Mortgage Loans

Mortgage options, low rates and programs that fit your needs

MHV makes the home buying process easy with affordable Mortgage options and an in-house team of experts to guide you through the home buying process from pre-qualification to closing.

Ready to shop for a new home? Find out how much home you can afford with MHV’s online pre-qualification application.  You’ll receive an answer in just minutes at no cost or obligation to you. 

Apply for Prequalfication Now

Learn more about the types of loans we offer:

Fixed Rate Mortgages

A mortgage in which the monthly principal and interest payments remain the same throughout the life of the loan.

Adjustable Rate Mortgages

A mortgage having an interest rate that can change at designated intervals, based on a financial index.

SONYMA Mortgages

Qualified members can apply through the credit union for mortgages offered by SONYMA (State of New York Mortgage Agency) to purchase owner-occupied one to four-family properties in New York State. These mortgages offer several benefits including below market interest rates, up to 97% financing, and flexible terms. Learn more about SONYMA here.

Building Lot Loans

We offer building lot loans in amounts up to $150,000. Up to 80% of the purchase price may be financed.

Construction Loans

A short term loan that is used to finance the construction of a new home.  During the term of the loan the lender makes payments to the builder as the work progresses and the borrower makes interest payments on only the funds that have been disbursed to the builder. 

FHA Loans

Loans that are insured by the Federal Housing Administration (FHA) used to purchase or refinace 1-4 unit properties. Some benefits include low down payment options and flexibility if you have less than perfect credit.


Rates, terms and conditions subject to change without notice. All loans subject to credit approval.