MORTGAGES

With flexible options and competitive rates, we have the perfect mortgage for everyone. Our local team of friendly professionals is here to guide you through the entire process—from application to closing. Buying a home is an exciting journey, and we’re excited to be part of it. Whether you’re clear on what you need or simply want to explore your options, we’re here to help you find a mortgage that fits your life and your goals.

Let’s make your dream home a reality.

Limited Time Promotion - 5% Down, PMI Waived

Affording your dream home can be a reality with our limited time, low down payment program.  Available to new and existing homeowners!

  • As low as a 5% Down Payment
  • Fixed or Adjustable Rates
  • Owner Occupied Properties Required
  • 1 - 4 Family Residences
  • Cash-Out Available
  • No Application Fee
  • No Income Limit Restrictions
  • No First Time Home Buyer Requirement
  • No Homebuyer Education Requirement
  • No Pre-Payment Penalty

Get Started Today!

 

Mortgage Options Benefits Details

Conventional Fixed Rate

Apply

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:
As Low as 3%

More Details:
PMI may be required for Loan to Value (LTV) greater than 80%.


Cashout refinance available with 80% CLTV.

Rates

HomeReady® Mortgage

Apply

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!

Income Look Up Tool

Realtor Information

Term: 
Up to 30 Years

Down Payment:
3.00%

More Details:
Eligibility requirement based on income.

Rates

Adjustable Rate Mortgage (ARM)

Apply

Loans begin with a fixed rate for the initial term and then adjust according to a defined index.

Term: 
Up to 30 Years

Down Payment:
As Low as 3%

More Details:
PMI may be required for Loan to Value (LTV) greater than 80%.

Cashout refinance available with 80% CLTV.

Rates

Federal Housing Administration (FHA)

Apply

Flexible credit requirements and low down payment requirements can help first time buyers purchase their first home.

Term: 
Up to 30 Years

Down Payment:
3.50%

More Details:
Lower maximum loan amounts.
Upfront and monthly mortgage insurance premium required.

Rates

Veteran Affairs (VA)

Apply

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.

Term: 
Up to 30 Years

Down Payment:
0.00%

More Details:
VA funding fee required.

Rates

United States Department of Agriculture  (USDA)

Apply

USDA loans allow for 100% financing of the property’s value with no down payment.  Loans are insured by the USDA.  Flexible credit requirements.

Term: 
30 Years

Down Payment:
0.00%

More Details:
Eligibility requirement based on income and property location.  Upfront Guarantee Fee required.

Rates

Vacation Home

Apply

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

Investment Property
Owner Occupied

Apply

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.

Term: 
Up to 30 Years

Down Payment:
5.00%

More Details:
Property must be owner occupied.

Rates

Investment Property
Non-Owner Occupied

Apply

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.

Cash-Out Refinance Available

Term:
Up to 15 Years

Down Payment:
As low as 15.00%

More Details:
Property may be non-owner occupied.


Rates


Mortgage Promotion:  Limited time promotion available to credit qualifying borrowers. Minimum loan amount of $100,000. Property must be owner occupied. Private Mortgage Insurance may be waived for loans up to 95% CLTV (Combined Loan to Value) and points of up to 2.50% will apply for loans over 80% CLTV. Tax escrow may be required. Sample payment based on 360 monthly payments of $62.39 for each $10,000 borrowed with an annual percentage rate of 6.731%. Rates may vary depending on each borrower's credit history and the credit union's underwriting standards. Rates are subject to change. Geographic Areas:  Only properties located in the following counties will be considered: Albany, Essex, Fulton, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington.  Must meet membership eligibility.  Membership eligibility: Immediate relatives of members are eligible. Non-family members must live, work, worship or attend school in Fulton, Montgomery, Saratoga, Warren or Washington County to qualify for membership.  Federally insured by NCUA.  NMLS #619051.

Find a Housing Counselor

Housing counselors throughout the country can provide advice on buying a home, renting, defaults, foreclosures, and credit issues. Using this link below, you can find one near you. The counseling agencies on this list are approved by the U.S. Department of Housing and Urban Development (HUD) and they can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost to you. This list will show you several approved agencies in your area.

Geographic Areas: Only the following counties will be considered: Albany, Essex, Fulton, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington.

Find a Housing Counselor

Resources

 

Mortgage Center

Buying a home is an exciting process full of challenges and rewards.  Let us be your guide through this process. Visit our Mortgage Center for FAQ’s, rates, online application and more.

 

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.

 

Calculators

How much mortgage can you afford?  Use our calculator to help budget in a mortgage payment and see what kind of home you can afford.