Mortgage Options for Purchasing

  • Fixed or adjustable rates
  • Low down payment
  • Gifts, grants and other approved funding sources may be used for closing costs
  • 1-4 family homes both owner occupied and investment (home)- does home make sense there?
  • Manufactured homes including double wide and modular homes.

Mortgage Options for Refinancing

  • Fixed or adjustable rates
  • Cash out refinancing

Construction Loans*

Finance construction of a new home.

The following guidelines apply:

  • Primary residence and vacation/second homes only (1-unit homes only)
  • Stick built or modular homes
  • Finance up to 80% of Loan to Value
  • Up to 5 draws for project
  • 12 month maximum construction period
  • Interest only payments during the construction phase
*Available in all counties in New York State except Bronx, Kings, Nassau, New York, Queens, Richmond and Suffolk. Members must meet qualification requirements and builder must be approved by Empower FCU. No escrow of property taxes and insurance required, unless the structure is in a flood zone. Other restrictions may apply.
All loans subject to approval. Rates, terms, and conditions subject to change. 
NMLS #412348


Mortgage Tools

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY, NC, SC and TN.

Empower Federal Credit Union rated 5-Stars by Bauer in 2023