Mortgages

Home is where the happiness is

You should be excited about your new home. It's a place to make memories, celebrate good times, and relax with loved ones. At Great Erie, we want to help you enjoy every moment. We offer many mortgage types and can guide you to one that fits your personal finances and keeps monthly payments under control. All loans feature:

• Low interest rates and closing costs
• Secure online application process
• Access to government-backed loan programs
• Expert support and assistance throughout the application process
• Refinancing options available
• Learn more about our Mortgage Offerings

Fixed-Rate Loans

• Interest rate stays the same over the life of the mortgage
• Makes budgeting easier and more predictable
• Terms are available from 10 to 30 years

Adjustable-Rate Loans

• Benefit from lower initial interest rate
• After the initial period, the interest rate may be adjusted periodically
• Caps limit the size of rate increases

FHA (Federal Housing Administration)

• For borrowers who may not qualify for a conventional mortgage
• Down payments as low as 3.5% of purchase price
• One to four-unit homes eligible
• Excellent option for first-time homebuyers

VA Loans

• For eligible veterans, service members, reservists, and surviving spouses (under certain circumstances)
• Options featuring no down payment
• Private Mortgage Insurance not required
• Ceiling on closing costs

USDA

• For those who want to live in rural areas or certain suburbs
• No down payment required
• Fixed interest rates
• Check property eligibility online

**Government loan programs including FHA, USDA, and VA are available through our mortgage partner, OwnersChoiceFunding. Please contact us for more information.**

Great Erie Federal Credit Union is a full-service credit union serving the Buffalo and Erie County area including Hamburg, West Seneca, Orchard Park and East Aurora, New York.