Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
 
 

Great Lending Solutions for Our Members!

The first heritage difference!
  • Streamlined application process with low closing costs
  • Make your payments locally
  • Expert advice from specially trained Mortgage Consultants
  • In-house loan programs to fit your home buying needs
 

Home Purchase Options

We have a variety of mortgage loan programs. Some even require little or no down payment and are geared toward first time home buyers.
Conventional Fixed Rate Mortgage
If you prefer knowing that your rate and payment won’t change or if you plan to stay in your home for a while, this may be the loan option for you. A fixed rate mortgage means the interest rate will stay the same for the entire term of your mortgage loan.
  • Competitive low rates starting at 3.875%
  • Loan terms available: 15 to 30 years
  • Minimum 5% down payment required
CONSTRUCTION LOANS
When you’re ready to build, we’re ready to assist by providing a short term loan with interest only payments during the home construction period. The funds are disbursed to the builder as the work progresses and your monthly interest only payment is based on the loan balance.  When your home is complete you can convert the construction loan to a conventional fixed rate or an adjustable rate mortgage loan.
During construction
  • Fixed rate / interest-only payments
  • Loan terms available: 12 months
  • Up to 80% of the appraised value of the completed home may be financed
After construction
  • Refinance into permanent home loan
  • Conventional Fixed Mortgage
  • 25 to 30 year terms
Click here for complete details
Federal Housing Authority (FHA)
The Federal Housing Administration (FHA) insures mortgage loans used to purchase or refinance your primary residence. FHA loans offer a low down payment and provide the security of a fixed-rate mortgage and features. We can help you determine if this is the best option for you.  We also have exceptional mortgage partners that can assist you with an FHA loan.

federal va loans

With a VA Loan you can use the Military Benefits you've already earned to purchase the home of your dreams or refinance your existing home! We can help you determine if this is the best option for you.  We have exceptional mortgage partners that can assist you with a VA loan if it best suits your needs.

Adjustable rate mortgages (arms)

This type of loan may be ideal if you plan to move or refinance in a few years and are looking for a lower monthly payment than a fixed rate loan typically offers. The rate is fixed for the initial term you select and is guaranteed not to increase more than 2% yearly or 6% over the life of the loan. Contact us today to see if this best suites your needs.  We also have mortgage partners that can assist you with an Adjustable Rate Mortgage if it best suits your needs.

sonyma loans
The State of New York Mortgage Agency (SONYMA) provides mortgage programs to assist first-time homebuyers with the purchase of a home in New York State.  These programs feature competitive interest rates, low down payment requirements, flexible underwriting guidelines, no prepayment penalties and down payment assistance.  We have an exceptional mortgage partner that can assist you with a SONYMA loan if it best suits your needs.
usda loans
USDA Home Loans provide 100% financing for a home purchase, or refinancing in a USDA designated rural area.  We have an exceptional mortgage partner that can assist you with a USDA loan if it best suits your needs.

Application Checklist

In order to ensure the timely closing of your loan we will require certain documentation. The application checklist will provide you a list of the information required.

Mortgage Partners
Our mortgage partners offer even more flexibility:

Home refinance Options

Time Saver Mortgage
If you are looking to payoff your mortgage sooner, our TimeSaver option is perfect for you. Our TimeSaver mortgage features a short term and low rate so you can pay off your mortgage faster.
  • Rates as low as 3.49%
  • No closing costs unless mortgage is discharged for any reason within three years of the loan date
  • 10 and 15 year terms available, no points


Apply Now

Click here for more information.

 
Conventional Fixed Rate Mortgage
If you prefer knowing that your rate and payment won’t change or if you plan to stay in your home for a while, this may be the loan option for you. A fixed rate mortgage means the interest rate will stay the same for the entire term of your mortgage loan.
  • Competitive low rates
  • Loan terms available: 15 to 30 years
  • Minimum 5% down payment required
fixed rate home equity loan

A fixed rate home equity loan is ideal if you need funding for a large purchase or renovation, and you want the peace of mind of knowing your payment won’t change. You’ll receive your home equity loan amount in one lump sum. Another benefit? The interest on your home equity loan may be tax deductible, much like your primary mortgage.

  • Rates as low as 2.99%
  • No closing costs+
  • Terms up to 15 years
  • Increased borrowing power for bigger projects
  • Interest may be tax deductible; please consult your tax professional for further information
 
 

Home Equity Loan Options

If you need financing for home improvements, school tuition, debt consolidation or other reasons, a Home Equity Loan is the perfect loan for you. 

A Home Equity Loan is also called a Second Mortgage, though you can get a Home Equity Loan if you do not have a mortgage on your home. If you currently have a mortgage, you have the option to select a different Financial Institution for your Home Equity/Second Mortgage loan.

We have new options available, so whether you need a lump sum or a line of credit, we have the loan that best fits your needs.

fixed rate home equity loan

A fixed rate home equity loan is ideal if you need funding for a large purchase or renovation, and you want the peace of mind of knowing your payment won’t change. You’ll receive your home equity loan amount in one lump sum. Another benefit? The interest on your home equity loan may be tax deductible, much like your primary mortgage.

  • Rates as low as 2.99%
  • No closing costs+
  • Terms up to 15 years
  • Increased borrowing power for bigger projects
  • Interest may be tax deductible; please consult your tax professional for further information
APPLY NOW

Click here for more information

home equity line of credit
Thinking of making home repairs or upgrading your home with a remodel? These are just a few reasons why a HELOC (Home Equity Line of Credit) might be the best option for you. If you don’t want to receive the money you’re borrowing in one lump sum payment, consider opening a line of credit. With a HELOC you’ll be able to borrow money multiple times from your available maximum amount.
  • Competitive low variable rate
  • No closing costs+
  • 10 year draw period with a 15 year repayment period
  • Easy access to your funds by calling any branch or using our line of credit checks
  • Interest may be tax deductible; please consult your tax professional for further information


 

NMLS ID 460887. Equal Housing Lender.

+No closing costs unless the mortgage is discharge for any reason within 3 years
 
This credit union is federally insured by the National Credit Union Administration.