Mortgage & Home Equity

Whether you’re purchasing a home or want to tap into your home’s equity, having someone you trust by your side makes a difference. The Summit’s experts will be there to help you through the whole process, from choosing the best option all the way to closing.

  • home mortgage

    Mortgages

    Check today’s rates, then apply online in as little as 20 minutes.

  • home equity

    Home Equity

    At The Summit, we are committed to delivering a “no surprise” and “no hidden cost” experience to our members. And you can count on clear, accurate and upfront communication throughout the home equity process.


Destination Summit:

Owning Your First Home

If you’re a first-time homebuyer or just need a refresher on the ins-and-outs of home purchasing, this is the place for you. We’ll break down every part of the process, provide helpful tips, and connect you with information to help your home dreams come true. 

Credit Ratings, Pre-Approvals and Offer Letters: Three Pieces of Your Home buying Puzzle

In your new homebuying journey, when you have found “the one,” there’s a three-piece puzzle to put together. The pieces are: a solid credit rating, preapproval for a mortgage loan, and an offer letter to officially bid on the home. Credit Report When considering you for a home mortgage loan, financial institutions will run a […]

Learn Common Home Buying Terminology

Reduce confusion when buying a home with some common terminology Buying a home involves many people working toward the same goal: to get you into your new home. These people will use lingo that you may not be familiar with, so take a look at this quick guide to homebuying lingo that can help you […]

5 Mistakes All First-Time Homebuyers Should Avoid

Every new homebuyer runs into questions and challenges that are hard to predict as they move through this first experience. Check out some of the most common mistakes that first-time homebuyers run into, and how to avoid the same situations in your homebuying journey. Buying more house than you can afford This one may seem […]

Homebuyer Dream Program

What’s more exciting than buying your first home? Getting up to $10,000 in grant funds for the down payment and closing costs1! The Homebuyer Dream Program started March 21st and all closings must be before November 30th.

Requirements to participate in the program include:

  • You are, or become, a member of The Summit Federal Credit Union.
  • You have not owned a home for three years prior to to the purchase of your new home.
  • Your gross household income is 80% or less than your area’s median income.
  • Your new home, purchased as your primary residence, is located in New York State.

To find out more about our Homebuyer Dream program, contact our Mortgage Team today at (800) 836-7328 extension 7010. We’ll give you the information and see if you qualify.

You can also fill out a quick questionnaire and someone will contact you with more information.