Let’s Get You Home

Whether you’re looking to purchase a home for the first time or make upgrades to your current home, Heritage Financial Credit Union has you covered. We offer competitive rates on our mortgages, loans, and lines of credit. However, we feel the truest value we can offer you is the time our team takes to learn about you. We strive to find what you are looking to achieve and your current situation, so we can offer you the best, most personal options available.

Meet the Mortgage Team

What interests you?

Mortgages

HELOC

My Home Loan Funded, What’s Next?

We are so thankful that you chose HFCU for your home loan needs! In the loan process, you should have been informed that you will need to submit proof of insurance as a condition of your loan with us. To submit your insurance, check on your insurance status or view your insurance history, click the button below to be taken to our secure login page through MyLoanInsurance® to sign in using the Reference ID and PIN you were provided.  No reference ID or PIN? Call us at 845.561.5607.

Sign into MyLoanInsurance®

Mortgages made for you

Whether it is a conventional 30 year mortgage, FHA, or VA loan, look to HFCU to guide you  through the mortgage process easily and with an eye towards your goals. With excellent rates and fast, friendly service let Heritage Financial Credit Union help – we’re easy to do business with!

Apply for Mortgage

Type of First MortgageRate as low as 7APR as low as 7
Fixed Rate 30 Year Mortgage137.125%7.247%
Fixed Rate 20 Year Mortgage136.875%6.997%
Fixed Rate 15 Year Mortgage136.750%6.872%
Fixed Rate 10 Year Mortgage136.625%6.747%
Five/One Adjustable (5/1) Arm146.375%6.497%
Seven/One Adjustable (7/1) Arm146.625%6.747%

Mortgage Disclosures

7 APR=Annual Percentage Rate. Actual rate may vary based on credit worthiness and down payment, if applicable. All extensions of credit are subject to credit approval. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply.

13 Must be 1st lien position; appraisal is required. Must be 1- to 4- family dwelling, no manufactured homes. Maximum loan amount is $417,000. As an example: A 360 month term at a fixed rate of 3.75% with a 60% LTV would be $46.32 for each $10,000 borrowed. Taxes and insurance are not included; therefore the actual payment obligation will be greater.

14 ARM =Adjustable Rate Mortgage. Adjustable Rate Mortgages are variable and the Annual Percentage Rate (APR) may increase or decrease after the original fixed rate period.  That change can increase or decrease the monthly payment.  After the original fixed rate period the rate will adjust every 12 months (annually) for the remainder of the term of the loan  The APR will vary based on a predetermined index (as published in the Wall Street Journal or by the Federal Reserve) plus a margin and rounded to the nearest 1/8th of one percent.  The ARM loans have an annual adjustment cap of a 2.00% increase or decrease from the current rate and a lifetime cap of 6.00% from the initial rate.  Rates on 3/1 ARMs are fixed for the first three years and will then adjust every 12 months for then term of the loan.  Rates on 5/1 ARMs are fixed for the first five years and will then adjust every 12 months for the term of the loan. Rates on 7/1 ARMs are fixed for the first seven years and will then adjust every 12 months for the term of the loan.  Rates are subject to credit union lending guidelines.

Let’s make some improvements together

Take advantage of the equity in your home with Home Equity Loans and Lines of Credit from Heritage Financial Credit Union. We’ll help you finance home improvements or other major expenses. Whether you’re making home improvements, buying a car, paying for college, or paying off unplanned expenses. We have the Home Equity Loan and Line of Credit options to help you get more out of your home.

Apply for HELOC

Type of LoanTermVariable APR as low as 7, 9Fixed APR as low as 7, 9
Fixed Home Equity Loan11Up to 60 MonthsN/A6.00%
Fixed Home Equity Loan1161 to 120 MonthsN/A6.25%
Fixed Home Equity Loan11121 to 180 MonthsN/A6.75%
Fixed Home Equity Loan11181 to 240 MonthsN/A7.00%
Home Equity Line of Credit10, 1210 Year Draw, 15 Year Repayment8.00%N/A

HELOC Disclosures

7 APR=Annual Percentage Rate. Actual rate may vary based on credit worthiness and down payment, if applicable. All extensions of credit are subject to credit approval. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply.

9 All rates quoted include a 0.50% reduction for members who authorize payment of their HFCU loan through an automatic electronic funds transfer, debited from any account.

10 The maximum APR that may be imposed is 18.00%.

11 As an example: a 180-month term and a 70% total loan-to-value for a home equity loan with a fixed rate of 6.25% APR would result in an estimated payment of $8.54 for each $1,000.00 financed.

12 Subject to a 3.00% floor rate. There are certain draw down, balance requirements, and loan-to-value restrictions which may apply. For variable-rate loans, the APR may increase after consummation. Home Equity Lines of Credit closed out prior to their anniversary dates will be subject to the addition of all waived closing costs to the payoff balance.  The rate is based on the current published WSJ prime minus a margin of .50%.  The margin is based on credit worthiness and will vary.

Mortgages FAQ

How do I apply for a mortgage?

To apply for a loan with Heritage Financial Credit Union you must live, work, worship, volunteer or attend school in, or be a business or other legal entity located in Orange, Dutchess, Sullivan, Rockland, Pike, Sussex, or Ulster Counties, New York or have an immediate family member who is already a member of Heritage Financial Credit Union. You will be required to become a member prior to loan closing with a $0.01 initial deposit in a savings account.  Get started with your loan application online or visit us at your nearest branch, which can be found here. If you need more information, contact us.

What types of mortgages do you offer?

HFCU offers a variety of mortgage loans to best fit your needs. Please refer to the mortgage loans table for more information.

What is the rate for a mortgage?

The rate for a mortgage varies depending on the type of mortgage. Please refer to the mortgage loans table for more information.

What is the APR for a mortgage?

The APR for a mortgage varies depending on the type of mortgage. Please refer to the mortgage loans table for more information.

What is a FHA loan?

An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Less risk to the lender means more flexibility in guidelines, down payment requirements and most often lower rates.

What is a VA loan?

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs (VA). The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.

What is a conventional 30 year mortgage?

A 30-year fixed-rate mortgage is a popular program because it amortizes a mortgage loan over the longest period for lower payments. It’s also the best security against rising mortgage rates. If you’re staying in your home for 5 years or more, a 30-year fixed mortgage offers you the opportunity to keep payments consistent for the duration of the loan. Your monthly payment is based on your interest rate, your principal loan amount, and your actual interest amortized over 30 years.

HELOC FAQ

How do I apply for a HELOC?

To apply for a loan with Heritage Financial Credit Union you must live, work, worship, volunteer or attend school in, or be a business or other legal entity located in Orange, Dutchess, Sullivan, Pike, Sussex, or Ulster Counties, New York or have an immediate family member who is already a member of Heritage Financial Credit Union. You will be required to become a member prior to loan closing with a $0.01 initial deposit in a savings account.  Get started with your loan application online or visit us at your nearest branch, which can be found here. If you need more information, contact us.

What types of HELOC do you offer?

HFCU offers a variety of HELOC loans to best fit your situation. Please refer to the HELOC loans table for more information.

What are the terms (term-lengths) for a HELOC?

The terms for a HELOC vary depending on the type of loan, ranging from 5 years to 20 years. Please refer to the HELOC table for more information.

What is the variable APR for a HELOC?

The APR for a HELOC varies depending on the type of loan. Please refer to the HELOC table for more information.

What is the fixed APR for a HELOC?

The fixed APR for a HELOC varies depending on the type of loan. Please refer to the HELOC table for more information.