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News : Business Feb 12, 2010 - 10:08 PM


Private mortgage banker, dedicated to the community, opens office in Purchase, NY

By Continental Home Loans





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Continental Home Loans, a 26 year-old private mortgage banker based in Melville, New York, has begun operations in Purchase, New York, to offer a wide array of financing options for home purchase and refinance loans. All of the company's mortgage consultants are highly experienced. The new branch, part of a larger entity with 500 employees and licensed in 18 states including Connecticut, performs local processing and underwriting for the Westchester marketplace. They have leased 5,000 sq. ft. at 2900 Westchester Avenue in Purchase, NY.

Besides its impressive offerings, its Branch Sales Manager, Arthur DiMella, is proud to announce that every one of its 12 loan officers will select a charity to help, to give back to the community in which a mortgage company is so intimately involved. DiMella, with 16 years of experience in his field, has joined the White Plains Rotary and has been active in the Marine Corps' Toys for Tots. Also joining CHL is the father and son team of Ralph Berardi, Sr. and Jr., with a combined forty-five years experience in mortgage lending.

Continental Home Loans is the number one FHA lender by units and loan volume in New York State for privately held mortgage bankers. "Another program the company will specialize in is HUD'S 203k, a construction loan well suited to the real estate market of short sales and foreclosures, which may be in need of repair or rehabilitation. It is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. We also cater to the first time homebuye. As a SONYMA (State of New York Mortgage Agency) lender, we are leaders for that program as well," said DiMella. The company plans a First Time Homebuyer's Seminar in March at the Yonkers Public Library. This free seminar will provide information on how to buy your first home, low down payment financing and down payment assistance programs available from the County of Westchester. There will be representatives from SONYMA, local attorneys and Realtors.

Continental Home Loans supports events at the Westchester Putnam Association of Realtors; in addition, it is a sponsor of the Women's Council of Realtors. On February l6th at 8:30 a.m. at the Doubletree Hotel in Tarrytown it will sponsor an expert speaker and Realtor trainer, Daryl Davis. There is no charge to attend.

Find Continental Home Loans at http://www.chlmortgagebankers.com/.




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