Nicholas Baratto, AMP
Mortgage Originator
NMLS# 1392603
I began working for Broadview in 2007 and after seeing the opportunity to help people navigate the sometimes complex and winding road that can be borrowing, I became a Consumer Loan Officer. During my time at Broadview I have helped thousands of borrowers purchase new cars, finance their child’s education, or access their equity for home improvements, all with the goal of educating the borrower and making them savvier consumers. I find sincere gratification in helping people formulate plans to achieve their goals. It’s this passion that led me to be one of Broadview’s top Consumer Loan Officers year after year.
In 2015 I decided to focus my efforts on mortgage lending and accepted a position with Homeowners Advantage. Combining my lending experience with the MBA degree I earned from the University at Albany in 2014, allows me to connect the academic and practical sides of customer service and financing to provide you a unique perspective. This perspective ensures we will evaluate the opportunities exclusive to your scenario and work together to make the decisions that are best for you. No matter the particulars of your financing -- refinance or purchase, first-timer or investor, single family or multi-family, rest assured I will work diligently to exceed your expectations. I welcome the opportunity to work with you and look forward to getting you to the closing table!
5/6 ARM1
AS LOW AS
% Rate
% APR1
(70-Day Rate Lock)
7/6 ARM1
AS LOW AS
% Rate
% APR1
(70-Day Rate Lock)
30-Year Fixed
AS LOW AS
% Rate
% APR1
(70-Day Rate Lock)
Traditional Mortgage Options
Fixed-Rate Mortgage1
Finance up to 97% of the purchase price (if qualified) and enjoy quick processing with same-day pre-qualification – if credit qualified. Flexible rates and terms are available.
Adjustable-Rate Mortgages1
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 Loan2
For first-time homebuyers with credit challenges, the FHA Loan offers a lower down payment. Sellers can provide up to 6% toward closing costs and pre-paid items.
VA Loan2
Eligible veterans can obtain up to 100% financing for owner-occupied properties (1-2 units). Sellers can provide up to 6% toward closing costs and pre-paid items.
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 $726,200.
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, include3:
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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. Representative payment for a 30 year fixed mortgage at 5.875% with a 6.022% APR is $6.01 per $1,000 borrowed. Representative payment for 7/6 ARM at 5.375% with a 6.882% APR is $6.57 per $1,000 borrowed for the first 7 years then subject to increase. Rates are accurate as of and are subject to change without notice. Quoted rates may include the requirement of credit union membership at the time of loan disbursal and selection of our Automatic Payment Plan. 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, that payment does not include insurance and taxes and the payment may be greater. Ask about other rates and terms.
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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
