Real Estate Loans

Buying and owning a home is certainly a worthwhile financial goal, but some aspects of the process can be complex, expensive, and downright exasperating. We’re here to make this experience enjoyable – and to keep your stress level and payments low!

First Mortgage Loans

As members of the New York State Credit Union League, we use their agency, CUC Mortgage to provide Home Mortgage Loans and servicing for our members. Rates change daily. When it’s time for a new home purchase, or time to refinance an existing loan, call us first (716-634-3881) to get our current rate. Ginny or Ruth can help you get things started with prompt, personalized service in the credit union style. Click here for more information on CUC Mortgage

Home Equity Loans

We offer a fixed rate loan with a term up to 15 years when a mortgage is taken on the borower’s residence. The rate is established weekly and subject to change without advance notice. Pro-rated prepayment of closing costs is charged if the loan is prepaid off before the midpoint of the term of the loan.

Use the equity in your home to cover the cost of home improvements, education, medical expenses, debt consolidation or other major expenses. The interest paid on a loan which is secured by the borrower’s residence is usually tax-deductible. Be sure to check with your tax adviser.

A lien-only (no search) loan is available when the desired loan balance is less than $20,000. The available equity in the home must be substantially greater than the amount borrowed and the credit report and payment history of the borrower must be very strong.

Mini Home Equity Loans

A “Mini” Home Equity Loan is a convenient, affordable way to turn equity in your home into a ready source of cash for almost anything you need.

  • Finance amounts from $2,500.00 to $30,000.00
  • A fixed rate with terms from 36 months to 60 months
  • One time advance of funds
  • Up to 90% financing of funds
  • Use your home as security
  • No closing costs
  • Loan interest may be tax deductible

Do you need extra money quickly without extra paperwork or hassles? Do you own your own home? Inquire about a “Mini” Home Equity, it may be the perfect answer. Call our loan department for more information at (716) 634-3881. Certain terms and conditions apply.

Home Equity Line of Credit

This new service is an open end Line of Credit designed for members interested in a Home Equity Loan with the convenience of a line of credit. Members are able to take advances as needed, not just one lump sum. The term is available for up to 15 years and the rate is variable and is tied to prime rate. However, the rate may change only two times per year. It’s easy, convenient and the interest is tax deductible! Contact our loan department for more details.

Need help logging in? If you are having trouble accessing your account, or if this is your first time logging in to home banking, please contact the credit union office so we can help with the setup of your online account.