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*APR = ANNUAL PERCENTAGE RATE. 
THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.
Above APRs are based on loan amounts of $280,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

1Your mortgage interest rate is determined by a comprehensive assessment of your creditworthiness, encompassing your credit history, financial stability (including income), the loan amount requested, and other pertinent factors. It's crucial to understand that prevailing market conditions dynamically influence interest rates, and these rates are subject to change without prior notice. The final interest rate will be confirmed only upon full loan approval.

Authorization for Credit Information Access
Submitting your mortgage application constitutes your authorization for MCU to access and review your credit report and other relevant financial data obtained from authorized credit reporting agencies. This information is solely utilized to determine your eligibility for a mortgage. Please be aware that this credit inquiry may result in a minor, temporary impact on your credit score.

Promotional Rate Information
Should promotional interest rates be available, please note that these are offered for a limited time and are contingent upon meeting specific eligibility criteria. These criteria may include, but are not limited to: a minimum credit score, adherence to loan-to-value ratio thresholds, and specific loan purpose and property type requirements. It is important to understand that promotional rates cannot be combined with other discounts or offers; additional terms and conditions apply. For detailed information regarding promotional rates, please contact us at:

Phone Number
1-844-MCU-NYNY (1-844-628-6969)
(Option 2)

Loan Approval Process and Availability
The approval of all mortgage applications is subject to a thorough credit assessment, verification of the information provided in your application, and a satisfactory property appraisal. Available loan programs, interest rates, and terms may vary based on your location and may not be universally available. Further restrictions may also apply.

23% Down Payments 
Rates and terms are dependent on credit approval and loan-to-value ratios. A 3% down payment on a $250,000 loan amounts to $7,500. For complete details on mortgage rates and terms, please contact our Mortgage Lending Department . MCU requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

30.25% Rate Discount (EXPAND TO READ MORE)
The Rate Discount applies to eligible first-time buyers purchasing a primary residence with a conventional loan. Income and residency requirements must be met. Additional terms and conditions may apply.

4The Homebuyer Dream Program® (EXPAND TO READ MORE)
Municipal Credit Union (MCU) offers the Homebuyer Dream Program® (HDP) in partnership with the Federal Home Loan Bank of New York (FHLBNY), subject to program eligibility and availability of funding. Grants of up to $19,500 are available for first-time homebuyers to assist with down payments and closing costs. An additional grant of up to $500 may be provided for homeownership counseling expenses, payable to a participating nonprofit counseling agency.

Eligibility and program requirements apply, and participation is subject to approval by MCU and FHLBNY. Grants are limited and awarded on a first-come, first-served basis.

5$900 fee waiver (EXPAND TO READ MORE)
To qualify for the $900 fee waiver, mortgage applications must be submitted by 3/31/2025, close within 60 days, and include Promo Code: MTG2025 at the time of application.

6HomeAdvantage® Program Disclosure
HomeAdvantage® is not owned or operated by Municipal Credit Union (MCU). It is available to you through your MCU membership. Cash Rewards are available to members who register for HomeAdvantage® and use a real estate agent within the HomeAdvantage® network to buy or sell their home.
Cash Rewards are void where prohibited by law or the lender.
Please consult with MCU for details on how the program may apply to you.

Important Notes:
Offer valid for eligible mortgage products only.
The lender reserves the right to amend or terminate this promotion at any time without prior notice.
All loans are subject to credit approval and additional underwriting requirements.
Other restrictions may apply.