MCU... The Mortgage Place

Whether you’re looking to purchase your first home or you’re a current homeowner looking to refinance or renovate, MCU makes it easy and convenient. With low interest rates and minimal closing costs the road to purchasing your first home, or managing the equity in your current home has just become a little more affordable.

First Time Home Buyer*

Conventional Mortgages from 10 to 40 years with fixed terms. We offer several products under the conventional loan program including 100% financing and 3% down payment.

Home Loan Payment Relief Program (HLPR) - designed specifically for first time home buyers. This product offers a low fixed interest rate and some closing cost assistance.

MyCommunity Mortgage Program - this program offers first time home buyers additional options.

Flex Program - ideal for first time homebuyers and others who have minimal funds for down payment and closing costs.

Jumbo Loans - members can borrow up to 1 million dollars.

Investment Properties - we offer programs that help members buy investment properties.

MCU’s First Time Home Buyer’s Seminars - allows you to meet with one of MCU’s Loan Originators who will assist you in the process of purchasing a home.


To learn more about MCU mortgages and lines of credit, you can click on the Mortgage Place, call 212-238-3501 or stop by your local branch.

Not a Member? Call 1-866-JOIN-MCU. You can Join MCU and apply for your loan in the same phone call.
Current Home Owner*

Resources for current home owners to get information/advice about products and services offered by MCU.

The Mortgage Place is a resource center that offers the following services:

  • The Loan Consultant is an easy-to-use, menu-based program that will help you determine which products and rates are best for you.
  • The Mortgage Process provides step-by-step information about what is required to refinance or get a home equity loan.
  • Calculators - allows you to play with the numbers to figure out which product will suit your needs.

MCU’s Loan Originator is a loan specialist that will take you from the beginning to the end of the process. They will review your options with you and help you determine which MCU product and rate is right for you. Call 212-238-3501 for this personal review today.

Refinancing - use the equity in your home to consolidate your debt or plan a home improvement project.

Home Equity Loan - allows you to borrow a specific amount for an exact amount of time.

Home Equity Lines of Credit - is a revolving line of credit that allows you to access your funds as you need them.

Second Mortgages - offered to members who are interested in purchasing a vacation/second home.

 
* Please speak to a Mortgage Specialist to determine which product suits you best.