Mortgage Options

Buying a home is very exciting, but at times can seem overwhelming. Our welcoming Mortgage Specialists will personally help you plan, organize and decide on a home financing option that works best for you. We will take the time to explain what to expect every step of the way. And, we will be there for you from application to closing.

Conventional Fixed Rate Loans

Northeast Credit Union offers numerous options for term, interest rates and points. We have reduced down payment options available for qualified borrowers.

Adjustable Rate Mortgages

With an adjustable rate mortgage (ARM), you'll benefit from lower initial mortgage payments - than with a traditional 30-year fixed mortgage. Northeast Credit Union offers a variety of Adjustable Rate Mortgages - some with no closing costs¹.

Home Possible^sm Mortgages³

Northeast Credit Union is proud to offer Freddie Mac's Home Possible Mortgages with flexible credit terms for borrowers with less-than-perfect credit. Home Possible allows for low down payments and borrower contributions as low as $500. With a Home Possible loan, you could finance up to 100% loan to value; or 105% total loan to value with secondary financing.

Teachers, firefighters, law enforcement officers and healthcare workers can qualify for an increased buying power up to 30%.

Investment & Rental Homes Financing
Northeast Credit Union now offers mortgage financing for 1-4 family non-occupied properties. Eligible properties include:  single family dwellings, multiple family dwellings with 1 to 4 units non-owner occupied. Loan amounts are up to $417,000 for single family, and $801,950 for multi-unit properties. Terms of up to 30 years at a fixed rate.

For complete details, please contact a Mortgage Specialist at 1-888-436-1847.