Home Lending Solutions

While many Mortgages are serviced locally there may be instances where this is not the case. Our Mortgage experts can provide you with information regarding the servicing of your particular loan.

Full disclosures and terms will be provided during Community Heroes Mortgage Program consultations. The summary below is not all-inclusive:

• Mortgage is restricted to the primary residence (purchase only) located in New York State.
• Must be credit qualified and eligible for credit union membership. A CAP COM checking account with payroll direct deposit and automatic mortgage payments through ACH is required.
• The $500 deposit will be made to the program participant’s CAP COM checking account within 30 days of the closing, upon verification of all eligibility requirements.
• Personal real estate attorney fee waiver is a $500 credit, not redeemable as cash.
• You are not required to use the program service provider(s) as a condition of the purchase of the subject property. You may use an alternative provider offering a similar service, however related discounts and other savings will not be available to you. Proof of employment in healthcare, education, law enforcement, fire and rescue, U.S. military, or veteran status is required to be eligible for the Community Heroes Mortgage Program.

The Annual Percentage Rate (APR) will be set when the application is submitted and will be indicated on the loan agreement. Fixed Rate HELOC: The representative monthly payment based on a 10-year term, in first mortgage position at a 6.25% Annual Percentage Rate is $11.23 per $1,000 borrowed. Variable Rate HELOC: Intro rate effective for first 12 months. After the initial 12-month discount has expired, your annual percentage rate can change annually on the first day of the month following the expiration of your discount rate. After the intro rate, loans with LTVs of up to 90% in first position and LTVs of up to 80% in second position will be equal to the Prime Rate minus 0.50%. Loans with LTVs between 81% - 90% on second lien position will be equal to the Prime Rate plus 0.50%. The floor rate will be set when the application is submitted, will be in effect for the life of the loan, and will be indicated on the loan agreement. The representative monthly payment based on a 20 -year variable term, in first mortgage position at a 7.250% Annual Percentage Rate is $7.91 per $1,000 borrowed. Rates are accurate as of 9/21/2023 and are subject to change without notice.

Title insurance may be required and is paid by the borrower. Closing costs paid by CAP COM, on behalf of the borrower, will be paid on cumulative loan amounts up to and including $250,000 and will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $0 and $6,500 but depending on location and other factors it could be higher or lower.

All Lines of Credit require a minimum limit of $10,000. Other rates are available and subject to change without notice. Mortgages in New York State only. Broadview FCU NMLS Identifier: 458314

Rates as of  . The representative monthly payment based on a 30 year fixed mortgage at 6.625% with a 6.785% APR is $6.40 per $1,000 borrowed. All rates are subject to change without notice. Rates are based on a purchase or no cash out refinance, cash out options may affect your rate. If an escrow account is required or requested, that payment does not include insurance and taxes and the payment may be greater.

Mortgage products in New York State only and offered by our Mortgage Team, Homeowners Advantage (HOA), which is a subsidiary of Broadview FCU. HOA is a Licensed Mortgage Banker – NYS Dept. of Financial Services. HOA NMLS Identifier: 309847. Principal Address: 4 Winners Circle, Albany NY 12205. Broadview FCU NMLS Identifier: 458314