Town of Hempstead Employees Federal Credit Union

Real Estate Loans

When you are ready to buy your dream home, refinance your existing mortgage, or secure a home equity loan, make the Town of Hempstead Employees Federal Credit Union your first stop. We offer a variety of products to fit your financial needs. To discuss your options contact our Real Estate Specialist at (516) 867-2828.

First Mortgage*

Features:

  • Mortgages up to 80% of the appraised value
  • 15, 20, or 30-year terms
  • Low, competitive, fixed rates
  • Low start-up fees
  • Fast and easy processing
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Home Equity Loan*

The Home Equity Loan is designed to get you an infusion of cash for special events, home repairs, or debt consolidation by securing it against your home.

Features:

  • Loans up to 80% of the equity in your home
  • 5, 10, 15, or 20-year terms
  • Loan amounts up to $500,000
  • No closing costs**
  • Low, competitive, fixed rates
  • Fast and easy processing

Home Equity Line of Credit Loan (HELOC)*

Features:

  • Loans up to 80% of the equity in your home
  • 5-year draw period/15-year repayment period
  • Draw period extensions available upon approval
  • Loan amounts from $10,000 – $500,000
  • No closing costs**
  • Low, competitive, variable rates
  • Check writing access/convenience
  • Fast and easy processing

*Property Must be your primary residence

**Loans must remain open for a minimum of 36 months

OwnersChoice

For members who do not meet our mortgage qualifications, we will refer you to our Credit Union partner, OwnersChoice.

Nationwide Mortgage Licensing System and Registry (NMLS)

Secure and Fair Enforcement for Mortgage Licensing Act of 2008

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was passed to enhance consumer protection and reduce fraud through the setting of minimum standards for the licensing and registration of mortgage loan originators (MLOs).

Registration is required for all MLOs who work for an insured depository institution such as TOHEFCU.

The public may access the Nationwide Mortgage Licensing System and Registry (NMLS) at their website, www.nmlsconsumeraccess.org, for information about all MLOs who are either licensed or registered.

The registered MLOs who are presently employed by TOHEFCU are listed below with their unique identifier (NLMS ID number). This identifier will be needed to access information about a particular MLO.

NMLS Institution ID#: 768375

Employee Name: Beth A. Gibbons MLO Number: 799516

Employee Name: Theresa A. Margiotta MLO Number: 799536