Affordable Home Financing
If you are looking to purchase a home, or refinance your existing mortgage, you can be sure that the credit union is here to help you every step of the way. Like the thousands of homeowners that have financed a mortgage with Hudson Valley Credit Union, you can feel confident knowing you will receive personalized, one-on-one service that is unmatched by other national (and local) lenders. Financing is available for homes in New York, Connecticut, and Pennsylvania.
Check Out Our Rates
Learn
Prepare
Apply
Free Home Buyer Guide
Mortgage Savings Account
Earn $1 for every $5 deposited. Earn up to $1,0004 towards closing costs. Account must be open for ten months.
$100 minimum opening deposit, with a $100 monthly deposit requirement.
Homebuyer Dream Program®
Additional Resources
- Appraisal Disclosure
Appraisal Disclosure
Please be advised that the fee charged by HVCU in connection with an appraisal of the property used to secure this transaction is NON-REFUNDABLE. Residential property values have experienced significant declines in recent years and may be subject to further decline. Any potential value discussed between you and HVCU at or prior to the time of application for a mortgage should not be construed as a formal estimate of value for the property being financed. A formal opinion of value will be conducted by a professional appraisal firm which operates independently of HVCU, and HVCU employees are expressly prohibited from discussing or influencing the appraiser’s opinion of home values in any way. - Mortgage Accelerator Program (MAP)
Mortgage Accelerator Program (MAP)
Our Mortgage Accelerator Program is a free service for fixed rate mortgages that offers a payment structure similar to a bi-weekly payment option. You can start or discontinue the program at will without the need or expense of refinancing your mortgage. To take advantage of MAP, please complete and return our MAP AutoPay form.How MAP Works
- Every two weeks, one half of your regularly scheduled mortgage payment is automatically deducted from your HVCU checking or savings account and deposited into a specially marked savings account (your Mortgage Accelerator Program account).
- On the first of each month your payment is “swept” from your MAP account and applied to your mortgage payment.
- After your mortgage payment is paid, additional funds and dividends are applied to your outstanding principal balance. In essence, twice per year your principal is reduced by one half payment.
- You can also choose to increase your payments for additional interest savings on your mortgage. Deposits can be made to your MAP account at any time.
- Home Insurance
- Servicemembers Civil Relief Act (SCRA)
What to Expect with an HVCU Mortgage
- Low mortgage rates
- Low down payment options
- Free pre-approvals
- Fast turnaround
- Low closing costs
- No mortgage pre-payment/payoff penalties
- In-house account servicing
- Local decisioning
Learning Center
-
View More Resources for Home FinancingCouple looking over plansLearn More
Is a Renovation Mortgage Right for You?
Finance both the purchase price of a home, plus the cost of future repairs and/or updates.Two female friends sitting on living room floor surrounded by boxes.Learn MoreThe Pros and Cons of Buying a House With A Friend
Learn what you need to know, including the risks and the financial implications, on buying a home with a friend. -
View More Resources for BorrowingHanding over car keysLearn More
Buying a Car from a Private Seller? Here’s What You Need to Know
Here are some tips for buying a car from a private seller that protect you from buying a lemon.Female college studentLearn MoreAn Easy Guide to Student Loans
Here are five tips to help you get a better understanding of student loans. -
View More Resources for Businessbusiness graph on a computerLearn More
10 Ways to Grow Your Business
A business' ability to be nimble and responsive determines its capacity to come out on top of challenges and obstacles.Man in cafe writing and using tabletLearn MoreWriting Your Business Plan in 5 Easy Steps
Learn more about how to craft your business plan and bring your business dreams to fruition. -
View More Resources for Fraud & SecurityBanking Email & Website AwarenessLearn More
Banking Email & Website Awareness
Use common sense, intuition and extreme care when your personal and financial information is at stake.Banking Phone ScamsLearn MoreBanking Phone Scams
It’s important to remember that people are still targeted by fraudsters via phone. Visit us to learn what to know when dealing with calls you didn't initiate. -
View More Resources for InsuranceMan sitting on living room floor holding dog.Learn More
Your Complete Guide To Renter’s Insurance
Learn about the valuable aspects of financial protection and coverage offered by renter’s insurance.Exterior image of home with storm clouds aboveLearn MoreYour Complete Guide To Homeowners Insurance
Learn how to find coverage options without overpaying for more protection than you need. -
View More Resources for Saving & BudgetingFather with daughter holding piggy bankLearn More
Raising Your Kids to Be Financially Independent Adults
Check out some tips for raising kids to be financially independent adults.
Two Veterans standing in front of American flagsLearn MoreFinancial Resources for Veterans
Here’s a list of financial resources created especially for veterans. Having served our country, you deserve all this and more.
Schedule of Mortgage Servicing Fees
Each county charges a satisfaction fee when you pay your mortgage in full and this fee will be passed on to you. Satisfaction fees range from $60.50 to $750.00 depending on the county in which the property is located. Your actual satisfaction fee will be determined at the time of the payoff and the property location.
What Your Neighbors Are Saying
-
Image of couple speaking with a loan officerHVCU Member3 YearsThe team was experienced, knowledgeable, and respectful throughout the process. Overall great team.
-
HVCU Member40 YearsThe whole HVCU staff was personable and easy to work with. Never had any problems and everything was done in a timely manner. I couldn’t have asked for anything more.
-
Image of couple sitting with a loan officerHVCU Member3 YearsThe service was outstanding as were the rates. I had excellent communication from the mortgage team throughout the process, clear instructions and quick follow-up. I intend to move my accounts to HVCU due to the competence of my contacts.
-
Image of couple working with loan officerHVCU Member15 YearsLoan officer and other CU staff were very helpful. They answered our questions, explained options, and provided good guidance. Very professional.
-
Image of couple talking on the phoneHVCU Member20 YearsEveryone was very quick in responding, easy to communicate with, and overall a pleasant and easy experience.
We Are Here To Help
Important Legal Disclosures & Information
The tools and calculators on the HVCU website are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your financial circumstances are not guaranteed. HVCU does not provide tax, legal, accounting, financial, investment or other professional advice. The tools and calculators should not be used as a substitute for tax, legal, accounting, financial, investment or other professional advice. Your use of the tools or calculators does not assure the availability of, or your eligibility for, any specific product offered by HVCU or its affiliates. The terms and conditions of specific products may differ and affect the results obtained by using these tools and calculators. All financing is subject to credit approval. The default figures, amounts and information shown in the tools and calculators are hypothetical and may not be applicable to you. Please consult with qualified professionals to discuss your particular situation.
1APY=Annual Percentage Yield. The APY is 0.02%, effective as of 9/1/23, 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.
2Registration in the Homebuyer Dream Program does not guarantee approval of any mortgage through Hudson Valley Credit Union.