MORTGAGES & Home Loans with AmeriCU

The housing market may be shifting, but AmeriCU’s commitment to saving you money and helping you achieve homeownership hasn’t changed. Our local mortgage experts will be by your side from application through closing, answering your questions and guiding you every step of the way.

Whether you’re a first-time homebuyer, upgrading to a new home, or refinancing your mortgage in New York, AmeriCU offers competitive mortgage rates and flexible loan options to fit your life.

FHA Fixed-Rate Mortgage

An FHA loan makes homeownership possible for buyers who may not qualify for a conventional mortgage. Backed by the Federal Housing Administration, this option is especially helpful for first-time buyers.

Low down payment
Fixed rate for the entire loan term
Available on 1-4 Family Units

apply for an FHA loan today

First-Time Homebuyer Mortgages

Buying your first home? AmeriCU offers first-time homebuyer programs in New York, with grant opportunities and flexible loan solutions designed just for you.

Down payment assistance and closing cost grants
Homeownership counseling resources
Low down payment mortgage options

Contact an AmeriCU Mortgage Executive to get started today

Learn About new Homebuyer Programs

Adjustable-Rate Mortgage (ARM)

Lower your initial monthly payments with an adjustable-rate mortgage – a smart choice if you expect to sell or refinance before rates change.

Lower initial interest rate
Flexible terms
Mortgage insurance is required with less than 20% down payment

Contact an AmeriCU Mortgage Executive to get started today

apply for an arm

Construction Loans

Turn your plans into reality with a construction loan from AmeriCU. Build your dream home with financing designed for single-family construction projects.

Flexible terms
Interest-only payments during construction
Adjustable-rate options available

For current rates, contact an AmeriCU Mortgage Executive

learn more about construction loans

VA-Fixed Rate Mortgage

We’re proud to serve those who serve. VA loans allow qualifying veterans and active-duty service members to finance up to 100% of their home purchase with no down payment required.

No down payment for qualifying borrowers
Low fixed rates
Flexible terms

Contact an AmeriCU Mortgage Executive to get started today

apply for a va mortgage

Conventional Fixed-Rate Mortgage

Enjoy the stability of steady, predictable mortgage payments. A conventional loan is ideal if you’re planning to stay in your home long-term.

Down payments as low as 3%
10 to 30 year terms available
Mortgage insurance is required if your downpayment is less than 20%

View Current Conventional Fixed Rate Mortgage Rates

apply for a conventional mortgage

New Homebuyers

With flexible loan options for New Homebuyers like you. AmeriCU has several mortgage solutions for members who are in the market for the very first time, and programs and grant opportunities to help with your home purchase.

learn more about your first home!

Jumbo Mortgage Loans

Purchasing a larger property? A jumbo loan may be the right fit for you. AmeriCU offers competitive rates on loans exceeding $726,200.

Fixed or adjustable rate options
Flexible terms
Personalized guidance from mortgage experts

For current rates, contact an AmeriCU Mortgage Executive

get started with jumbo mortgage loans today!

SONYMA Mortgages

State of New York Mortgage Agency (SONYMA) helps make homeownership affordable for first-time homebuyers.

Competitive, fixed rates
Flexible credit requirements
Designed for first-time homebuyers

learn more about sonyma today

Homebuyer Dream Program (HDP) 2025*

The Homebuyer Dream Program offers up to $10,000 in grant funds for eligible first-time homebuyers in New York. These funds can be applied toward down payments, closing costs, and required homeownership counseling.

Eligibility requirements include:

First-time buyer (or no homeownership in the past 3 years)
Household income at or below 80% of Area Median Income (AMI)
Minimum $1,000 equity contribution
Completion of homeownership counseling
Commitment to live in the home for at least 5 years

learn more and apply today!

USDA Mortgages

USDA mortgages are designed to make homeownership affordable in eligible rural and suburban areas in New York. Backed by the U.S. Department of Agriculture, this program allows qualified borrowers to buy a home with no money down. Contact a mortgage executive to learn more!

No down payment required
30-year fixed-rate loan
Must be primary residence in USDA-approved area
Visit the USDA website for all eligibility information

apply for a usda mortgage

Financial Education

AmeriCU believes that knowledge is power – especially when it comes to buying a home. That’s why we’ve partnered with EVERFI, a trusted leader in financial education, to give you free access to tools and resources that can strengthen your financial confidence.

With EVERFI, you can:

Explore interactive courses on mortgages, credit, and money management
Learn how to budget for your new home and plan for the future
Access education anytime, anywhere, on any device

NMLS #: 1759409

Apply for a mortgage with me

Nimer Shehadeh

Mortgage Executive | Offices Located in Armory Square, Auburn, and Cortland

Phone: 315.356.3000 ext. 6383
Cell: 315.430.6615
[email protected]
NMLS #: 753265

Apply for a mortgage with me

AmeriCU Mortgage App

Seek preapproval in minutes, receive updates as you go, securely upload documents, and stay connected with your AmeriCU Mortgage Executive!

learn more

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Property Insurance

Your home is one of your biggest and most precious assets. Make sure you’re protected. Homeowners insurance covers damage from fire, theft, personal injury, vandalism, identity theft and many other losses.

learn more

Questions? Click the ‘Let’s Connect’ button in the bottom right-hand corner to get started!

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*Program Availability & Terms

Program begins February 10, 2025
Funds are limited and available on a first-come, first-served basis
No guarantee of approval
For full details, visit Federal Home Loan Bank of New York’s