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
mortgage PROMOTION - $400 OFF CLOSING COSTS
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.
Fast Closings | Flexible Options | Neighborly Advice
Featured Product
Buying or upgrading your home may be more affordable than you think. We will personally review your options and help find the right program for you.
Low Down Payment Mortgages with NO PMI
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$400 OFF Closing Costs
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No PMI Required
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Down Payments As Low As 5%
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Credit Scores As Low As 600 Accepted
Keep your mortgage local with Saratoga Federal & Saratoga Mortgage!
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LOAN TO VALUE |
CREDIT SCORE |
DEBT TO INCOME |
ESCROW |
ORIGINATION FEE |
PMI |
80.1% - 85% |
600 |
45% |
REQUIRED |
1.50% |
NOT REQUIRED |
85.1% - 90% |
640 |
45% |
REQUIRED |
1.23% |
NOT REQUIRED |
90.1% - 95% |
680 |
50% |
REQUIRED |
1.40% |
NOT REQUIRED |
Mortgage Calculator | Mortgage Web Center
Mortgage Programs
The credit union offers a full suite of mortgage programs. Connect with us and we will help find the right program for your unique needs.
80/20 Loans, ARMs, FHA, Home Ready, Investment Property (Owner Occupied), USDA, Vacation Home, Veteran Affairs (VA)
Learn More
Meet our Mortgage Team
Lisa McCoy
VP, Branch Operations
518.583.2323 x123
email
NMLS# 1454285
Misty Malatino
Branch Manager - Ballston Spa Branch
518.583.2323 x107
email
NMLS# 925524
Cristella Parsons
Branch Manager - Saratoga Springs Branch
518.583.2323 x103
email
NMLS# 2192991
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
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When it's important to you, it's personal to us.
About Saratoga Federal
Saratoga Federal 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.