Mortgages

As your mortgage partner, we'll make the home loan process a smooth experience. Our mortgage experts will help you choose the best options and get the best price for you. Tri Boro offers several different home mortgages to suit your individual needs. Whether purchasing a new home or using the equity in your present home, we have a loan for you.

Your Home Loan Toolkit, a step-by-step guide

First Mortgages

Tri Boro FCU offers mortgages for the purchase of your new home for terms of up to 30 years. We can finance up to 95% of either the appraised value or the sales price, whichever is lower.

Please call or email the Real Estate Lending Department for more information.

First Time Home Buyers Program

Don’t be an anonymous loan number! Here at Tri Boro, we work with you personally and want to know your story. Our loan department won’t let you sell yourself short by approving a loan you can’t afford. We will help you determine what you can actually afford, without having to change your lifestyle, so you can accomplish your home ownership goals!

Tri Boro FCU offers down payments as low as 3% with no hidden fees or broker fees! Have a down payment less than 20%? We may even be able to waive your PMI (Private Mortgage Insurance)!

To qualify for our First Time Home Buyers Program, you must not own or have owned property in the past (including as a co-borrower) and have a minimum credit score of 680.

Rates & Terms

First Mortgages
Effective Date: Saturday, December 21st, 2024
Financing up to 95% LTV
Duration	Rates as low as	APR*
10 Years	5.500% + 0 points	6.151%
15 Years	5.500% + 0 points	5.958%
20 Years	5.750% + 0 points	6.116%
30 Years	6.000% + 0 points	6.278%
APR - Annual Percentage Rate First time Home Buyer base rate 30 year 6.125%, APR 6.405%.* Borrower will pay all closing costs. There is an additional ½ point fee for cash out refinances. Loans over $550,000 will have 1/8% added to their base rate. Loans over 80% LTV will have Private Mortgage Insurance (PMI). Maximum LTV is 95%. All mortgage rates are subject to approval. Counteroffers may be made. $5,000.00 minimum on First Mortgage Loans and Home Equity Check Credit Loans. “No cash out” modification rates of Tri Boro loans are available. Borrower will pay a modification fee.

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