According to Bob Lund, the vice president of residential lending at Bethpage Federal Credit Union, closings costs for a refinance can total around 2% to 3% of the overall amount borrowed. One- to four-family, owner-occupied, primary residence only. Closing cannot take place until both of these forms match exactly. Bethpage Federal Credit Union began its life in 1941, when employees of the aeronautical engineering company Grumman Corporation joined together in Farmingdale, Long Island to form the Grumman Plant Federal Credit Union. Sr Underwriter JPMorgan Chase. Rates are very competitive. While both banks and credit unions offer mortgages, the best mortgage refinance rates are often offered by credit unions to their members. Home Equity Product Manager Bethpage Federal Credit Union August 2014 – May 2017 2 years 10 months. 04-16-2015, 02:19 PM shera11375 : 157 posts, read 244,014 times Reputation: 93. This type of loan is usually associated with federal government student loans. Questions; Jobs + More about Bethpage Federal Credit Union close. Bethpage has over $9.2 billion in total assets. The calculator also provides an amortization schedule. But watch out if you miss payments and have accounts with Bethpage. (more) Join Bethpage Federal Credit Union and utilize our free credit review company. Every one who works at this location is super nice. It has an A+ rating because it has responded to 25 out of 30 complaints. We serve a member base. 32 East 31st Street, 4th Floor, Bethpage charges no closing costs, application fees or origination fees. Skip over sub-menu? Generally, a homeowner will refinance their mortgage when they want to access some of the equity in the home and/or are looking for new loan terms that can improve their short- or long-term financial picture. Initial Draw Amount: View Details More Info. Has anyone had experience closing with Bethpage? This means: It’s a good choice for people who need to borrow small amounts. Bethpage has a closing cost estimator to give you an idea of what you can expect. The enterprise eventually became Bethpage Aircraft Federal Credit Union in 1948 before adopting its current title in 1974. Bethpage Federal Credit Union is part of the CO-OP Shared Branch Network. Bethpage Federal Credit Union mortgage options, current rates, and application. Here are several common closing costs fees: Origination fee; Closing agent fee; Title report fee and insurance The actual closing costs may vary based on your credit history and finances, complete our on-line application and we'll prepare an interest rate and closing fee quote especially for you! Bethpage Federal Credit Union offers home equity lines of credit (HELOCs) with the option to convert some or all of your HELOC to a fixed-rate home equity loan. Homeowners will want to regularly check with lenders to find the best mortgage refinance rates. Bethpage Federal Credit Union. Bethpage Federal Credit Union 3.500 % $25,000 Learn More More Info: Home Equity rates and terms are subject to change without notice. COVID-19 Updates. I used the rebate to make my first month’s mortgage payment, which I always highlight during our monthly homebuyer seminars,” said Nunley. It's not that much higher than others like Teachers, but staying with the same company we avoided the $2k+ mortgage tax. There are a variety of benefits to refinancing a mortgage. For a limited time, when you apply for a Bethpage Mortgage, you'll receive $500 off your closing costs on any home purchase! New York, NY, 10016. Advertisement. This is the loan solution offered by your credit union. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Learn More . Use the calculator below to calculate your monthly home equity payment for the line of credit from Bethpage Federal Credit Union. You can also complete a full application online. Join Bethpage Federal Credit Union and utilize our free credit review company. Sep 2012 – Sep 2014 2 years 1 month. It’ll automatically restrict your account and deny access to your funds until you’re current again on your loan. Pension info etc. New purchase or refinance; cannot be used to refinance existing Visions Federal Credit Union debt. Membership: The credit union is a community-based financial institution. Bethpage Federal Credit Union fees. That's because credit unions are nonprofit and the members are also the owners. Lenders sometimes offer “no-closing cost loans” where they will cover the upfront closing costs, but charge a higher interest rate over the lifespan of the loan. Any recomendation of a bank. NMLS ID: 449104. Talk to Bethpage Federal Credit Union. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. Any other input? Outside of the loan itself, homeowners should also be sure to pay attention to fees. Fixed-Rate Mortgages — set principal and interest payment for the life of the loan Bethpage Federal Credit Union has been open since 1941. Bethpage Federal Credit Union is a brick-and-mortar institution offering a range of lending products. Loans are fast and easy!" Today, it serves over 405,000 members. Contact & Support. 