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.

Mortgage Options Benefits Details

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:
As Low as 3%

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

Cashout refinance available.

Rates

Low Down Payment Programs
Home Possible, Home Possible Advantage, HomeReady® 

 

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Low down payment requirements and reduced mortgage insurance coverage levels can make this option a preferred choice among first time home buyers.

Financing for a variety of home options including 1 to 4 unit primary residence, condos, PUD and manufactured homes (with restrictions).

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)

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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 5%

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

Cashout refinance available.

Rates

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.

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)

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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.

Term: 
Up to 30 Years

Down Payment:
0.00%

More Details:
VA funding fee required.

Rates

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.

Term: 
30 Years

Down Payment:
0.00%

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

Rates

Property Eligibility Map

Vacation/Second 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 30 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

80/20 Mortgage Program
Mortgage & Home Equity

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This program 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 welcome.
Available to credit qualified borrowers.

Term: 
Up to 30 Years

Down Payment:
As low as 0.00%

More 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.

Rates

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.

Cash-Out Refinance Available

Term:
Up to 30 Years

Down Payment:
As low as 15.00%

More Details:
Property is non-owner occupied.


Rates


Pre-Approval


Mortgage Center


Rates


 

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.