Mortgages

Whether you are buying your first home or refinancing your current one, the mortgage professionals at Freedom Credit Union will help you every step of the way.

Freedom offers a few options for our members: fixed-rate first mortgages, Massachusetts Housing Partnership-One Mortgages, and jumbo first mortgages. For each mortgage option, there is no cost for pre-qualifications. Also, our closing costs are competitive with other financial institutions in Western Massachusetts.

Fixed-Rate First Mortgages

  • Financing available with as little as 5% down
  • 30-year term or flexible terms up to 20 years (see our rates)
  • Private Mortgage Insurance (PMI) premiums are discounted for credit unions
  • Available on 1-4 family owner-occupied properties
  • $149 processing fee paid by member at closing
  • Property and casualty insurance required
  • Flood insurance required if property in a flood zone
  • Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater

Massachusetts Housing Partnership - One Mortgages

  • 30-year fixed rate
  • 3% down payment, 1.5% of which can be from a gift
  • No PMI required
  • $149 processing fee paid by credit union at closing
  • Property and casualty insurance required
  • Flood insurance required if property in a flood zone
  • Income restrictions apply
  • Lower rates than conventional mortgages
  • For more information, contact any of the following Freedom employees:

Jumbo First Mortgages

  • Available on mortgages over $417,000 for a single family home
  • $149 processing fee paid by member at closing
  • Property and casualty insurance required
  • Flood insurance required if property in a flood zone
  • Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater