Bethpage Federal Credit Union is a New York-based lender that has a wide range of purchase and refinance mortgage options, as well as home equity lines of credit (HELOCs). Offering competitive rates and an online application process, Bethpage stands out for its 60-day rate lock on mortgage loans and $0 closing costs for HELOCs. You can also pay only interest on your HELOC for the first 10 years (the draw period). Bethpage is an excellent option if you want a low-cost mortgage or HELOC and prefer to apply online.
Loan types : Purchase, mortgage refinancing, and HELOC
Loan products :Fixed rate, adjustable rate, conforming, high balance, jumbo, FHA, VA, and HECM
Mortgage Minimum credit score : 620
Fixed-Rate Repayment terms : 10, 15, 20, 30 years
Adjustable-Rate Repayment Terms : 5, 7, 10 years
HELOC Minimum credit score : 670
HELOC Repayment terms : 5, 10, 20 years
For more information about Bethpage’s mortgage products, visit their website .
For more information about Bethpage’s HELOC product, visit their website .
Bethpage Federal Credit Union offers fixed-rate mortgages with terms as short as 10 years, which is great for borrowers who want lower interest rates. All mortgage offers come with a free 60-day rate lock. HELOCs have no closing costs, and you can pay only interest on what you borrow for the first 10 years.
The lender’s website displays starting interest rates for all loans, but you must contact Bethpage to get personalized rates.
The Bethpage mortgage application process is available online. To start, you have the choice to fill out an inquiry that includes your name and information about the type of loan you’re looking for or complete a full application. A loan officer will get in touch by phone to review your options and share your rate offers.
If you proceed with Bethpage, you will be able to take advantage of Bethpage’s state of the art Borrower Center which not only allows you to complete your mortgage application online but also check the status of your loan application in real time and use the secure digital portal to exchange documents you will need to such as proof of income, assets, homeowners insurance binders, tax bills and a contract of sale (purchase mortgage).
Bethpage offers a variety of options for home purchase mortgages, refinance loans, and HELOCs.
● Conventional loan : Conforming loan with a fixed or adjustable interest rate
● High balance loan : High balance loan with a fixed or adjustable interest rate.
● Jumbo loan : Loan of up to $3 million.
● FHA mortgage : Federally-backed mortgage with a minimum 500 credit score
● VA mortgage : Mortgages for active-duty service members, veterans, and eligible surviving spouses to finance a home with no down payment required, no mortgage insurance and more lenient credit requirements for those who qualify.
● Investment home mortgages : Mortgage for an investment property rather than a primary residence.
● Second / vacation home mortgages : Mortgage for a second home / vacation property rather than a primary residence.
For more information about Bethpage’s mortgage products, visit their website.
Bethpage offers current interest rates for all of its loan products on its website.
You can choose a 10, 15, 20, or 30-year repayment term for a fixed-rate mortgage or a 5, 7, or 10 year repayment term for an adjustable-rate mortgage. HELOCs are available with 5, 10, or 20-year terms.
Bethpage Federal Credit Union offers mortgages, refinance loans, and HELOCs with competitive rates and several outstanding features.
Mortgages are available with terms as short as 10 years for borrowers who want a lower interest rate. They also include a free 60-day rate lock. HELOCs come with no closing costs or origination fees. Plus, for the first 10 years of your credit line, you can opt for interest-only payments on your loan.
Bethpage makes it easy to access these loan products with a streamlined online application. Bethpage is a great choice for anyone searching for a home mortgage or HELOC.
Bethpage’s customer support is available by phone and through a secure messaging system from 8am-5:30pm (ET) Monday-Friday. You can also visit one of Bethpage’s 32+ branches in the Tri-State area, with more coming soon. To speak with a Home Lending Specialist, you can call Bethpage at 855-705-1353.