MORTGAGES & Home Loans with AmeriCU

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

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

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

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

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

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%

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.

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

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