$0. NO UPFRONT FEES or POINTS ARE
PAID TO MEMBERS MORTGAGE*
*(the borrower must order / pay for their appraisal. A refund of $350 max is paid at the closing of the loan)
Our Mortgage Loan Program does not charge any upfront fees such as an application fee, a credit report fee, a processing fee, etc. No borrower paid points or borrower paid broker fees are charged. This provides a significant savings to the union members. We are paid for our services directly by The Lender!
Our competitors collect from both you and The Lender. they just don’t mention that part. thus, not the same Savings!
The borrower is required per HVCC to order and pay for their appraisal. A refund is provided at the time of closing ($350 max).
As in all mortgage loans, other costs do apply. Lender fees, Title Insurance fees, State/County related fees, settlements fees..etc.
A Summary of Mortgage Loan Closing Costs is Provided Below:
Members Mortgage Corp . was created in 1999, specifically to provide an honest and affordable Mortgage Loan Program to NYC ‘s Police and Firefighter Union Members and their families as a way of giving back to those who give so much of themselves. It was received enthusiastically by the union memberships and proved to be an immediate success. We were literally closing thousands of loans a year and the savings for the union members was staggering ! The popularity and integrity of the program was recognized by many and soon other unions were requesting the ability to provide the program to their memberships. Since then we have grown to over 150 unions participating in our program . and the program continues to Grow and Grow .
We have never waivered from our original mission of providing union members and their families a Honest Mortgage Program that has significant savings to them. To date, we feel quite proud of the fact that we have saved over $50 million in mortgage and related cost for union members and their families. A truly remarkable feat !!
Help us to continue to save union members money on their mortgage loan by helping us to.
SPREAD THE WORD . TELL A FRIEND . POST INFO AT WORK !!
We Are The Only “Union ONLY” Mortgage Loan Provder.
ALL UNION MEMBERS & THEIR FAMILIES ARE WELCOME. Active & Retired.
Buying a home is one of the biggest purchases most of us make. House hunting can be exciting and disappointing at the same time. Some people find the perfect home in three days, for others, it can take months.
We’ve seen it all. And we understand how you feel. Once you finally find the perfect home, let us help you quickly find the perfect mortgage.
A review of our Loan Programs appears on this website. Call or e-mail us and we’ll develop a personalized quote.
Are you already living in your dream home? Maybe it can be even dreamier with a lower monthly mortgage payment! Refinancing could be the way to go. Check it out with our Refinance Mortgage Calculator.
Or, try out our Debt Consolidation Mortgage Calculator to see if a home equity loan or second mortgage would work for you.
Buying a home is a big investment. We can be there with you every step of the way. Our company has been in this business for a long time, and we invite you to put our experience and expertise to work for you.