Rapid Refi Mortgage

• Pay off an existing mortgage faster with our Rapid Refi Mortgage program, with lower fixed rates and accelerated terms saving you thousands of dollars. Be mortgage-free sooner!
  • Low Fixed Rates (Up to 120 month term)
  • Terms up to 20 years
  • LTV’s up to 80%
  • Loan amounts up to $300,000.00
  • No closing costs
  • Bi-weekly automatic payments available at no extra cost
  • Application fee may apply

Rapid Reno Refi

• This product allows refinancing of any existing mortgage loans (if applicable) with funds out for renovation projects that will be completed by licensed contractors, allowing for up to 80% LTV of the property’s after improved value. Funds will be held by the credit union and disbursed directly to contractors as needed, final completion of work will be verified prior to final disbursement of funds. Further qualifications include the requirement of the borrower to have at least 20% existing equity in the property, prior to the renovations. Limited to 1-4 unit, owner occupied homes not listed for sale, residentially zoned properties located in Connecticut or Rhode Island, with a maximum loan amount of $300,000 and maximum renovation limit of $175,000. Rates listed above are for 750 minimum credit score. No traditional first mortgage closing costs and no tax escrow required. This loan requires a $500 upfront appraisal fee, $500 processing fee, and for the mortgage to be in 1st lien position at closing.
  • Refinance & borrow up to 80% of your home’s “after-improved value” Low Closing Costs
  • Low Fixed Interest Rates
  • Renovation Limits up to $175,000
  • Flexible Terms up to 20 years
  • Locally Processed & Serviced

Equity Builder Loan

• This product allows for funds to be taken out for renovation projects that will be completed by licensed contractors, allowing for up to 90% LTV of the property’s after improved value. Funds will be held by the credit union and disbursed directly to contractors as needed, final completion of work will be verified prior to the final disbursement of funds. Further qualifications include the requirement of the borrower to have at least 10% existing equity in the property, prior to the renovations. Limited to 1-4 unit, owner occupied homes not listed for sale, residentially zoned properties located in Connecticut or Rhode Island, with a maximum loan amount of $75,000. Rates listed above are for 800 minimum credit score. This loan requires a $500 upfront appraisal fee, with no other fees or costs, it can be in either first or second lien position.
  • Take a Home Equity Loan against your home for up to 90% of its “After-Improved Value”
  • Low Closing Costs
  • Low Fixed Interest Rates
  • Renovation Limits up to $75,000
  • Flexible Terms up to 20 years
  • Locally Processed & Serviced

Home Equity

• Our Fixed Rate product helps you access the equity that you’ve built up in your home. Use your home’s equity for any of your home improvement needs, as well as other personal expenses such as education, weddings, travel etc.
  • Low Fixed Rates
  • Flexible Terms up to 20 years
  • LTV’s up to 90%*
  • Loan Amounts up to $200,000
  • No Closing Costs

Home Equity Lines of Credit

• This program can meet your needs and provide for immediate accessibility of your home’s equity, when you need it. With an extended draw period, once your HELOC is opened, you can access your line whenever you need it for up to 10 years! You write checks directly from your HELOC checkbook as you need funds. See the Rates Page for today’s HELOC Rate.
  • No Application fees
  • No Closing Costs
  • No Annual Service Charge
  • No Teaser Rates
  • No Minimum balance requirements
  • Quick Closing!

Construction Loan

• A portfolio loan that allows 12 months building process at interest-only payments and with 30 years repayment at P & I with one closing. 12 month interest-only payments at 1% higher than market and moves back down to market rate once 30 year loan takes over.