Mortgage & Home Equity

Mortgages and Mortgage Rates

Applying for a mortgage online is as easy as 1-2-3.

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Check today’s mortgage rates and get your own quick estimate. Then apply online in as little as 20 minutes. No matter where you are in your homebuying journey, we’re here to guide you through the process.

Calculate Your Payment

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

Mortgage Options

no closing costs

No Closing Costs Option

For a slight difference in the mortgage 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.1

calculating the down payment

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.

2 for 1 mortgage & home equity

Investment Properties (1-4 Family)

Our Investment Property Mortgage Loans allow homebuyers to expand their real estate portfolio with competitive rates designed for income producing properties.

80/10/10 and 80/15/5 mortgages

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

With an 80/10/10 or 80/15/5 mortgage, homebuyers secure a standard loan for 80% of the purchase price, contribute 5% or 10% as a down payment, and finance the remaining 10% or 15% through a separate second mortgage. This option helps buyers avoid Private Mortgage Insurance (PMI), potentially lowering their monthly mortgage payments.

ZeroDown Mortgage

Our ZeroDown Mortgage empowers homebuyers, especially those purchasing for the first time, to secure a home without the burden of an upfront down payment. This innovative product removes traditional financial barriers and provides a streamlined, supportive pathway to homeownership.

“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.2

Meet the Mortgage Team

Kim M. Campbell-Cino

Senior Mortgage Loan Originator

Office: (585) 453-7098
Cell Phone: (585) 615-1398
Fax: (585) 453-7216
Email: [email protected]

Apply Now

Rochester
Greece
Hilton
Penfield
Perinton

Buffalo
Clarence
Delaware/Hertel

Syracuse
Erie Blvd

Bruno Buttarazzi

Mortgage Loan Originator

Office: (585) 453-7225
Cell Phone: 585-203-5446
Fax: (585) 453-7216
Email: [email protected]

Apply Now

Rochester
Brighton
Henrietta
Irondequoit
Main/Winton

Syracuse
Cortland
Taft Road

Seneca Falls

Looking to Refinance?

Refinance with Cash-Out

A “Cash-Out Refinance” occurs when the amount of the new mortgage exceeds the amount needed to repay the first mortgage and associated costs. The borrower can choose to use the additional cash for a different purpose.

Streamline Refinance

If you have an existing Summit first mortgage, you may be eligible to streamline refinance to a new, lower rate mortgage with reduced closing costs. Certain restrictions apply so please contact us for more information.

TruStage Home Insurance

Protect the place you call home

Your home is one of your biggest investments. TruStage® Home Insurance can help you find quality coverage at competitive rates, giving you peace of mind and protection for what matters most. As a member of The Summit, you can get started with a free, no-obligation quote and explore coverage options tailored to your needs and budget.

Learn about TruStage Home Insurance

Need More Information?

For more information about mortgage products, including refinancing, contact us at (585) 453-7010, or submit the form below. We are happy to assist you.

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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 member of The Summit to apply. All terms and conditions may change at any time 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. 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.

2. Closing costs may include, but are not limited to, a title search, abstract redate, mortgage tax, filing fees, 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.

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