Home Loans

Use the equity in your home for just about anything.  Make home repairs, finance a college education or take a much needed vacation.   With fixed and variable rate options, no application fee and quick turnaround time - get the money when you need it.  Using the equity in your home has never been so easy.

Loan Options Benefits Details

Home Equity Loan

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Fixed rate loan available to access the equity in your home.  Rates and payments stay consistent to keep you on track.

Pre-Payment Penalty:
None

Closing Costs:
Closing costs and NYS Mortgage Tax Paid by Borrower

Interest Rate:
Fixed

Term: 
Up to 20 Years

Loan Limit Amount:
Up to $250,000

Maximum Loan to Value (CLTV):
100%

Rates

Home Equity Line of Credit

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A line of credit gives you flexible borrowing power to use what you need when you need it.  Access easily on your time through your checking account and only pay interest on the amount you use.

Advance Requirement:
No Advance Required at Closing

Pre-Payment Penalty:
None

Closing Costs:
Closing costs and NYS Mortgage Tax Paid by Borrower

Interest Rate:
Variable

Term: 
Up to 25 Years

Draw Period:
10 Years (included in repayment term)

Loan Limit Amount:
Up to $250,000

Maximum Loan to Value (CLTV):
100%

Rates

Home Improvement

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A home improvement loan provides fixed terms for members who want to improve or repair their home or property with limited closing costs. 

Pre-Payment Penalty:
None

Closing Costs:
Closing costs paid by the borrower may be applicable.

Interest Rate:
Fixed

Term: 
Up to 20 Years

Loan Limit Amount:
Up to $250,000

Maximum Loan to Value (CLTV):
133%

Rates

Additional Disclosures:
Eligible Properties:  1 to 2 family owner occupied as primary residence only.

Geographic Areas:  Only properties located in the following counties will be considered:  Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington

Any second mortgage lien must be satisfied at or prior to closing and can be paid with loan proceedings.

Resources

What You Should Know About Home Equity Loans

Confused by the lending lingo?  Not sure how borrowing against the equity in your home works?  We have the answers to your questions.

Protect Your Loan

You know that you need home insurance, but how do you get the best deal?  Through our relationship with Liberty Mutual Insurance, we can get you a free, no obligation quote.

Debt Protection

Your credit union wants to ensure that you and your loans are protected.  Protect your family and lessen the burden of making your loan payments should you become unemployed, disabled or lose your life with Debt Protection.