LET US HELP YOU FINANCE YOUR DREAM HOME
MEET OUR MORTGAGE LOAN ORIGINATORS
Whether you’re looking to purchase a home for the first time, refinance your current loan or make upgrades to your current home, our team has you covered! Talk with one of our talented Mortgage Loan Originators to help guide you through the process. We feel the truest value we can offer you is the time our team takes to learn about you and your goals. We strive to find the perfect solution for your needs so we can offer you the best, most personal options available.
Erika
Rodriguez
Shawn Simmons
Se Habla Español
NMLS ID# 754583
845-391-2498 (cell)
erika.rodriguez@contacthf.com
NMLS ID# 19601
845-764-6076 (cell)
shawn.simmons@contacthf.com
Samantha Primo
NMLS ID# 1235728
845-394-7972 (cell)
samantha.primo@contacthf.com
"Sam not only responded to my inquiry quickly, but explained everything I would be looking at, why, as well as the possible final outcomes of each direction we could take. She was more than knowledgeable and available at all times. She was patient, kind, helpful, and never made me feel like a bother."
"Shawn Simmons went above and beyond during our refinance. He worked diligently with us, gave us all the information we needed for us to make informed decisions, and was in contact throughout the entire process from beginning to closing. He is an excellent loan officer."
"Erika was a great help in the loan process - she was responsive, kind and very knowledgeable. It was also great to speak with someone that spoke Spanish! "
MORTGAGE OPTIONS
Whether it is a conventional mortgage, refinance, 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 help – we’re easy to do business with!
Conventional Mortgage
Other Options
- 30 Year Fixed
- 20 Year Fixed
- 15 Year Fixed
- 10 Year Fixed
- 7/1 Adjustable Rate (ARM)
- 5/1 Adjustable Rate (ARM)
- Portfolio Loans
- Land Loans **Purchase or Refinance
- Home Ready Loans
- FHA Loans
- VA Loans
I want to refinance my Mortgage
MORTGAGE REFINANCE
Refinancing your existing mortgage can be a great option for you. Benefits may include lowering your rate, reducing your monthly payment or changing the term of your loan. Plan to be in your home long enough to benefit from the savings that a lower interest rate or payment could bring?
Refinancing might just be a great option for you!
Cash Out Refinance: A cash-out refinance allows you to use your home as collateral for a new loan, creating a new mortgage. This new mortgage pays off your current mortgage balance (if you have one), and you get paid the difference in cash. By cashing out you are tapping into the equity in your property. Cash out refinances are also applicable to those that do not have a mortgage. Speak to one of our Mortgage Loan Originators for more information!
Rate & Term: If you started out with a longer term mortgage such as a 30 - year fixed, you may want to reduce your term or change the type of mortgage you have in order to pay off your loan faster.
Land Loan Refinance: Land Loans - sometimes referred to as a lot loan – can be used refinance your existing land loan. If your current land loan has a higher interest rate, it might be a good time to refinance. Speak to one of our Mortgage Loan Originators for more information!
WHEN SHOULD I CONSIDER REFINANCING?
1.
Current Mortgage Rate is High:
If you took out a mortgage in a higher rate environment, but you are now in a lower-rate environment, it might be a good time to refinance and save on interest.
2.
Want to Tap into Home Equity
When refinancing, you have the opportunity to tap into your home’s equity and use the extra cash you save in the refinancing process to pay off high-interest debt, fund a large purchase, or have easy access to cash when needed.
CONVENTIONAL MORTGAGES
Conventional loans are one of the most common mortgage types. Conventional mortgages offer stability through fixed rates as well as flexibilty through adjustable rate options. While you can have as little as just 3% down payment, you can avoid paying private mortgage insurance (PMI) if your down payment is 20% or more. This can save you hundreds of dollars on your monthly mortgage payment.
Fixed Rate Mortgages: We offer fixed rate mortgages at 30, 20, 15 and 10 year terms. Fixed rate mortgages provide consistent expectations over the life of your loan. You lock in at a fixed rate that will not change, and provides many buyers peace of mind during market fluctuations.
Adjustable Rate Mortgages (ARM): We offer adjustable rate mortgages at 7/1 and 5/1 terms. ARMs offer a variable rate for a fixed amount of time. Once the fixed time passes, your rate is subject to change over the life of your loan. ARMs typically come with lower rates than those of fixed-rate mortgages.
Portfolio Loan: Need help in financing a purchase that is a little outside the standard or conventional mortgage? HFCU can help you. With financing options available to you and the comfort of knowing your mortgage is always held with HFCU, a portfolio loan might be right for your unique situation. Speak with one of our MLOs to see what can be done for your particular needs.
OTHER MORTGAGE OPTIONS
From Land Loans , Home Ready Loans and Portfolio Loans to Government based options such as FHA and VA loans, we have the options you need.
Land Loan: Land Loans - sometimes referred to as a lot loan – is used to finance the purchase of a plot of land or to refinance your existing land loan. You can take out a land loan if you’re interested in buying a piece of land to build a home or use for business purposes. The type of loan you take out will depend on where you’re buying land and how you intend to use the land. This is different from a construction loan.
Home Ready Loan: A loan product available to first-time or repeat home buyers that meet median income limits. These median income limits are based on the area in which a person resides, but tends to mean that you have a lower income. The borrower qualifies for a lower down payment and Private Mortgage Insurance Discounts. Down Payment is at 3%. Contact an HFCU Mortgage Loan Officer (MLO) to discuss options.
Federal Housing Administration (FHA) Loan: FHA loans have various qualifying requirements. They require a low down payment and FICO® score, but they can cost more over time because they require you to pay a fee called mortgage insurance. You can get an FHA loan from any FHA-approved lender. These loans are insured by the Federal Housing Administration (FHA).
Veteran Affairs (VA) Loan: VA loans are exclusively for veterans, eligible surviving spouses and active-duty service members. VA loans offer the opportunity to buy a home with no down payment or private mortgage insurance. Veterans Affairs (VA) loans allow for 100% financing of the appraised value on 1-to-4 unit, owner-occupied property. You must be an eligible veteran. And down payment ranges from 0-5%.
© 2024 HFCU • FEDERALLY INSURED BY NCUA • Equal Housing Opportunity