Tools
Mortgage Loans
Whether you're a first time buyer, trading up or refinancing, we can customize a home loan to fit your specific needs. Our low interest rates and low closing costs set us apart from the competition. In addition, our Real Estate Guide offers tips and guidelines to help you turn a house into a home. No matter what your needs, we're here to help you make smart financial choices.
See also: Home Equity Products
Lending Community
To apply for a loan, you must qualify for Membership. In addition to making real estate loans within our field of membership, real estate mortgage loans may be made on property anywhere in Massachusetts or located within a 100 mile radius of the Credit Union's Lowell Office.
Loan Options
- Fixed Rate Mortgages
- Adjustable Rate Mortgages (ARM)
- Jumbo Mortgages
- Construction Loans (owner occupied)
- Second Home
- Land Loans
- Home Equity Lines & Loans (owner occupied homes only)
Mortgage Programs
- First Time Home Buyer
- Mass Housing
- Pre-Approval
- No Closing Cost
Eligible Mortgage Property Types
| Primary Residence | Second Home | Construction Loans | Land Loans |
| Single Family | Single Family | Single Family | Unimproved land that must be approved as a buildable lot with provisions for water and sewer. |
| 2-4 Family | - | 2 Family | |
| Condominium | Condominium | - |
Application Fees
| Item | Fee |
| Flood Zone Certificate: | $ 15 |
| Credit Report: | $ 20 |
| Single Family Home Appraisal: | $ 350 |
| Appraisal - Multi/High Val SFR: | $ 525 |
Application Checklist*
- Original Purchase and Sales Agreement signed by all parties
- Copies of pay stubs for the most recent 30-day period
- Copies of W-2s for the previous two years
- Two months complete bank statements for checking, savings, retirement accounts and mutual funds.
- For self-employed borrowers: A signed year to date Profit and Loss statement along with signed copies of the last two years federal income tax returns (personal & business)
- If refinancing, you will also need:
- Copy of Real Estate Tax Bill
- Copy of Homeowner's Insurance Policy
- Copy of Recorded Deed
- Copy of current first mortgage statement
*Additional documentation may be required due to the nature of your financial background.
Rate Lock Policy
The Interest Rate on mortgage requests via the internet will be held for seven (7) calendar days from the date the request acknowledgement is issued from the credit union to the applicant.
To secure the rate lock, the credit report fee and processing fee must be received at the credit union within seven (7) calendar days of the application. If the fees are not received within the specified time period, the rate will not be locked.
