Alexander Torossian
Mortgage Originator
NMLS# 56325
Thank you for taking the time to look at my webpage. For over thirty years I have been serving the Capital Region with one consistent goal- to provide the best customer service and help people achieve their dream of buying a home. I believe that if you do an outstanding job at a fair price, people will always come back to you. It is through this belief I have been able to build my business through the referrals of satisfied customers.
At Homeowners Advantage, I have a team behind me that has the same focus on achieving this customer service goal. Whether you are purchasing your first home, a second home, investment property, or refinancing, we have the experience to help you through even the most difficult transaction. Throughout the years I have developed a reputation of being direct, honest, and not afraid to have the difficult conversations. So, let’s have a conversation and see what Homeowners Advantage and I can do for you.
30-Year Fixed2
AS LOW AS
% Rate
% APR1
(45-Day Rate Lock)
5/6 ARM3
AS LOW AS
% Rate
% APR1
(45-Day Rate Lock)
7/6 ARM3
AS LOW AS
% Rate
% APR1
(45-Day Rate Lock)
Traditional Mortgage Options
Fixed-Rate Mortgage
Finance up to 97% of the purchase price (if qualified) and enjoy quick processing. Flexible rates and terms are available.
Adjustable-Rate Mortgages
Payments may adjust up or down based on interest rate changes. Ideal if you will be in your home for about 10 years or less. Multiple options to fit your specific needs.
Multi-Family/Investment
Financing options for investment and multi-family properties (up to 4-family units).
Low-down Payment Options
FHA Loan4
For individuals with credit challenges, the FHA Loan offers lower down payment options. Sellers can also provide up to 6% towards concessions.
VA Loan4
Eligible veterans can obtain up to 100% financing for owner-occupied properties (1-2 units). Seller may contribute up to 4% of the sale price plus reasonable and customary loan costs.
Specialty Mortgage Options
Construction End Loan
If you’re buying in a community and the builder doesn’t need cash during construction, this loan may be ideal. You can lock in the rate for up to 365 days.
USDA Rural Loan
This program finances up to 100% of the property's appraised value with no mortgage insurance. Sellers can provide up to 6% toward closing costs and pre-paid items.
Jumbo Loan
The Jumbo Loan features favorable rates, flexible terms, and dependable payments on purchases greater than $806,500.
Community Heroes Mortgage Program
Healthcare
professionals, staff
Law Enforcement
police, corrections
U.S. Military
active-duty, veteran
Fire & Rescue
full-time, volunteer
Education
professionals, staff
Community Hero benefits, available on every mortgage we offer, include5:
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APR = Annual Percentage Rate. All rates quoted are the lowest available rates, actual interest rate will be based on overall creditworthiness. Rates are based on a purchase or no cash out refinance, cash out options may affect your rate. If an escrow account is required or requested, monthly payments may be greater. Ask about other rates and terms.
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An example monthly payment for a 30 year fixed mortgage rate at % with a % APR is per $1,000 borrowed. Rates are accurate as of and are subject to change without notice.
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ARM = Adjustable Rate Mortgage. The 7/6 ARM rate shall be fixed for 7 years and is subject to a rate adjustment bi-annually thereafter. The adjusted rate shall be based on the 30 Day Average SOFR plus 2.75% with a floor rate of Start Rate and a Ceiling Rate of Start Rate + 5.00%. Rates are accurate as of and are subject to change without notice. The adjusted rate shall be based on the index value in effect 45 days prior to the contractual rate change data. An example monthly payment for a 7/6 ARM rate at % with a % APR is per $1,000 borrowed for the first 7 years then subject to increase.
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Broadview FCU and its subsidiary Homeowners Advantage can facilitate but are not directly associated with Veterans Affairs (VA) or the US Dept. of Housing and Urban Development (HUD).
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Full disclosures and terms will be provided during Community Heroes Mortgage Program consultations. The summary below is not all-inclusive:
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- Mortgage is restricted to the primary residence (purchase only) located in New York State.
- Must be credit qualified and establish credit union membership prior to loan disbursal. A Broadview FCU checking account with payroll direct deposit and automatic mortgage payments through ACH is required.
- The $500 deposit will be made to the program participant’s Broadview FCU checking account within 30 days of the closing, upon verification of all eligibility requirements.
- Personal real estate attorney fee waiver is a $500 credit, not redeemable as cash. Not available in all areas.
- You are not required to use the program service provider(s) as a condition of the purchase of the subject property. You may use an alternative provider offering a similar service, however related discounts and other savings will not be available to you. Proof of employment in healthcare, education, law enforcement, fire and rescue, U.S. military, or veteran status is required to be eligible for the Community Heroes Mortgage Program.
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Mortgage products in New York State only and offered by Homeowners Advantage (HOA), a subsidiary of Broadview FCU. Licensed Mortgage Bankers – NYS Dept. of Financial Services. HOA NMLS Identifier: 309847. HOA address: 4 Winners Circle Suite 202, Albany NY 12205. Broadview FCU NMLS Identifier: 458314
