At Holyoke Credit Union protecting our members information is our top priority. We will never ask for any personal information such as account or debit card numbers, online banking log-in credentials or PIN numbers. Never give out your personal financial information in response to an unsolicited phone call, text or email, no matter how official it may seem. If you ever have any doubts as to the validity of these communications, please call us directly at 413-561-9600.

100% LTV Home Loan

HCU’s newest home loan product, the 100% LTV (Loan-to-Value) Home Loan, is a great option for those borrowers who want or need to borrow up to 100% of their home’s value. A traditional mortgage only allows 97% LTV.

BENEFITS:

  • Fixed monthly payments for the life of the loan
  • Protection from rising rates because interest rate remains the same for the life of the loan
  • Don’t have to be a veteran to get 100% LTV
  • No income limits 

BEST FOR PEOPLE WHO:

  • Are First Time Home Buyers
  • Have no down payment
  • Have limited available funds

OTHER CONSIDERATIONS:

  • Eligibility criteria apply:
    • Borrow up to $424,100
    • 20-30 Year Term – must have credit score of 700 or greater
    • 20 Year Term or less - must have credit score of 680 or greater
    • Must be a single family purchase and primary residence (no condos)
    • Minimum of 1% borrower contribution towards closing costs, prepaids or minimum reserve requirements. Gift funds are permitted to meet minimum borrower contribution
    • 3% maximum seller contribution
    • Minimum 2 months reserves
    • Monthly Borrower-Paid Mortgage Insurance (MI)
    • Full documentation for employment, income and assets

Click on Mortgage Rates to see the current rates and any additional disclosures.