36K likes. Visit this page to learn about the business and what locals in East Northport have to say. Questions; Jobs × Follow Bethpage Federal Credit Union Get email updates about new reviews. 3 years. In addition, BECU credits $250 to the member's closing costs. : 1291 1-12 Pg. Every homeowner has a preferred rate that fits their budget, so it is important to do the proper due diligence before deciding if refinancing is the best option. Bethpage Federal Credit Union, Bethpage, New York. Some requirements include proof of employment, credit history, and an appraisal of the property. Most of its members live in Long Island, New York. However, you’ll need to repay the closing costs you would’ve paid if you close your HELOC within 36 months. [* 5] Bethpage Federal Credit Union v Terry, et. Maximum mortgage dollar amount funded is based on region and property value. You can also call. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. It doesn't charge any origination, application, or appraisal fees on loans under $500,000, making it a competitive option for those seeking a loan in this price range. Mortgage Loan Originators at Jovia Financial and their unique identifier numbers (NMLS ID#) can be found here. For most loans, borrowers should have a credit score of at least 680 to mid-700s for the best rates. Closing costs vary by state and circumstance. While both banks and credit unions offer mortgages, the best mortgage refinance rates are often offered by credit unions to their members. 2.990% Intro APR. Lobbying in 2018: $40,000. We didn't end up going with them because of their $7k closing costs. 3.500% After Intro Period Intro Period: 12 months: 3.500% Rate: $25,000 Min. Bethpage Federal Credit Union opened its doors in 1941. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Products are subject to change without notice, limitations may apply. Our goal is compete customer satisfaction. Optional, only if you want us to follow up with you. They have always helped me out with any questions or help. 10-10-2015, 07:38 PM GiveMeCoffee : 772 posts, read 625,491 times Reputation: 792. Bethpage Federal Credit Union is a federally chartered company headquartered in Bethpage, Long Island, New York.As of January 2017, Bethpage FCU is the largest credit union company in New York state and 16th largest in the nation with approximately $9.2 billion in assets, 405,700 members, and 38 publicly accessible branches throughout Nassau and Suffolk counties. At Finder, we value and respect our editorial independence. Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance. We keep our reviews completely factual so you can use them to make better decisions. After you apply for your loan, we’ll give you an official Loan Estimate with more precise charges. Not available in: AK, HI, MO, NH, NM, NY, SD, WV. You can adjust loan amount, interest rate, and the home equity term to view the impact on the monthly payment amount. If your ability to repay your credit union private education line of credit and/or loan has been directly impacted by the Coronavirus pandemic, you may request a special COVID-19 Forbearance*. In a recent announcement, Bethpage Federal Credit Union (Bethpage) launched a Real Estate and Home Rebate Program by partnering with CU Realty. I got a few quotes from 9,000 to 16,000, but they are all estimates. We may rely on information that is provided to us. No mortgage experience with Capital One. To become a member, you’ll need a $5 savings account, a Social Security number and a government-issued ID, such as a driver’s license. We may also receive compensation if you click on certain links posted on our site. Its Mortgage Quick Apply lets you fill in some basic information, and a mortgage specialist will help you with the rest of the process. We serve a member base. Full closing costs for mortgages will be listed in a loan estimate, which can be used to compare to no-closing cost loan estimates to see which option is best. Contact the Credit Union for further information. Anyone knows how much my closing cost my be? 5 As the plaintiff duly demonstrated its entitlement to judgment as a matter of law, the burden of proof shifted to Mr. Terry (see, HSBC Bank USA v Merrill, 37 AD3d 899,830 NYS2d 598 [3d Dept 20071). Cool 1. 8 Reviews; Salary New. As far as financial information, W-2s, paystubs, bank statements and tax returns are standard. In the greater New York City area last week, the Bethpage Federal Credit Union of Long Island was offering 30-year fixed-rate loans at 5.125 percent. We may also receive payment if you click on certain links posted on our site. The table below breaks down common costs and fees. Member is still responsible for certain mortgage settlement costs. 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