Mortgages

Our Real Estate Loan Specialists

Whether you are purchasing your first home or refinancing your current mortgage, our Real Estate Loan 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.

Mortgage Team

Areas Covered	Real Estate Loan Specialists
Hinsdale Walmart Branch Keene Branch Loans in Vermont Apply Now with Jennifer Brooks	Jennifer Brooks Real Estate Loan Specialist 800.619.6575 ext. 7554 NMLS# 644376
Amherst Branch Hudson Walmart Branch Nashua Branch Apply Now with Carol Callihan, CMP	Carol Callihan, CMP Real Estate Loan Specialist 800.619.6575 ext. 2048 NMLS# 644374
All Branches and National Loans Apply Now with Robert Derrickson	Robert Derrickson Manager Real Estate Loan Originations 800.619.6575 ext. 8339 Cell phone: 603-812-1542 NMLS# 170208
Epping Walmart Branch Exeter Branch Portsmouth Branch Tyco Branch Apply Now with Krysten Fowler	Krysten Fowler Real Estate Loan Specialist 800.619.6575 ext. 2910 NMLS# 1703882
Bedford Branch Manchester Walmart Branch Apply Now with Matt Gallant	Matt Gallant Real Estate Loan Specialist 800.619.6575 ext. 2262 Cell phone: 603-957-8393 NMLS# 1132974
Derry Walmart Branch Salem Branch Salem Walmart Branch Apply Now with Lawrence "Larry" George, CMP	Lawrence "Larry" George, CMP Real Estate Loan Specialist 603.629.9898 ext. 7588 NMLS# 162531
Falmouth Branch All towns & cities in Massachusetts Apply Now with Jennifer Getzie	Jennifer Getzie Real Estate Loan Specialist 800.619.6575 ext. 7679 Cell phone: 603-957-8181 NMLS# 1529265
DHMC Branch Lebanon Branch Loans in Vermont Apply Now with Christopher W. Gilman	Christopher W. Gilman Real Estate Loan Specialist 800.619.6575 ext. 7643 Cell phone: 603-252-1011 NMLS# 644375
Berlin Branch Concord Walmart Branch Franklin Branch Gorham Walmart Branch Laconia Branch Lancaster Branch Plymouth Walmart Branch Apply Now with Kathleen S. Horgan	Kathleen S. Horgan Real Estate Loan Specialist 800.619.6575 ext. 2025 Cell phone: 603-812-3809 NMLS# 644378
All National Loans Grand Forks Branch Hampton Branch Newington Branch Portsmouth Branch Seabrook Walmart Branch Apply Now with Catherine O’Leary	Catherine O’Leary Real Estate Loan Specialist 800.619.6575 ext. 6945 NMLS# 1537580
Grand Forks Branch All National Loans Portsmouth Branch Portsmouth Walmart Branch Apply Now with Michael Schulenberg	Michael Schulenberg Real Estate Loan Specialist -National 800.619.6575 ext. 6587 NMLS# 313608
Pease Air National Guard Base Branch Pease Branch Rochester Branch Somersworth Branch Somersworth Walmart Branch Apply Now with Christine Wellington	Christine Wellington Real Estate Loan Specialist 800.619.6575 ext. 6959 NMLS# 1444729

Michael Mulhern
Asst. Vice President – Real Estate Lending
800.619.6575 ext. 8332
Cell phone: 603-234-3189
NMLS# 276051

Mortgage Rates

Click hereto find mortgage rates and products based on your unique needs. Our online loan consultant feature walks you through all the important steps of determining which mortgage is the best fit for you. to find mortgage rates and products based on your unique needs. Our online loan consultant feature walks you through all the important steps of determining which mortgage is the best fit for you.

0% Down Program

This program offers members 0% down on a home without the costly PMI for life that some loans carry. Talk to a Real Estate Loan Specialist today to see if you qualify!

Apply Now

HLPR Loans

Designed for first-time homebuyers, the SCU HLPR (Home Loan Payment Relief) Loan combines a low down payment with a below market interest rate, making the HLPR a great alternative to government loan programs, such as FHA. In addition, Service Credit Union will contribute up to $1,000 toward your closing costs. This combination of low down payment and discounted closing costs makes the HLPR loan a great option for many buyers who otherwise would be frozen out of the housing market because of high monthly payments or high down payment requirements. The HLPR loan is subject to certain maximum income restrictions, based on property location.

Apply Now

USDA Loan

Service Credit Union is pleased to be an approved mortgage lender for the Guaranteed USDA Rural Development loans. This program provides low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. This program provides loans at 100% financing to eligible rural homebuyers.

Apply Now

0% Down Program

This program offers members 0% down on a home without the costly PMI for life that some loans carry. Talk to a Real Estate Loan Specialist today to see if you qualify!

Apply Now

HLPR Loans

Designed for first-time homebuyers, the SCU HLPR (Home Loan Payment Relief) Loan combines a low down payment with a below market interest rate, making the HLPR a great alternative to government loan programs, such as FHA. In addition, Service Credit Union will contribute up to $1,000 toward your closing costs. This combination of low down payment and discounted closing costs makes the HLPR loan a great option for many buyers who otherwise would be frozen out of the housing market because of high monthly payments or high down payment requirements. The HLPR loan is subject to certain maximum income restrictions, based on property location.

Apply Now

USDA Loan

Service Credit Union is pleased to be an approved mortgage lender for the Guaranteed USDA Rural Development loans. This program provides low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. This program provides loans at 100% financing to eligible rural homebuyers.

Apply Now

Jumbo Loans

Service Credit Union’s jumbo loans allow you to obtain financing that exceeds Fannie Mae’s “conforming” loan limit, at competitive rates. The conforming loan limit for 2018, for a single family or condominium, is $453,100 for most locations. Any loan above $453,100 is considered a jumbo loan. For some locations, such as Rockingham and Strafford Counties in New Hampshire and many counties in Massachusetts, the limit is higher—typically $603,750 and up. Regardless of whether or not your loan is conforming or a jumbo, Service Credit Union has a program to fit your needs.

Apply Now

VA Loans

VA (Veterans Affairs) 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 Loan Specialists.

Apply Now

Real Estate Rehab Loan

This is a unique program for members who want their purchase and home improvement funds to come from one simple mortgage loan closing. Conventionally, a home improvement, or “rehab loan,” would require some equity down by the borrower, potentially up to 20%. Not so with SCU’s REHAB loan; renovation funds are available to cover the cost of improvements on a single family home that will enhance the value and the livability of the property. For example:

– Making energy improvements
– Addressing potential health and safety issues
– Upgrading rooms and increasing resale value to build more equity

How It Works:

• This program is a fixed-rate amortizing mortgage
• A general contractor with plans and specifications are needed to use this program
• A Service Credit Union account will be used to hold the loan proceeds to fund the project with multiple disbursements
• When the renovations are complete, you continue to pay the same principle and interest that you have paid since purchasing the property
• Call today to learn about our current competitive APR and low downpayment options on this loan so that you can open the possibilities of a newly renovated home with the use of SCU’s REHAB Loan. Bring it Home!

Apply Now

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.

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.

Apply Now

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