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Mortgage Savings Account

Becoming a homeowner is an exciting milestone, and one that we want to help you achieve with our special Mortgage Savings Account. By saving as little as $100 a month, you can earn up to $1,000 towards your closing costs when you finance your mortgage with HVCU.

  • HVFCU Membership Plus Block 2
    Earn $1 for every $5 deposited. Earn up to $1,0001 towards closing costs. Account must be open for ten months.
  • HVFCU Membership Plus Block 2
    $100 minimum opening deposit, with a $100 monthly deposit requirement.
  • My Credit Union Plus Block 2
    Your accounts are insured by the National Credit Union Share Insurance Fund to at least $250,000. Visit to learn more about your Share Insurance Coverage and to access resources including a Share Insurance estimator tool, publications, videos, and more.

Get Started

Open an Account Online

What to Expect

How Mortgage Savings Works:

  • Open a Mortgage Savings Account, with as little as $100
  • Make regular deposits (of at least $100 per month)
  • Continue to save for your future home each month (for a minimum of ten months)
  • Apply for an HVCU mortgage
  • Finalize your mortgage (financed by HVCU of course!)
  • Relax and enjoy the fact you have more money in your pocket as you put the keys in the front door of your new home!

What You Can Do With $1,000:

Think about all the things you can pay for if you save enough money to receive the $1,000 bonus – you could:
  • Move up your timeline to homeownership
  • Personalize your new home with fresh paint and window treatments
  • Update flooring, fixtures, and appliances
  • Furniture that is just right for your new space
  • Beautify your backyard with landscaping or a patio set

Mortgage Savings Account Rate

Dividend Rate
Minimum to open

View all rates and disclosures


Direct deposit via ACH (Automated Clearing House) is today’s safest, fastest, most convenient way to deposit your paycheck, Social Security, or other recurring payment.

Set up ACH direct deposit

Useful Resources

Our Mortgage Loan Officers act as your personal guide on your journey to home ownership. They help make the loan process as smooth as possible, determine the best mortgage for your needs & budget, and help complete your application when it is time to apply for a mortgage.

Meet Our Mortgage Loan Officers

1APY=Annual Percentage Yield. The APY is 0.02%, effective as of 03/08/23, and is subject to change without notice. Account holder(s) is eligible to receive a lender credit of $1 for every $5 deposited up to a maximum of $1,000 toward closing costs when obtaining a mortgage loan through HVCU. Eligibility requires a separate Primary Savings membership account with a $0.01 minimum balance, a minimum opening deposit of $100, monthly deposits of $100 for a minimum of 10 months, and obtaining approval to close on an HVCU mortgage within 36 months of account opening. The lender credit is limited to one credit per mortgage and borrower may only receive the credit once. Withdrawal requests require the closing of the Mortgage Savings account. The Mortgage Savings account will automatically close and the balance will transfer to the member’s existing Primary Savings account. The closure will occur at the quarterly dividend posting following 36 months and the anniversary date of the original account opening. Lender credit amount is determined when a completed mortgage application is submitted and may be subject to change based on available mortgage programs.