Fixed Rate Mortgages

Recognized as the “traditional” mortgage, with a NEFCU conventional fixed rate loan, you’ll know exactly what your principal and interest payment will be. We offer Conforming and Jumbo fixed rate mortgages at a variety of terms.

Conforming Mortgages

• Flexible terms -- 10, 15, 20, 30, even 40 years
  
• Borrow up to $417,000, if you qualify (single family dwelling)
  
• Choose from traditional monthly and biweekly mortgages
  
• Down payments as low as 5% on owner occupied primary residences
  
• Purchases, Rate & Term, and Cash out Refinances available
  
• Financing for 1- 4-family homes, condos (excluding new construction) and townhouses in New York State*

Biweekly Mortgages

• May enable you to build up equity faster
  
• Payments are automatically deducted from your NEFCU account every 14 days, rather than paid monthly.
  
• Choice of loan terms, but you may not convert back to a traditional fixed-rate mortgage once you’ve closed*

Jumbo Mortgages

• Borrow from $417,001 to $1,500,000, if you qualify
  
• Choice of 15 and 30 year terms
• Down payments as low as 10% on owner occupied primary residences
  
• Financing for 1- 4-family homes, condos (excluding new construction) and townhouses in New York State*
  

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Want to know more? Speak to a representative at any NEFCU branch, or at 516.561.0030 or (800) 99-NEFCU outside the LI/NYC area to hear about the terms and conditions of this loan, subject to credit approval. NEFCU's loan program offerings can change at any time.