MORTGAGE AND HOME EQUITY

MORTGAGE & HOME EQUITY

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Home sweet home

BSCU has a home loan that matches your needs, no matter what your goals are! Buying a new home? Refinancing? Need a line of credit or home equity loan? Our low-cost financing options have you covered.

Mortgage Loans

For your home purchase needs please contact our partner, Owner’s Choice Funding, at (716) 839-0701.

Use the loan calculator to calculate payment.

Home Equity Line of Credit

A Home Equity Line of Credit offers the convenience of cash when you need it. It’s the ideal tool when you need to write a check for home or car repairs, remodeling or expanding, paying tuition, or consolidating debt. With Buffalo Service Credit Union, you can count on:

  • Easy application process
  • Borrow up to 85% of the equity in your home (less the remaining balance of any existing mortgage loan)
  • Draw on your line for 10 years with an additional 10 years for repayment
  • Variable rate Home Equity Line of Credit is flexible and easy to use
  • BSCU will pay your closing costs—you don’t need cash up front*

* Click here for Home Equity Line of Credit disclosures

 

To apply, download the application and return it with the supporting documents listed on the cover page.

Home Equity Loan

When you need financing for a known expense like a new roof or debt consolidation, a Home Equity Loan offers a fixed rate and a steady monthly payment.

  • Borrow up to 85% of the equity in your home (less the existing balance on any mortgage loan).
  • Financing is available up to 15 years
  • BSCU will pay the closing costs*

To apply, download the application and return it with the supporting documents listed on the cover page.

*Click here for Home Equity Loan disclosures

Use up to 100% of your equity with our Mini-Equity Loan

When your home’s equity is tight, our Mini Equity Loan is a great alternative to traditional home equity financing.

  • Borrow up to 100% of the equity in your home (less the existing balance on any mortgage loan)
  • Borrow up to $25,000 at a fixed rate
  • Pre-pay with no penalty
  • Pay nominal closing costs* (generally less than $520)

*Click here for Mini Equity Loan disclosures

To apply, download the application and return it with the supporting documents listed on the cover page.