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 90% CLTV (Combined Loan to Value) and points of 2.00% will apply for loans over 80% CLTV. Tax escrow may be required. The credit union will provide $400 off closing costs for first mortgage loans through this offer, does not apply to government loans. The coupon must be presented at time of application. Cannot be combined with any other promotion. Geographical Requirements: Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schenectady, Warren and Washington. Offer expires September 1, 2021. Credit union reserves the right to discontinue promotion at any time.
10% DOWN & NO PMI
Limited time promo expires 9/1/2021
Primary Residence
Minimum credit score of 640+
Purchase or refinance
Cashout available
For first time or repeat homebuyers
No income limit
No application fee
No prepayment penalty
Rate lock
Apply Today
Additional Mortgage Products
10% DOWN & NO PMI
Limited time promo expires 9/1/2021
Vacation & Second Homes
Minimum credit score of 640+
Purchase or refinance
Cashout available
No application fee
No prepayment penalty
Property must be suitable for year-round occupancy, available for the borrower's exclusive use and cannot be subject to rental agreements. See geographical requirements below.
Apply Today
Additional Mortgage Products
$400 Off Coupon
'cimple' mortgage REFInance
Have a mortgage that will grow with you. As you pay down your balance, your ability to borrow will increase, giving you the flexability to use more funds. Whether paying off existing debt or tackling an unexpected home renovation, our Mortgage Refi' Program will allow you to easily draw on the funds you have already paid so you can update your home as you go.
A 'CIMPLE' Mortgage Refi' without all the closing costs
No PMI
No Appraisal Fee
No Title Search Fee*
No Application Fee
No Attorney Fee
No Tax Escrow
No Recording Fee
Plus
Line Of Credit Option
Cash Out Available
Apply
'CIMPLE' Mortgage Refi' Line of Credit Rate
'CIMPLE' Mortgage Refi' Loan Rate
The only home product you will need
1. Borrow up to 100% of your home's value and pay it back at any time with no pre-payment penalty.
2. As you pay down your mortgage, your access to credit will increase.
3. Use your line of credit for anything, pay off student debt, finance renovations or even cover vacation expenses.
4. As little as 5 Days to closing & minimum credit score of 660+. Give us a call and let us get you started today!
518.583.2323
A Mortgage that Grows With You
|
Calculate How Much You Can Borrow
(Lesser of $250,000 or 100% of Appraisal)
|
Estimated Home Value
|
Estimated Outstanding Mortgage Balance
|
Estimated Available funds on LOC
|
Year 1
Take 100% of your home's value, then subtract what you owe on your mortgage. |
$250,000 |
$200,000 |
$50,000 |
Year 5
After making $25,000 in mortgage principal payments over 5 years, your mortgage balance drops and your available credit increases. |
$250,000 |
$175,000 |
$75,000 |
Year 10
After making $56,000 in mortgage principal payments over 10 years, your mortgage balance drops and your available credit increases. |
$250,000 |
$144,000 |
$106,000 |
Mortgage Programs
The credit union offers a full suite of mortgage programs. We look forward to helping with all your mortgage needs.
Other Featured Products
Meet our Mortgage Team
Lisa McCoy
Vice President, Branch Operations
518.583.2323 x123
email
NMLS# 1454285
Paige Carlquist
Branch Manager
518.583.2323 x122
email
NMLS# 1802733
Real Estate Agents
When you partner with us, we meet you on a level playing field and open a world of possibility.
We would love to connect whether on the phone or over a cup of coffee to discuss how we can work together. Plus, take advantage of our FREE programs to help you and your client feel confident with all aspects of the buying and selling process.
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Seminars for you and your clients
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Office visits with custom presentations, plus breakfast!
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Open house visits
Read More
When it's important to you, it's personal to us.
About Saratoga's Credit Union
Saratoga’s Community Federal Credit Union is a full service financial institution founded in 1945 by a group of educators in the Saratoga Springs Public School System. Since that time the credit union has grown to service the financial needs of the communities within Saratoga County offering a wide range of services from student loans, mortgages, and auto financing to savings and retirement options. Saratoga’s Community FCU is committed to integrity, innovation, and individualization, providing fair and honest products for all individuals.