Mortgages

At Service Credit Union, we have mortgages to suit every budget. Whether you’re a first time buyer or looking to refinance, we’re the experts you can trust.
Service Credit Union NMLS# 491588

Mortgage Loans/Rates

Home Equity

Mortgage Team

Home Loan Payment Relief

VA Loans

View Your Mortgage Online

Real Estate Rehab Loan

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To reach the Real Estate Mortgage Specialists please call (800) 619-6575.

Home Equity

Service Credit Union offers two types of equity lending: A fixed rate home equity loan or a variable rate home equity line of credit. To determine which one best suits your needs, first determine how the money will be spent.

Home Equity Loan

A fixed rate home equity loan is the better choice when you know the total amount of money you need and want to receive this money in a lump sum. The loan will be repaid over a three to fifteen year period with fixed monthly payments.*

Home Equity Line of Credit (HELOC)

A variable rate home equity line of credit is right for you when you want cash availability. This revolving line of credit enables you to access your funds by simply writing a check. (This option is available on owner-occupied property only.) You can write checks on your line of credit for up to 10 years with an additional 179-month repayment period.

*Home equity loan available at fixed Annual Percentage Rate (APR) of 4.509% as of 8/1/17; this includes a .25% rate reduction for a net payroll direct deposit and an automatic loan payment for the life of the loan. APR example assumes a 10-year $20,000 loan and results in 120 monthly payments of $207.18. Payment example does not include taxes and insurance; actual payment obligation will be greater.

Our Real Estate Mortgage Specialists

Whether you are purchasing your first home or refinancing your current mortgage, our Mortgage Specialists will take the time to explain all of the options, help you understand the lending process and assist you in making the choices most suitable for your needs.

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

Bedford Branch Manchester Walmart Branch	Lawrence "Larry" George, CMP Real Estate Loan Specialist 603.629.9898 ext. 7609 NMLS# 162531
Rochester Branch Rochester Walmart Branch Somersworth Branch Somersworth Walmart Branch	Matt Gallant Real Estate Lending Specialist -National 800.619.6575 ext. 2262 NMLS# 1132974
Salem Branch Salem Walmart Branch Derry Walmart Branch Hampton Branch Seabrook Walmart Branch Epping Walmart Branch Exeter Branch	Robert Derrickson Assistant Manager of Origination 800.619.6575 ext. 7588 NMLS# 170208
Nashua Branch Amherst Branch Hudson Walmart Branch	Carol Callihan, CMP Real Estate Loan Specialist 800.619.6575 ext. 2048 NMLS# 644374
Berlin Branch Lancaster Branch Concord Walmart Branch Plymouth Walmart Branch Franklin Branch Tilton Walmart Branch	Kathleen S. Horgan Real Estate Loan Specialist 800.619.6575 ext. 2025 NMLS# 644378
Lebanon Branch DHMC Branch	Christopher W. Gilman Real Estate Loan Specialist 800.619.6575 ext. 7643 NMLS# 644375
Keene Branch Hinsdale Walmart Branch	Jennifer Brooks Real Estate Loan Specialist 800.619.6575 ext. 7554 NMLS# 644376
Pease Branch Pease Air National Guard Base Branch Portsmouth Branch Portsmouth Walmart Branch Newington Walmart Branch TYCO Branch	Stephen Rewucki Real Estate Loan Specialist 800.619.6575 ext. 7694 NMLS# 849379
Falmouth Branch All towns & cities in Massachusetts	Jennifer Getzie Real Estate Loan Specialist 800.619.6575 ext. 7679 NMLS# 1529265
Grand Forks Branch All National Loans	Michael Schulenberg Real Estate Lending Specialist -National 800.619.6575 ext. 6587 NMLS# 313608 Catherine O’Leary Real Estate Lending Specialist -National 800.619.6575 ext. 6945 NMLS# 1537580

Home Loan Payment Relief (HLPR)

If you are purchasing a primary residence and your household income does not exceed the area median income, you are eligible for the HLPR program. This program is available for members residing in NH and portions of MA, ME and VT. The 5/1 HLPR Loan gives you:

97% financing on loan amounts up to $417,000
Lender contributes to closing costs up to $1,000
3% down payment*
Private mortgage insurance required

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*Interest rate as of 2/1/17 is 2.750% and is a variable rate that can increase annually after 5 years; the increase per year is capped at 1% with a lifetime increase cap of 3%. APR of 3.314% based on the following example. For a 30-year loan of $250,000 the monthly repayment schedule would be $1,179 in years 1-5, $1,295 year 6, $1,415 year 7, and $1,537 years 8-30, assuming the maximum rate increase allowed each year. Example assumes a 3% down payment, and does not include taxes and homeowners insurance. Estimated Private Mortgage Insurance payment is included and may vary. Actual payment obligation will be greater.

VA Loans

VA (Veterans Administration) Home Loans are government back mortgages programs that can help finance a home for our active and retired military members with little to no money for a down payment. These home loans programs are intended for the purchase or refinance of a primary residence.

To learn more about how you can obtain a VA Home Loan contact one of our Real Estate Lending Specialists.

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Real Estate Rehab Loan

Real Estate Rehab Loan offers members an affordable loan option to purchase or refinance a home and make necessary upgrades or repairs immediately. Renovation funds are available to cover the costs of improvements to single family homes that will enhance the value and the livability of the property.

Make Energy Improvements
Address Potential Health and Safety Issues
Improve Comfort and Enjoyment
Increase Resale Value and Build Equity

Apply Now