffco Mortgage Bankers has established itself as a trusted independent mortgage banker headquartered in Long Island, NY. With licenses to operate in 31+ states, we specialize in delivering personalized mortgage solutions tailored to diverse client needs. Our team of seasoned professionals prioritizes hands-on customer service, guiding clients through every step of the mortgage processfrom pre-approval to closing. We offer a comprehensive range of loan products, including conventional, FHA, VA, USDA, and non-QM loans, alongside renovation and reverse mortgage options.Our in-house credit approval and underwriting processes ensure competitive rates and efficient decision-making. Recognized for strong partnerships with real estate professionals and financial planners, we focus on empowering clients to achieve homeownership and financial growth. Our commitment to innovation, transparency, and client-centric service has solidified our reputation as a leader in the mortgage industry.
Services
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Non-QM Loans
Renovation Loans
Reverse Mortgages
Down Payment Assistance
Refinancing
First-Time Buyer Programs
Details
- Year established: 1989
Highlights and features
- We offer 30+ years of expertise in mortgage financing across 31+ states.
- Our in-house underwriting ensures faster loan approvals and competitive rates.
- We provide tailored loan products for unique financial situations and needs.
- Our team of licensed professionals delivers personalized, hands-on service.
- We maintain strong partnerships with real estate and financial professionals nationwide.
What people say
Absolute pleasure to work with
Exceptional service
Kept informed
Responsive and proactive
Professional and courteous
Services
Conventional Loans
Conventional loans are ideal for borrowers with stable income and good credit. These mortgages offer fixed or adjustable rates with down payments as low as 3%, including options like Fannie Mae HomeReady and Freddie Mac Home Possible programs. They suit primary, secondary, or investment properties.
FHA Loans
FHA loans cater to first-time buyers with lower credit scores or limited down payments. Insured by the Federal Housing Administration, they require as little as 3.5% down and offer fixed or adjustable rates. FHA 203(k) loans also cover renovation costs.
Non-QM Loans
Non-QM loans serve borrowers who dont meet traditional criteria, such as self-employed individuals or gig workers. These flexible options include bank statement loans, asset depletion loans, and ITIN loans, with tailored underwriting for unique financial situations.
Renovation Loans
Renovation loans finance property purchases or refinancing alongside repair costs. Programs like Fannie Mae HomeStyle and Freddie Mac CHOICERenovation allow borrowers to combine acquisition and renovation into a single mortgage for primary or investment properties.
Reverse Mortgages
Reverse mortgages enable homeowners aged 62+ to convert equity into cash without monthly payments. Funds can be used for any purpose while retaining ownership. These loans are ideal for retirees seeking financial flexibility or supplemental income.
People
David Illouz
Loan Officer
David Illouz brings over 15 years of mortgage industry experience, specializing in guiding clients through complex loan scenarios. He prioritizes transparent communication and tailored solutions for first-time buyers and investors.
Joshua Borrero
Loan Officer
Joshua Borrero is recognized for his dedication to client satisfaction, offering expertise in non-QM and conventional loans. He excels in simplifying the mortgage process for self-employed borrowers and first-time homebuyers.
Queny Duong
Senior Loan Officer
Queny Duong specializes in FHA and VA loans, with a focus on assisting veterans and first-time buyers. Her client-centric approach ensures personalized support and clear guidance throughout the mortgage journey.
Moses Youssef
Vice President of Sales
Moses Youssef leads sales initiatives with over 20 years in mortgage banking. He focuses on expanding Cliffcos reach while mentoring loan officers to deliver exceptional service and innovative financing solutions.
Gary Johansen
Regional Sales Director
Gary Johansen oversees regional operations, leveraging his expertise in mortgage compliance and team development. He ensures adherence to industry standards while driving growth and client satisfaction across multiple states.
Questions
What loan options are available for first-time homebuyers?
Cliffco offers FHA loans with low down payments, down payment assistance programs, and conventional loans with 3% down options like Fannie Mae HomeReady.
Can self-employed individuals qualify for mortgages?
Yes, we provide non-QM loans tailored for self-employed borrowers, including bank statement loans and asset depletion options with flexible income verification.
How does the mortgage approval process work?
The process includes pre-approval, home search, offer acceptance, formal application, underwriting, and closing. Cliffco ensures 30-day closings for most loans.
Are renovation costs included in mortgage loans?
Yes, renovation loans like Fannie Mae HomeStyle allow borrowers to finance purchase and renovation costs in a single mortgage.
What states does Cliffco operate in?
Cliffco is licensed in 31+ states, including New York, New Jersey, Florida, Arizona, California, and Texas, with virtual support nationwide.
Do you offer reverse mortgages for seniors?
Yes, we provide reverse mortgages for homeowners aged 62+, allowing them to convert equity into cash without monthly payments.
Reviews (6)
Kyle Cadolino
Oct 20, 2021
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Lisa and team are incredible - not only did they deal with the last year of 30 different houses and scenarios - they do it without making anyone feel like your an inconvenience! Super awesome company - if your looking for a mortgage company that gets it done and to the point - they are perfect for you!
Darren O'Toole
Sep 19, 2021
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Had a great experience with Cliffco. Richard Alvarez was responsive, professional, and did everything he could do to get the deal across the finish line. He helped to make the process as painless as possible.
Matt Gibbons
Sep 01, 2021
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Just finalized a mortgage through Cliffco. Richard Alvarez, my loan officer, went above and beyond to make the process seamless and incredibly efficient. Richard was proactive in organizing active parties on both sides of the deal as well as providing extremely useful advice throughout the various stages of the home purchase. Highly recommend.
Olufolahan Sumare
Aug 28, 2021
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I was blessed to work with Richard Alverez on securing a mortgage loan. Being a first time home buyer we were scared, confused and had a lot of questions. God saw my heart and sent an Angel name Richard Alverez. Richard always made himself readily available to answer every question I had and played several different roles although only being my loan officer. Richard was prompt to respond and went above and beyond to find answers unrelated to his duties. With his help we closed on August 10th, thank you so much Richard for all you've done.
Anna Pacca
Aug 24, 2021
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I cannot recommend this company enough. Richard Alvarez handled my file from start to finish and worked so hard to get my deal done. Do not hesitate to get your mortgage here (and make sure you ask for Richard).
Yaqueline A.
Aug 21, 2021
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This email serves as a warning for those who are thinking of doing business with Cliffco. DO NOT. These people (to not mention names because I won't go that) far are very unprofessional, liars, and untrustworthy. Since the beginning they lied about my qualifications for a mortgage even though it was asked several times if the loan had been approved. All I needed was honesty and the truth. The unprofessionalism went that far that they pushed me aside to another lender also swearing that everything was okay. To this day 8/19/2021 no one has called me back or responded to my emails. I lost so much
