Mortgage Options |
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HomeLiving Mortgage
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Low down option with no income limit, no application fee and no prepayment penalty. Minimum credit score of 640+, perfect for first time or repeat homebuyers. Refinancing options also available.
10% Down & No PMI
Limited Time Special
Exp: 9/1/21
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Term:
Up to 30 Years
Down Payment:
As Low as 10% Down
More Details:
Private Mortgage Insurance expense waived for qualifying borrowers with no upfront or monthly PMI fees through this promotion.
Rates
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HomeAway Mortgage
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Perfect for that lake house you've been dreaming about, HomeAway offers the same great options as our HomeLiving product. Easily finance a vacation or second home for up to 20 years.
10% Down & No PMI
Limited Time Special
Exp: 9/1/21
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Term:
Up to 20 Years
Down Payment:
As Low as 10% Down
Details:
Minimum credit score of 640+
Property must be suitable for year-round occupancy, available for the borrower's exclusive use and cannot be subject to rental agreements.
Geographical Requirements: Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington
Rates
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HomeReady® Mortgage
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With a low down payment option, flexible sources for funds, affordable and cancellable monthly mortgage insurance and easy to access educational options, HomeReady® Mortgage is the perfect option to meet the diverse needs of today’s buyers.
Great for new and repeat homebuyers!
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Realtor Information
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Term:
Up to 30 Years
Down Payment:
3.00%
More Details:
Eligibility requirement based on income.
Rates
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Low Down Payment Program
80/20 Mortgage & Home Equity
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If you have dreamed of owning your own home now is the time. Offering a special low down payment option and Private Mortgage Insurance (PMI) expense may be waived. This saves borrowers from additional monthly expenses that are standard with low down payment programs.
Program available for First Time Buyers as well as current homeowners.
Refinances also welcome.
Available to credit qualified borrowers.
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Term:
Up to 30 Years
Down Payment:
As Low as 0% Down
Details:
PMI Waived for Qualifying Borrowers
80/20: Loan will be financed with 80% of the LTV financed into a first mortgage with the remainder financed as a home equity. This is commonly referred to as an 80/20 split.
Apply to Get Started or
Call 518.583.2323 x 778
Mortgage RatesHome Equity Rates
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Conventional Fixed Rate
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Fixed rate loan available for new purchase or refinancing. No PMI and cash out options are available for 1 to 4 family units. |
Term:
Up to 30 Years
Down Payment:
10%
More Details:
PMI may be required for Loan to Value (LTV) greater than 80%.
Cashout refinance available with 80% CLTV.
Rates
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Adjustable Rate Mortgage (ARM)
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Loans begin with a fixed rate for the initial term and then adjust according to a defined index.
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Term:
Up to 30 Years
Down Payment:
10%
More Details:
PMI may be required for Loan to Value (LTV) greater than 80%.
Cashout refinance available with 80% CLTV.
Rates
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Federal Housing Administration (FHA)
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Flexible credit requirements and low down payment requirements can help first time buyers purchase their first home.
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Term:
Up to 30 Years
Down Payment:
3.50%
More Details:
Lower maximum loan amounts.
Upfront and monthly mortgage insurance premium required.
Rates
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Purchase Money Second Mortgage
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This program allows you to obtain the money you need to purchase a new home without having to deplete your savings. |
Term:
Up to 30 Years
Down Payment:
0.00%
More Details:
Loan limit up to $250,000
Rates
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Veteran Affairs (VA)
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A Federal VA mortgage allows qualified veterans to purchase a new home with no down payment. A fixed rate provides the security of a monthly payment that will not change.
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Term:
Up to 30 Years
Down Payment:
0.00%
More Details:
VA funding fee required.
Rates
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United States Department of Agriculture (USDA)
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USDA loans allow for 100% financing of the property’s value with no down payment. Loans are insured by the USDA. Flexible credit requirements.
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Term:
30 Years
Down Payment:
0.00%
More Details:
Eligibility requirement based on income and property location. Upfront Guarantee Fee required.
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Vacation Home
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If you have dreamed of owning a second home or vacation home, now is the time. Financing is available to help you purchase, refinance, or construct a single family second home / vacation home. |
Term:
Up to 20 Years
Down Payment:
10.00%
More Details:
Property must be suitable for year-round occupancy
Property must be available for the borrower's exclusive use
Property cannot be subject to rental agreements
Rates
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Investment Property
Owner Occupied
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Good option for individuals who are looking to rent out a portion of their home to tenants. Available for 1-4 family, must be owner occupied residence.
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Term:
Up to 30 Years
Down Payment:
25.00%
More Details:
Property must be owner occupied.
Rates
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Investment Property
Non-Owner Occupied
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Option for buyers who intend to use the home for investment purposes and will not live in the home. Available for 1-4 family units. |
Term:
Up to 15 Years
Down Payment:
25.00%
More Details:
Property may be non-owner occupied.
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