Bring your loan home.
At GSCU, you'll always deal with local service for the life of your mortgage loan.
GSCU made it very easy to secure a home and auto loan at reasonable rates and allow me to auto pay. They also stay on top of my escrow account and ensure that my insurance and taxes are always paid on time.
- Perry G.
Come On Home.
When you bring your mortgage to GSCU, your mortgage servicing stays with GSCU.
Local service for the life of your loan provided by your New Hampshire neighbors.
Apply Online 24/7
Featuring a set interest rate that remains the same for the life of your loan. A Fixed Rate Mortgage allows the borrower protection from sudden rate increases because the rate and payment stay consistent.
An Adjustable Rate Mortgage offers an interest rate that varies over time. Usually, this mortgage has a lower initial rate and payment than a traditional Fixed Rate Mortgage and allows borrowers more buying power when looking for a new home. These are also great for borrowers who don't plan on living in one place for a very long time.
Rates and payments of an Adjustable Rate Mortgage can rise over the life of the loan. It's important to consider how long you plan on staying in the house, how much you can afford, and if you could afford the payment if the rate increases.
FHA loans typically require a lower down payment, allow for 100% of the closing costs to be gifted and feature more flexible underwriting standards.
Are you a Veteran? Find out if you are eligible for a VA Guaranteed Loan, where you can finance up to 100% of the purchase price of an eligible property.
Apply for an FHA or VA Loan
Get preapproved or connect with a mortgage expert: firstname.lastname@example.org
*Certain qualifications may apply.
Closing costs vary based on the type of loan transaction, such as a mortgage refinance versus the purchase of a new home. Once you have applied, a mortgage processor will be able to give you a rough estimate of your expected closing costs.
In general closing costs typically range from around $3,500 – $4,000 dollars. This figure would include the appraisal fee, credit report fee, attorney’s fees, title insurance, and flood determination fee.
In addition to the closing costs, most mortgage loans require an escrow account for property taxes and homeowners insurance. The amount needed to fund this escrow account varies based on the annual cost of these bills.
A purchase has other costs that are added to the above, such as state transfer taxes, which are calculated at $15.00 per thousand of the purchase price. Typically this cost is split between the buyer and the seller.
Knowing what option is best for you, depends upon what you want to accomplish.
If you are purchasing a new home, a fixed rate option offers you a principal and interest payment that won’t change, while an adjustable rate offers a lower starting rate but will fluctuate with the market.
If you are refinancing, here are some things to keep in mind:
If you need assistance selecting the best product to fit your needs please contact our Mortgage Department at 1-800-645-4728 and we would be happy to assist you.
Starting the process is easier today than ever before. You can apply online or you can apply at one of our branches by sitting with a Member Service Representative. The application process can take from 30 minutes up to an hour to complete.
Whether you are looking to purchase your first home or refinance an existing home, we look forward to helping you through the process, every step of the way.
The mortgage process typically takes 45 days from date of application to closing.
Ready to own a home?
We get this is big. We're here to help you make it happen and answer your questions along the way.
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