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MORTGAGES

From your first home to a jumbo loan, we have you covered

It’s probably the biggest purchase you’ll ever make, so you want to get home buying right. Service Credit Union can help you get a mortgage that’s suited for your unique needs. First-time homebuyer? We offer a program called Home Loan Payment Relief (HLPR) that features low down payments and below-market interest rates. Buying a fixer-upper? You can roll financing for the home and the renovation into one convenient loan. We’re also an approved lender for USDA and VA loans and can even get you into mortgages with no down payment.

Curious about homeownership? View this 6-minute lesson to determine your financial preparedness for homeownership.

Mortgage/Home Equity Rates

Rates effective as of: 9/25/2020 11:19:02 AM (ET).

PRODUCT RATE POINTS ANNUAL PERCENTAGE RATE
30 Year Fixed Rate Mortgage 3.250% 0 3.482%
15 Year Fixed Rate Mortgage 2.625% 0 3.040%
30 Year Fixed VA 3.250% 0 3.482%
7/1 Year Adjustable Rate Mortgage 2.875% 0.875 3.173%
30 Year Fixed Mortgage Construction Single Close 3.250% 0 3.449%
Home Equity Line of Credit 3.250% 0 3.250%
Rates posted are indications only and are subject to change without notice.
Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. 
The quotes above are based on a specific loan amount for the purchase of a single family primary residence.  
Please click on the Product Name for a Payment Example.
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First-Time Home Buyer

Buying your first home is a big step, but our loan experts have been there. They can help you determine how much house you can afford, and if you qualify for one of our zero-down loans with no private mortgage insurance. You might also be eligible for a Home Loan Payment Relief (HLPR) loan at below-market interest rates—including a $1,000 rebate on your closing costs—or a USDA rural development loan.

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Jumbo Mortgages

Jumbo mortgages are larger than the U.S. government will insure through Fannie Mae, so they typically carry higher interest rates. But we keep our jumbo rates competitive. The 2020 jumbo threshold is $510,400 in most locations, and we can help you find the right loan for you needs.

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VA Loans

Veterans Affairs Home Loans are government-backed mortgages to help active or retired military members buy or refinance a primary residence. Their big advantage is low or no down payments. Another advantage of a VA Loan compared to a conventional loan is that there is no monthly mortgage insurance.

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Real Estate Rehab Loans

Planning to buy a house that needs immediate renovation? This unique program gives you cash for both the purchase and the renovation in one simple fixed-rate mortgage.

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Home Construction Loans

We offer a single-close construction loan that allows you to purchase land and construct your home all with one loan. The construction loan offers an interest-only payment for a certain amount of time during the construction of the home.

Work with Your Own Personal Mortgage Specialist

Jennifer Brooks

Jennifer Brooks
Real Estate Lending Specialist
800.619.6575 ext. 7554
NMLS# 644376

Hinsdale Walmart Branch
Keene Branch
Loans in Vermont

Apply Now with Jennifer Brooks

Carol Callihan

Carol Callihan, CMP
Real Estate Lending Specialist
800.619.6575 ext. 2048
NMLS# 644374

Amherst Branch
Hudson Walmart Branch
Nashua Branch

Apply Now with Carol Callihan

Ryan Conroy

Ryan Conroy
Real Estate Lending Specialist
800.619.6575 ext. 2981
NMLS# 1921930

Grand Forks Branch
Newington Branch
Portsmouth Branch
Portsmouth Walmart Branch

All National Loans
Apply Now with Ryan Conroy

Rob Derrickson

Robert Derrickson
Manager Real Estate Loan Originations
800.619.6575 ext. 8339
Cell phone: 603.812.1542
NMLS# 170208

All Branches and National Loans
Apply Now with Robert Derrickson

Krysten Fowler

Krysten Fowler
Real Estate Lending Specialist
800.619.6575 ext. 2910
NMLS# 1703882

Epping Walmart Branch
Exeter Branch

Hampton Branch
Portsmouth Branch

Seabrook Branch
Tyco Branch

All National Loans
Apply Now with Krysten Fowler

Matt Gallant

Matt Gallant
Real Estate Lending Specialist
800.619.6575 ext. 2262
Cell phone: 603.957.8393
NMLS# 1132974

Southern New Hampshire
Apply Now with Matt Gallant

Larry George

Lawrence “Larry” George, CMP
Real Estate Lending Specialist
800.619.6575 ext. 7588
Cell phone: 603.957.2206
NMLS# 162531

