Mortgages and Mortgage Rates

 mortgage rates

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

Fixed Mortgage Rates

Rates as of: 05/23/2024

30 Year Fixed Rate


20 Year Fixed Rate


15 Year Fixed Rate


10 Year Fixed Rate


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Fixed Mortgage Rates

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.

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



Erie Blvd
Cortland / SUNY
Taft Road
Seneca Falls

Ebru Ekener-Le

Mortgage Loan Originator

Office: (585) 453-7037
Cell Phone: (585) 210-2375
Fax: (585) 453-7216


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

Fixed Rate Mortgages

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

2 for 1 mortgage & home equity

“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

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, 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.

adjustable rate mortgages

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.


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.

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 […]

Need More Information?

For more information about mortgage products, including refinancing, contact us at (585) 453-7010 or (800) 836-7010, 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 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.

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.

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.

1. A first-time homebuyer is defined as an individual who has not owned a home during the 3-year period prior to the purchase of the new home.

2. Members must meet qualification requirements and be a first-time homebuyer. Up to $9,500 for down payment and closing costs and $500 toward homebuyer education. HDP funds are distributed on a first come first serve basis. There is no guarantee that funds will be available when your Reservation Request is submitted. The grant is a Federal Home Loan Bank of NY program and subject to their approval.

The Homebuyer Dream Program® (HDP®)  is a registered trademark of the Federal Home Loan Bank of New York (FHLBNY).  Additional program details regarding the HPD are available on the FHLBNY’s website at

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