Products & Services

Mortgages

Open the door to home ownership with an MCU Mortgage.

We have the mortgage loan options to suit your goals and budget.

Features & Benefits:

  • Conventional – Fixed 10 to 30 year terms
  • Jumbos - borrow up to one million dollars
  • High-Balance – higher loan amounts based on high-cost area limits
  • Fixed home equity loans
  • Financing for 1 to 4 Family homes, Co-op and Condo loans available
  • Equity Lines of Credit
  • Investment Property Loans
  • No Pre-Payment Penalties on our Conventional Loan product
  • Dedicated Mortgage Team to work with you throughout the process
  • Closings scheduled at most branch locations

Notices of Errors and Information Requests pertaining to your MCU Mortgage or Home Equity accounts must be put in writing and sent to the following address:

  • Municipal Credit Union
  • P.O. Box 1002
  • Church Street Station
  • New York, NY 10008 – 1002

Call 212-238-3521 to speak to an MCU Mortgage Specialist

Buying a home is an exciting milestone in a person’s life. However, for first-time homebuyers, the process can be confusing and understanding the expenses involved and how to obtain a mortgage can be overwhelming. Luckily, MCU and our team of Mortgage Loan Originators are here to help walk you through the first-time home buying process.

Call 212-238-3521 to speak to an MCU Mortgage Specialist

Refinance your home and lower your mortgage payments with MCU.

Features & Benefits:

  • Lower your monthly payment
  • Reduce your interest rate
  • Pay off your mortgage sooner
  • Convert to a fixed-rate mortgage
  • Pay for a major purchase or expense

Call 212-238-3521 to speak to an MCU Mortgage Specialist

From low interest rates to minimal closing costs and fees, MCU offers a variable Home Equity Line of Credit (HELOC) to meet our members’ needs.

Features & Benefits:

Features & benefits of an MCU HELOC include:

  • Rates as low as Prime
  • Line of Credit up to $500,000 and for 10 years
  • Up to a 20-year repayment term
  • 1 – 4 family “Owner Occupied” Residential Properties and Condos only
  • Financing in New York and New Jersey
  • Monthly statements are generated and sent to the borrowers

Notices of Errors and Information Requests pertaining to your MCU Mortgage or Home Equity accounts must be put in writing and sent to the following address:

  • Municipal Credit Union
  • P.O. Box 1002
  • Church Street Station
  • New York, NY 10008-1002

MCU Loan Originators are waiting to help you find a path to home ownership that works for you. Contact a Loan Officer by phone or e-mail, or click on the name of the Loan Officer you want to work with to be directed to their personalized website.

If you are having trouble making your MCU mortgage loan payments, we may be able to find a solution to help you prevent foreclosure.

Options

When you are having trouble making your mortgage payments, the sooner you get in touch with us the better. If you qualify for hardship assistance, there are several options available:
  • Repayment Plan — A fixed amount of time is given for you to repay the amount you are behind by adding a portion of what is past due to your regular payment.? Forbearance — Mortgage payments are reduced or suspended for a short period of time. You resume making your regular payments as well as a lump sum payment or additional partial payments for a number of months to bring the loan current.
  • Loan Modification — One or more of the terms of your mortgage contract are permanently changed to your payments more manageable for you.
  • Short Sale — The lender agrees to the sale of your property even though the balance does not cover the debt owed.
  • Deed-in-Lieu-of Foreclosure — With your servicer’s agreement, you voluntarily transfer property title to the servicer, in exchange for cancellation of the remainder of your debt. Getting Started

Getting Started

To request Hardship Assistance:
  1. 1. Contact us by calling 212-238-2370
  2. 2. You will be required to fill out and return a Borrower Response Packet
  3. 3. We will evaluate your situation and determine if you qualify. If you meet the eligibility criteria, you will be offered a Trial Period Plan.
  4. 4. If you do not qualify for a loan modification, we will work with you to explore other options available to help you keep your home or ease your transition to a new home.
Beware of Foreclosure Rescue Scams

Scam artists are stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure, or demanding cash for counseling services when HUD approved counseling agencies provide the same services for FREE. Read more

MORTGAGESAPR
30 Year Term - 360 Payments3.556%
Home Equity Line Of Credit3.50%
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Visit our Rates page for more information

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Routing Transit Number: 226078036

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Routing Transit Number: 226078036