Real Estate Loans

Home Financing Made Simple

Whether you're buying your first home, refinancing, or tapping into your home's equity,  SUMA FCU provides personalized lending solutions with experts who guide you every step of the way.
 
✓ Member-owned credit union
✓ Serving members for 60+ years
✓ Personalized mortgage guidance
✓ Local lending specialists
 


Conventional Mortgages
Flexible fixed and adjustable-rate options 
 
Find the right mortgage term and payment structure for your budget and long-term plans.
 
  • Fixed-rate options
  • Adjustable-rate options
  • Competitive terms: 10, 15, 20, 30 years
  • Personalized guidance

 
 











First-Time Home Buyer Program
Making homeownership more accessible
 
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SUMA FCU offers programs designed specifically for qualified first-time buyers, including low down payment opportunities and no PMI options.

  • 5% Down payment with PMI
  • 10% Down payment No PMI for qualified borrowers
  • Personalized education and support in Ukrainian language




Investment & Multi-Family Properties
Build Wealth Through Real Estate
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Whether you're looking to generate rental income, diversify your investments, or grow your real estate portfolio, SUMA FCU can help you take the next step with confidence. Real estate can be a powerful tool for building long-term wealth and generating additional income. 








Home Equity Line of Credit (HELOC)
Put Your Home's Equity to Work
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Your home is more than just a place to live—it's a valuable financial resource. With a Home Equity Line of Credit (HELOC) from SUMA, you can access the equity you've built and use it when you need it most.
Planning a home renovation? A HELOC provides convenient access to funds through a flexible revolving line of credit.
Second Home Mortgage Program 
Make Your Vacation Home Simple and Possible
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Want a beach house, mountain cabin, or a seasonal home near family? SUMA FCU can help you buy a second home with a simple and clear mortgage process.
We work with you step by step and explain everything in easy terms, so you always know what to expect.
Mortgage Refinancing 
See If Your Mortgage Still Works for You
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Life changes, and your mortgage should work for your current needs. Refinancing with SUMA FCU may help you lower your monthly payment, take cash out from your home's equity, or change your loan term.
Our mortgage specialists will review your current mortgage and help you decide if refinancing is a good option for you.

Get Pre-Qualified Before You Shop

Know Your Budget With Confidence.
Start your home search with a pre-qualification from SUMA FCU.

✓ Stronger purchase offers
✓ Faster closing process
✓ Better understanding of affordability
✓ Guidance from mortgage professionals
 

Find a payment that feels like home

 

Mortgage Qualifier Calculator

Mortgage Loan Calculator

Adjustable Rate Mortgage Loan Calculator

Mortgage Refinance Calculator

 

Ready to apply for a Mortgage or Home Equity Line of Credit? 

For SUMA FCU members: please log in to your SUMA FCU Digital banking to submit a HELOC or Mortgage application. If you do not have access to SUMA FCU Digital banking or for more information, please fill out the form below or call/text the loan department at 914-220-4900.

  
*Required
 
Note: you will need the following information to complete your application:
  • W-2s (for the last 2 years)
  • Recent pay stubs (covering the most recent 30 days)
  • Complete bank statements for all financial accounts, including investments (for the last 2 months)
  • Signed personal and business tax returns (all pages and relevant schedules)