Home Loans
Looking for a Home Equity Loan for your existing house? Click here.
Our Mortgage Officers are experienced, local experts who help members to find the home loan product that's right for them, under terms that are best suited to their needs and budget.
IMPORTANT NOTICE: Mortgage Disclosure Improvement Act
How are interest rates determined?
Click here to see how mortgage rates have fluctuated in the last 2 years.
Don't believe these Mortgage Myths
- Everyone must have a 20% downpayment in order to purchase a home.
This isn't true, as long as you have a history of paying your bills on time and a good credit score.
- Everyone must have a perfect credit score to qualify for a mortgage.
This isn't true either. What's more important is that you aren't overextended or overloaded with debt - now, or after you get your mortgage.
- All Adjustable Rate Mortgages (ARMs) are bad.
This is also not true. All ARMs offered by NEFCU have caps so you'll know in advance what your payments could eventually become. Depending on your circumstances, an ARM could help you to buy your first home.
The benefits of a NEFCU Home Loan:
- Competitive rates and great overall value
- Straightforward solutions that are easy to understand
- Free pre-approval
- Local service before, during and after
- Regular seminars to help you prepare
- Special discounts on Homeowners Insurance
Apply Online or call 866-80-LOANS. NEFCU has loans for these Property Types
NOTICE: As part of the loan application process, a
credit inquiry will be made in your name to one or more of the three
primary credit reporting agencies, Experian, Equifax, and TransUnion.
Be advised that these agencies may sell your consumer information to
third party financial institutions, including our competitors, for
marketing purposes. New England Federal Credit Union does not
participate in this practice in any way. You have the right to opt out
of the sale of your information by the credit reporting companies. For
full details regarding your rights and options, click here for more information.
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