Check today’s mortgage rates, then apply online in as little as 20 minutes.
Senior Mortgage Loan Originator Office: (585) 453-7098Cell Phone: (585) 615-1398Fax: (585) 453-7216Email: email@example.com
Mortgage Loan OriginatorOffice: (585) 453-7019Cell Phone: (585) 217-2825Fax: (585) 453-7216Email: firstname.lastname@example.org
Mortgage Loan OriginatorOffice: (585) 453-8648Cell Phone: (315) 480-3154Fax: (585) 453-7216Email: email@example.com
Central New YorkErie BoulevardSeneca FallsTaft RdCortland
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
This is a great option for homebuyers who are interested in making a lower payment. Speak to a Mortgage Originator for details.
We offer 10, 15, 20, and 30 year terms for both primary and secondary residences.
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
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.
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.
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.
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.
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.
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 starts March 21st and all closings must be before November 30th.
Requirements to participate in the program include:
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.
For more information about mortgage products, including refinancing, contact us at (585) 453-7010 or (800) 836-7328 extension 7010, or submit the form below. We are happy to assist you.
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.
Not responsible for typographic errors.
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By accessing this link you will be leaving The Summit Federal Credit Union’s website and entering a website hosted by a third party vendor. The Summit has contracted with this third party vendor to provide you with certain services. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of The Summit. If you choose to conduct business here, you will be conducting business with the third party vendor’s website.
*As of January 25th, 2022, you will be required to validate your account before making a payment to The Summit via EZ Loan Pay