Derry Walmart Branch
Salem Branch
Salem Walmart Branch

Apply Now with Larry George

Jennifer Getzie

Jennifer Getzie
Real Estate Lending Specialist
800.619.6575 ext. 7679
Cell phone: 603.957.8181
NMLS# 1529265

Bedford Branch
Falmouth Branch

Manchester Walmart Branch
All towns & cities in Massachusetts

Apply Now with Jennifer Getzie

Chris Gilman

Christopher W. Gilman
Real Estate Lending Specialist
800.619.6575 ext. 7643
Cell phone: 603.252.1011
NMLS# 644375

DHMC Branch
Lebanon Branch
Loans in Vermont

Apply Now with Christopher Gilman

Kathleen Horgan

Kathleen S. Horgan
Real Estate Lending Specialist
800.619.6575 ext. 2025
Cell phone: 603.812.3809
NMLS# 644378

Berlin Branch
Concord Walmart Branch
Franklin Branch
Gorham Walmart Branch
Laconia Branch
Lancaster Branch
Plymouth Walmart Branch

Apply Now with Kathleen Horgan

Michael Schulenberg

Michael Schulenberg
Real Estate Lending Specialist – National
800.619.6575 ext. 6587
NMLS# 313608

Grand Forks Branch
Pease Branch
Portsmouth Branch
Portsmouth Walmart Branch

All National Loans
Apply Now Michael Schulenberg

Christine Wellington

Christine Wellington
Real Estate Lending Specialist
800.619.6575 ext. 6959
NMLS# 1444729

Pease Air National Guard Base Branch
Pease Branch
Rochester Branch
Somersworth Branch
Somersworth Walmart Branch

Apply Now with Christine Wellington

Michael Mulhern

Michael Mulhern
Asst. Vice President – Real Estate Lending
800.619.6575 ext. 8332
NMLS# 276051
Apply Now with Michael Mulhern

Frequently Asked Questions

How long does the process take?

We routinely process and close mortgage applications within 30 days.  However, there are many variables that determine the length of the process, including how fast you respond to our requests for documentation.

It depends on many variables, including down payment amount, loan program and property type. We do not have a published minimum credit score, however if you are putting down less than 20%, and are not using the VA loan program, the minimum credit score is typically 620. 

Yes, we are a national lender!  We do mortgages in all states with the exception of Alaska, Texas and Hawaii.  Not all programs are available in all states. Construction loans are available only in NH and MA.

While it is possible that your loan will be sold (the standard Fannie Mae promissory note gives the lender the right to sell the loan), it is important to understand that we will still be servicing your loan.  We generally do not sell our loans (there are some exceptions), and even if we do, you will still be making your payments to Service Credit Union and we will still be handling your escrow account (if you have one).

Yes; if you have a direct deposit of your net pay into a Service Credit Union checking account, and set up an automatic payment of your new mortgage from your Service Credit Union checking account, you will be offered a discount of .125% off our posted mortgage rates.  This can save you thousands in interest over the life of your loan.

In certain circumstances, a co-signer is permitted.  However, we will require that the occupant borrower be qualified from a credit and ability to repay perspective. Generally, we require a co-borrower vs. a co-signer.  A co-borrower has the same liability as the primary borrower.

We do not have a specific bridge loan program.  However, we may be able to achieve a bridge loan through the use of a home equity line of credit on the house you will be selling.  This will depend on the amount of equity you have and your ability to qualify to carry the debt for your existing mortgage (if any), the home equity line of credit, and the mortgage on your new home.

We do not offer loans for rental properties.

We do not offer loans for manufactured housing (mobile homes) regardless of whether or not they are permanently attached to a foundation.

Hear From Our Happy Buyers

“I’m extremely impressed with how fast and smooth this home-buying process was with all parties involved, thank you.” – Kevin W., Sullivan, NH

“From start to finish, our refinancing mortgage was handled with courtesy and in a timely manner that was extended to us.” – Lawrence and Janet B., Wilton, NH

“I could not be happier with how Service CU handled my refi … I am truly happy I chose Service CU for all of my baking needs.” – Thomas R., Salem, NH

“Everyone did a great job. I would strongly recommend anyone to use Service CU. Thank you.” – Sergio Z, Peterborough, NH

“Excellent and professional service by all throughout the entire process. Well done.” Tim, Manchester, NH.”