MORTGAGES

 

SPECIAL LOW DOWN PAYMENT PROGRAMS AVAILABLE

You find your home and we’ll take care of the mortgage.  With flexible options and competitive rates, we have a mortgage for everyone.  And the best part is, you get the best in mortgage servicing and processing from friendly, local professionals.  Buying a home is an exciting process.  We want to be a part of that process and have a mortgage that fits your needs.  Whether you know what you need or just want to talk about options, we ar here for you.

 

Patti Montgomery

Mortgage Loan Originator
518.583.2323 x113
email
NMLS# 580567

Realtor Information

Coupon Mortgage Calculator Mortgage Web Center

 

Mortgage Options Benefits Details

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

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

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

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

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!

Income Look Up Tool

Realtor Information

Term: 
Up to 30 Years

Down Payment:
3.00%

More Details:
Eligibility requirement based on income.

Rates

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.

 
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

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 with 80% CLTV.

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 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)

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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

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

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

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

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.

Term: 
Up to 30 Years

Down Payment:
25.00%

More Details:
Property must be owner occupied.

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.

Term:
Up to 15 Years

Down Payment:
25.00%

More Details:
Property may be non-owner occupied.


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.

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.