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ALERT
Please be advised that the ATMs at our Georgetown branch, located at 2142 Ralph Avenue in Brooklyn, may be temporarily unavailable due to a planned electrical shutdown on the following dates:
 
Wednesday, 6/19 to Friday, 6/21, from 5 PM until 2 AM
Saturday, 6/22, from 1 PM until 8 PM

During these times, please visit one of our other local ATMs or use our Digital Banking platform. We apologize for any inconvenience this may cause.

MULTI-FAMILY HOMES

Loans for Family Homes, Co-Ops, and Condos

No matter what your ideal home type is, you deserve it!

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The MCU Difference: Loans for Family Homes, Co-Ops, and Condos

Not all home types qualify for conventional mortgages. If you’ve found your dream home in a co-op, condo, or other home type, our flexible mortgage options give you the lending capabilities to secure it. Together, we’ll find a mortgage that’s right for you.

Get Personalized Mortgage Assistance from our Team of Experts.

The mortgage process can be overwhelming, especially for first time buyers. Regardless of your experience level, our Lending Sales Specialists are here to help you make the best mortgage decision for your future.

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Mortgage Options That Won't Break the Budget

When you buy into a co-op, you’re entering the world of shared ownership, which has specific rules and regulations. We offer lending options for every type of new home pursuit, with low-interest rates and flexible terms.

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Saving for a 20% Down Payment? There’s Another Option.

Say "goodbye" to hefty down payments! Private Mortgage Insurance (PMI) reduces your initial required down payment below the typical 20%, making it easier than ever to say "hello" to homeownership. MCU members may be eligible for an exclusive offer—we cover the monthly PMI costs for you!

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Get Expert Support, When You Need It.

Connect with one of our Lending Sales Specialists to receive personalized support with all of your lending needs—just another perk of being a member of the MCU community.

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Carl Gayle

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Stephanie Rodriguez
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Stephanie Rodriguez

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Taurean Durham
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Taurean Durham

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Cesarina Pena
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Cesarina Pena

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 Arnold Allston
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Arnold Allston

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Xiang He Lin
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Xiang He Lin

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Michele Palmucci
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Michele Palmucci

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Sherry Munro
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Sherry Munro

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Jerrel Sturrup
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Jerrel Sturrup

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Stephanie Fernandez
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Stephanie Fernandez

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Emilio Sosa
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Emilio Sosa

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Warren Irons
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Warren Irons

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Shantell Wynn
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Shantell Wynn

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Gary Cotes
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Gary Cotes

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Pedro Lopez
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Pedro Lopez

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Sabrina Kilgore
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Sabrina Kilgore

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Omar Osoria
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Omar Osoria

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Adam Gonda
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Adam Gonda

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 Walter Skowronski
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Walter Skowronski

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Sean Remy
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Sean Remy

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Carlos Raposo
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Carlos Raposo

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Gabrielle Naughton
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Gabrielle Naughton

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Justyn Chery
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Justyn Chery

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Raquel Bhola
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Raquel Bhola

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Banking That’s Always by Your Side

Access the information you need, when you need it with our easy-to-navigate digital banking platform. Discover helpful tools and settings that make banking smarter, not harder.

Download the Mobile Banking App
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Explore Additional MCU Lending Options.

We work hard to ensure that our community heroes get the financial support they deserve. Whether you're buying a home, a vehicle, or something else, MCU is here to help you along the way.

 

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

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Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

All about Private Mortgage Insurance (PMI)

Have you heard of PMI? PMI, short for Private Mortgage Insurance, is an insurance policy that helps protect the lender if the borrower can't pay their mortgage. ...

What to Consider Financially As A First-Time Homebuyer

So, you’re ready to buy your first home. Congratulations! For many people, taking this step is one of the biggest financial moves they will make in their entire lives. Because of ...

Mortgages 101: Getting Started on The Path to Homeownership

When you embark on the search for a new home, you may think you know the steps to take: Read the listings, visit some open houses, sign on with a Realtor, make an offer. In fact, ...
FAQs

Get Answers to Our Frequently Asked Questions.

Is there someone that can help me with questions I have?

Yes! Our team is here to help you in any way we can. Feel free to connect with one of our knowledgeable MCU Lending Sales Specialists to get your questions answered today. Call: 212-238-3521.

How will a mortgage affect my credit score?

Getting a mortgage can be a benefit to your credit score in the long term!

Your credit score might dip when you initially take out your mortgage, but mortgages can improve your ‘credit mix’ and add to your credit history. Both of these will improve your credit score over time—something you likely won’t get when paying rent or a lease.

What happens if I want to move before I finish paying off my loan?

If you move before paying off your loan entirely, you are responsible for paying the loan in full at the time of the sale of your property.

Is it better to have a short or long term mortgage plan?

The answer to this question is entirely dependent on your financial situation. When thinking long-term, it is apparent that you will save more on the interest incurred over a shorter, 15-year mortgage than you would with a 30-year one. However, your payment for a 15-year mortgage will typically be higher and therefore depends on your ability to pay an increased monthly mortgage.

Ready to Purchase Your Dream Home?

Join now to get access to the competitive rates, savings products, and educational resources you need to secure an exceptional financial future—and the residential property of your dreams.

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