Personal Products & Services Personal Checking Savings Online Services Lending Autos Recreational Vehicles Credit Cards Mortgages Home Equity Loans and Lines of Credit EnergySmart Consumer Loans Neighborly Advice Purchasing a Home From House to Home Mortgage Options Questions?	Home Personal Products & Services Lending Mortgages	Print Friendly View
	Mortgages Come Home to NECU -- Your Trusted Neighbor With low interest rates and a buyer-friendly real estate market, now is a great time for first-time home buyers to purchase a house or condo of their own. It's also an ideal time to refinance an existing mortgage to a lower, fixed-rate mortgage. NECU knows that buying a home is a big step for anyone. We will work closely with you to select the mortgage options that will best suit your financial situation and your dreams for homeownership. The NECU difference:    NECU's friendly Mortgage Specialists will tailor a loan to meet your personal needs.    We will answer all your questions and guide you every step of the way, from application to closing, and beyond.   While some large, impersonal lenders can be hard to reach after the sale is done, we'll still be there to service your loan locally, when you're living happily in your new home.   You can make your payments by mail, by phone using QuikTel, online using CyberTel, or come in to a branch and make your payment in person. We'd love to hear how you're doing!   Your Best Choice for an Affordable Mortgage Option If you're shopping for a mortgage, look no further. NECU offers a variety of adjustable rate and fixed-rate mortgage programs:   Conventional Fixed-Rate Loans: NECU offers many options for terms, interest rates, and points. Reduced downpayment options available for qualified borrowers. 30- and 15-year fixed-rate1 plans offer monthly and biweekly payment options.    Adjustable Rate Mortgages: An adjustable rate mortgage (ARM) features lower initial monthly payments, making homeownership affordable for people just starting out in their first home. NECU offers 5/1, 3/1, and 1/1 ARMs with no closing costs.2   Home Loan Payment Relief: The HLPR mortgage helps homebuyers obtain an affordable mortgage with lower payments due to a discounted initial rate, no private mortgage insurance (PMI), and reduced closing costs. HLPR is a 3/1 adjustable rate mortgage.3   Please click on the links below for current rates, mortgage calculators, and online application forms.   Fixed Rate Programs Adjustable Rate Programs Current rates Current rates Free pre-approval Free pre-approval Apply online Apply online Mortgage Calculator Mortgage Calculator   For complete details on any of our mortgage options, please call us toll-free at 888-436-1847, stop by a branch, or click here to fill out an online form for a Mortgage Specialist to contact you.     Other Products and Services to Consider   Home Equity Options Home Owners Insurance

Subject to credit approval. 

¹Example: A 30-year fixed rate mortgage with 2 points; the rate would be 5.125% (with an APR of 5.340%). Based on a purchase price of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 monthly payments of approximately $544.49 (principal and interest), a finance charge of $98,834.16 bringing the total payment to $196,013.96.

¹Example: A 15-year fixed rate mortgage with 2 points; the rate would be 4.375% (with an APR of 4.6776%). Based on a purchase price of $125,000 with 20% down payment, the amount financed would be $100,000 with 180 monthly payments of approximately $758.62(principal and interest), a finance charge of $39,309.24 bringing the total payment to $136,551.74.

²The No Closing Cost offer applies to 5/1, 3/1 and 1/1 ARMs only. Borrower is responsible for payment of all property taxes and insurance and interim (prepaid) interest. In some cases, the borrower may incur the cost of repairs to the property in order to meet NECU collateral requirements, as a condition of credit approval. Member agrees to reimburse NECU for closing costs paid by us, if member prepays the loan within 2 years of closing. Contact a NECU mortgage lender for complete details on this offer. No Closing Cost offer may be withdrawn at anytime.

³Certain restrictions do apply. Subject to credit approval. Homebuyers at or below median income levels, exceptions for underserved areas. Family income limits of 100% of FNMA/FHLMC HUD median income published for Rockingham/Strafford counties in NH and York County, Maine. Escrows for Real Estate Taxes and Insurance is required. Minimum of one consumer credit counseling consultation required to underscore member's financial preparedness. Renewal rate (4th year) based upon one-year Treasury constant maturity, plus a margin added of 2.75%. This is subject 1% maximum annual cap, and a 5% lifetime cap from the original rate at inception of loan. The initial 3-Year rate will be set weekly by NECU, reflecting a discount from the national average of 3/1 ARM programs.

THIRD PARTY WEBSITES: Northeast Credit Union (NECU) does not provide, and is not responsible for, the product, service, or overall website content available at third party websites. NECU also advises members that NECU privacy policies do not apply to linked websites and that a viewers should consult the privacy disclosures on that site for further information.