Mortgages

Whether you are buying your first home or refinancing your current one, the mortgage professionals at Freedom Credit Union will help you every step of the way.

Freedom offers several mortgage options for our members: conventional, FHA, USDA, and VA. For each mortgage option, we do not charge you an application fee and there is no cost for pre-qualifications. Also, our closing costs are competitive with other financial institutions in Western Massachusetts.

Conventional Mortgage

  • Financing available with as little as 5% down
  • 30-year term or flexible terms up to 20 years (see our rates)
  • Fixed and adjustable rates available
  • Private Mortgage Insurance (PMI) premiums are discounted for credit unions
  • Apply online

FHA

  • 3. 5% down payment – can be from a gift or a Down Payment Assistance Program (DAP). Check with your city or town to see if they offer a DAP.
  • No need to qualify for Mortgage Insurance Program separately
  • Lower rates than conventional mortgages (see our rates)
  • Non-occupied, co-borrower allowed
  • Debt-to-income ratio up to 55%
  • For more information, call Andy Inglot at 413-505-5762 or email him at ainglot@freedom.coop

USDA

  • No down payment required
  • Low monthly guaranteed fee required (lower than PMI on conventional or FHA loan)
  • Income and location restrictions apply
  • For more information, call Andy Inglot at 413-505-5762 or email him at ainglot@freedom.coop

VA

  • No down payment required
  • No monthly mortgage insurance – One time funding fee
  • For more information, call Andy Inglot at 413-505-5762 or email him at ainglot@freedom.coop