Astoria Financial Group

Astoria Financial Group is a bank holding company headquartered in Lake Success, New York.  They were established in 1888.  Astoria Federal Savings and Loan and its subsidiary AF Insurance Agency make up its holdings.  Astoria Federal Savings is the sixth largest thrift institute in the US and has almost 90 branches near New York and mortgage brokers in 23 states.   The loans it writes are primarily for mortgage backed securities.  More than two thirds of the mortgages it writes are for one to four family residences, with multifamily residences comprising only  20% of the loans.  Employing about 2000 people Astoria Federal Savings’ fiscal year ends in December.  For 2005 Astoria Financial Corporation had a pretax income of $326 million and it holds assets of  $23416 million.  The Chairman, President, and Chief Executive Officer is George L Engelke Jr.

Loans funded by Astoria Federal Savings

Astoria Federal Saving offers fixed rate mortgages, adjustable rate mortgages, first time home buyer and affordable mortgage programs.  They also have No Income/No Asset verification loans along with No Income/Full Asset verification  programs.  The “Pronto” program is for those with less than perfect credit.  Refinance programs are offered as well and not only to current mortgage customers.   If your loan is with another institution they will be happy to help you with a refinance option.

States Served by Astoria Federal Savings

Astoria Federal Savings is known as Astoria Federal Mortgage Corporation in states outside New York.  These states include:  Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, New Jersey, North Carolina, Pennsylvania, Ohio, South Carolina, Virginia, and Washington D. C.  Astoria Federal Mortgage Corp offers 30 year fixed rate conforming loans up to $417,000; 15 year fixed rate conforming loans up to $417,000; 30 and 15 year fixed jumbo loans up to $650,000; and 3/1, 5/1, 7/1, 10/1 adjustable rate mortgages up to $250,000.  Astoria Federal Mortgage Corp offers free pre-qualification, 60-120 day rate locks and rate buy down options.  They have many other programs including condo, co-op and investment property loans.

At Astoria Federal Saving they believe in the personal touch.  While you can e-mail your questions to them, they prefer a telephone interview or a face to face interview when applying for a loan.  With over 86 branches  in Brooklyn, Queens, Nassau, Suffolk and Westchester counties they feel it should not be a problem.  Once you have obtained a  loan from Astoria Federal Saving you may manage it online, however.

“Putting people first” is Astoria Financial Corporation’s motto.  They intend to put this into effect by providing quality financial services and products to the people and communities they serves.  Their code of ethics requires the “thoughtful behavior of each ethical director, officer and employee”. 

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.