Mortgage & Home Equity

Mortgages and Mortgage Rates

mortgage rates

Applying for a mortgage online is as easy as 1-2-3.

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Check today’s mortgage rates, then apply online in as little as 20 minutes.

Fixed Mortgage Rates

Rates as of: 11/27/2024

30 Year Fixed Rate

RateAPRPoints
6.500%6.623%0.000%

20 Year Fixed Rate

RateAPRPoints
6.625%6.787%0.000%

15 Year Fixed Rate

RateAPRPoints
6.375%6.576%0.000%

10 Year Fixed Rate

RateAPRPoints
6.250%6.532%0.000%

Fixed Mortgage Rates

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

Meet the Mortgage Team

Kim M. Campbell-Cino

Senior Mortgage Loan Originator

Office: (585) 453-7098
Cell Phone: (585) 615-1398
Fax: (585) 453-7216
Email: kcampbell@summitfcu.org

Apply Now

Rochester
Greece
Hilton
Brighton
Main/Winton

Buffalo
Clarence
Delaware/Hertel

Syracuse
Erie Blvd
Cortland / SUNY
Taft Road
Seneca Falls

Ebru Ekener-Le

Mortgage Loan Originator

Office: (585) 453-7037
Cell Phone: (585) 210-2375
Fax: (585) 453-7216
Email: eekenerle@summitfcu.org

Apply Now

Rochester
Henrietta
Penfield
Perinton
Irondequoit

Mortgage Options

no closing costs

No Closing Costs Option

For a slight difference in the mortgage interest rate, we will pay the typical closing costs associated with the new mortgage including the appraisal, credit report fee, attorney fee, title insurance, mortgage tax and recording fees.1

calculating the down payment

3% Down Payment Mortgage Option

This is a great option for homebuyers who are interested in making a lower payment. Speak to a Mortgage Originator for details.

fixed rate mortgages

Fixed Rate Mortgages

We offer 10, 15, 20, and 30 year terms for both primary and secondary residences.

2 for 1 mortgage & home equity

“2 for 1” Mortgage & Home Equity Combo

By opening both a Summit mortgage and a Summit home equity loan, buyers receive a special preferred home equity rate with no closing costs.2

80/10/10 and 80/15/5 mortgages

80/10/10 or 80/15/5 Mortgages

With an 80/10/10 or 80/15/5, buyers get a standard mortgage for 80% of the purchase price, put 5% or 10% down, and borrow the remaining 10% or 15% in a separate second mortgage. This option let’s buyers avoid Private Mortgage Insurance (PMI), possibly reducing their monthly mortgage payment.

adjustable rate mortgages

One-Year Adjustable Rate (ARM) Mortgages

The initial rate on this mortgage is fixed for a one-year period. The rate is adjusted annually thereafter on the loan’s anniversary date.

Refinancing

Refinance with Cash-Out

A “Cash-Out Refinance” occurs when the amount of the new mortgage exceeds the amount needed to repay the first mortgage and associated costs. The borrower can choose to use the additional cash for a different purpose.

Streamline Refinance

If you have an existing Summit first mortgage, you may be eligible to streamline refinance to a new, lower rate mortgage with reduced closing costs. Certain restrictions apply so please contact us for more information.

Destination Summit:

Owning Your First Home

If you’re a first-time homebuyer or just need a refresher on the ins-and-outs of home purchasing, this is the place for you. We’ll break down every part of the process, provide helpful tips, and connect you with information to help your home dreams come true. 

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Need More Information?

For more information about mortgage products, including refinancing, contact us at (585) 453-7010 or (800) 836-7010, or submit the form below. We are happy to assist you.

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We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. All mortgage programs at The Summit Federal Credit Union require credit and property approval. You must be a member of The Summit to apply. All terms and conditions may change at any time without prior notice. Mortgage loans are only available for owner-occupied 1-4 family properties located in New York State. The Summit Federal Credit Union, NMLS#: 454066.

1. Buyer must keep mortgage for three years from the anniversary date of the mortgage recording to avoid repayment of the closing costs. If buyer pays off the loan prior to the third anniversary date of the mortgage recording, buyer must reimburse The Summit the costs of the fees it paid on the buyer’s behalf.

2. Closing costs may include, but are not limited to, a title search, abstract redate, mortgage tax, filing fees, flood certification fee, Credit Union attorney fee, and title insurance and are estimated to range from 3.0% to 5.0% of the amount borrowed.

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