Whether you want to buy your first home, explore your mortgage options for purchasing a new home, or save on the mortgage you already have by refinancing your mortgage payments, The Summit Federal Credit Union has you covered. We offer a several mortgage and refinancing options to help our customers homeownership dreams come true!

Apply Now
Applying online is as easy as 1-2-3 and takes as little as 20 minutes! 

You can also stop into one of our local branches, or call the Summit team at (585) 453-7030 or (800) 836-SFCU extension 7030.


No Closing Costs Option1

For a slight difference in the interest rate, we will pay the typical closing costs associated with the new mortgage including the appraisal, credit report fee, attorney fee, title insurance, mortgage tax and recording fees.2

3% Down Payment Mortgage Option

This is a great option for homebuyers who are interested in making a lower payment. Speak to a Mortgage Originator for details.

Fixed Rate Mortgages

We offer 10, 15, 20, and 30 year terms for both primary and secondary residences.

One-Year Adjustable Rate (ARM) Mortgages

The initial rate on this mortgage is fixed for a one-year period. The rate is adjusted annually thereafter on the loan's anniversary date.

"2 for 1" Mortgage & Home Equity Combo

By opening both a Summit mortgage and a Summit home equity loan, buyers receive a special preferred home equity rate with no closing costs.1

80/10/10 or 80/15/5 Mortgages

With an 80/10/10 or 80/15/5, buyers get a standard mortgage for 80% of the purchase price, put 5% or 10% down, and borrow the remaining 10% or 15% in a separate second mortgage. This option let's buyers avoid Private Mortgage Insurance (PMI), possibly reducing their monthly mortgage payment.

First Home Club

Now The Summit makes it easier than ever to buy your first home.  For every $1 saved, you could be eligible to receive $4 in matching grant funds up to $7,500. Use the matching funds towards a down payment and closing costs for the purchase of your first home.

What are some perks of the program?

Receive up to $7,500 grant3.
Reduction in our Origination Fee by $100.
No PMI (Private Mortgage Insurance) required.

Not only will the First Home Club help you save money towards a down payment and closing costs, it also has a counseling course that helps you prepare to be a smart homeowner and establish the money management skills you need to be successful.

Who is eligible for the program?
In order to take advantage of this offer you must:
  1. Be a first-time homebuyer4.
  2. Have an income 80% or less of the median income level of your area.
  3. Open a dedicated savings account with The Summit Federal Credit Union and agree to save monthly for a minimum of ten months. The goal is to save a total of $1,875 over a 14 month time frame.
  4. Obtain mortgage financing from The Summit.
  5. Complete a homebuyer counseling program.
How to Get Started:

If you're interested in learning more about the First Home Club, call Andrea Thune (585) 453-8665 or (800) 836-7328 extension 8665 or email her at

The Summit is an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. All mortgage programs at The Summit Federal Credit Union require credit and property approval. You must be a Summit member to apply. All terms and conditions may change at anytime without prior notice. Mortgage loans are only available for owner-occupied 1-4 family properties located in New York State. The Summit Federal Credit Union, NMLS#: 454066 1 Closing costs may include, but are not limited to, a title search, mortgage tax, filing fees, abstract redate, flood certification fee, credit union attorney fee, and title insurance and are estimated to range from 3.0% to 5.0% of the amount borrowed. 2 Termination fees apply; buyer must keep mortgage for three years from the anniversary date of the mortgage recording to avoid repayment of the closing costs. If buyer pays off the loan prior to the third anniversary date of the mortgage recording, buyer must reimburse The Summit the costs of the fees it paid on the buyer’s behalf. 3 The First Home Club is a program provided through the Federal Home Loan Bank of New York to help members save money toward down payment and closing costs. Households may earn a grant of up to $7,500 towards down payment and closing costs by completing a dedicated savings plan through The Summit. A list of preliminary qualifications associated with the First Home Club can be found here. 4. A first-time homebuyer is defined as an individual who has had not owned a home during the 3-year period prior to the purchase of the new home.


Our low mortgage rates can help you refinance your existing higher-interest mortgage for valuable savings. You’ll lower your payments each month, and you could save thousands over the life of your loan. You may even be able to shorten the term to help you pay even less in interest costs in the long run.


Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency

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You must be a member of The Summit FCU to take advantage of its products and services
Serving Central & Western New York
2012 by The Summit Federal Credit Union. All rights reserved

Summit Online Access Enrollment

Enrolling in Online Access is easy - here's how:

If you don't have an Online Access PIN or need assistance, please call (585) 453-7030 or (800) 836-7328.