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Mortgage Loans

Finance the home of your dreams with a mortgage from NET.

Your Quote

Get your personalized price quote

Your Application

Fill out your loan application

Your Loan

Monitor and help get funded quickly

Competitive Rates

Low Fees

Local Decision

Fast Approval

Refinance

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First Time Home Buyer Program

We can offer you a variety of mortgage loan products with competitive rates and low closing costs. At NET, we realize that home ownership is a big financial step and we always have your financial well-being in mind. Our professional loan officers can help you determine the loan amount you can afford and also give you tips on raising your credit score before you start searching. When in the market for a new home, your first stop should always be NET Credit Union.

Benefits of a NET Mortgage

  • Competitive rates
  • Low fees
  • Terms up to 30 years
  • Local decisions – We understand our members
  • Fast approvals
  • Experienced mortgage lenders
  • Apply online in as little as 20 minutes.
  • Low fixed-rate and adjustable rate mortgage loans
  • Low down payment requirements
  • Assistance from our friendly, professional local mortgage loan officers
  • Home Possible and Home One Program loans (must meet eligibility requirements)

Mortgage Types

Conventional

This mortgage type has many term options making it great for refinance or a purchase.

  • Fixed or Adjustable Rates
  • 10, 15, 20, or 30 year Fixed Rates, ARM’s are available
  • Credit Score as low as 620
  • Down Payment as low as 3%
  • Max LTV is up to 97% LTV.
  • Property: Single Family, Manufactured
  • Primary Residence
  • Buy or Refinance

FHA

(Federal Housing Administration) Maybe you don’t have exceptional credit, or you’re just looking for a low down payment option (which can be gifted) – then this may be the best mortgage for you.

  • Fixed Rates
  • 15 or 30 year terms
  • Credit Score as low as 620
  • Down Payment as low as 3.5%
    (Can be gifted)
  • MAX LTV is 96.7%
  • Seller Assist up to 6% of sale price
  • Property: Single Family, 2-4 unit multi family, PUDS, Condos.
  • Primary Residence
  • Buy or Refinance

RD

(Rural Development) This mortgage is an excellent for low-to-moderate income and savings, who is looking to purchase in a designated rural area. Truly, zero-down loan. This is not limited to first-time buyers. 

  • Fixed Rates
  • 30 year term
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 6% of sale price
  • Property: 1-unit, Non-farm, Manufactured homes, PUDS, Condos
  • Primary Residence
  • Buy or Refinance

VA

Thank you for your service! This mortgage is for our brave veterans, active members and other military personnel!

  • Fixed Rates
  •  30 Year Term
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 4% of sales price
  • Property: Single Family, 2-4 unit multifamily, PUDS, Condos, Doublewides, Manufactured
  • Primary Residence
  • Buy or Refinance

Conventional

This mortgage type has many term options making it great for refinance or a purchase.

  • Fixed or Adjustable Rates
  • 10, 15, 20, or 30 year Fixed Rates, ARM’s are available
  • Credit Score as low as 620
  • Down Payment as low as 3%
  • Max LTV is up to 97% LTV.
  • Property: Single Family, Manufactured
  • Primary Residence
  • Buy or Refinance

FHA

(Federal Housing Administration) Maybe you don’t have exceptional credit, or you’re just looking for a low down payment option (which can be gifted) – then this may be the best mortgage for you.

  • Fixed Rates
  • 15 or 30 year terms
  • Credit Score as low as 620
  • Down Payment as low as 3.5%
    (Can be gifted)
  • MAX LTV is 96.7%
  • Seller Assist up to 6% of sale price
  • Property: Single Family, 2-4 unit multi family, PUDS, Condos.
  • Primary Residence
  • Buy or Refinance

RD

(Rural Development) This mortgage is an excellent for low-to-moderate income and savings, who is looking to purchase in a designated rural area. Truly, zero-down loan. This is not limited to first-time buyers. 

  • Fixed Rates
  • 30 year term
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 6% of sale price
  • Property: 1-unit, Non-farm, Manufactured homes, PUDS, Condos
  • Primary Residence
  • Buy or Refinance

VA

Thank you for your service! This mortgage is for our brave veterans, active members and other military personnel!

  • Fixed Rates
  •  30 Year Term
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 4% of sales price
  • Property: Single Family, 2-4 unit multifamily, PUDS, Condos, Doublewides, Manufactured
  • Primary Residence
  • Buy or Refinance

Super Conforming

These mortgages have a capped loan amount; but this mortgage extends the cap over $625,000! This mortgage type can be used for a second home and/or investment properties.

  • Fixed Rates
  •  30 Year Term
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 4% of sales price
  • Property: Single Family, 2-4 unit multifamily, PUDS, Condos, Doublewides, Manufactured
  • Primary Residence
  • Buy or Refinance

Home Ready

If you have little to no credit history and are ready to buy your first home (a primary residence) then this may be the loan for you!

  • Fixed or Adjustable Rates
  • 30 year Fixed Rates, ARM’s are available
  • Credit Score as low as 620
  • Down Payment as low as 3%
    (Can be gifted)
  • MAX LTV is 97% Fixed, 95% ARM
  • Property: Single family, Condos, PUDS, Manufactured homes
  • Primary Residence
  • Buy or Refinance

Home Possible

If your income is low-to-moderate and this is your first home purchase then this may be the best fit for you. Great for home purchases with reduced mortgage insurance.

  • Fixed or Adjustable Rates
  •  15, 20, 30 Year Terms, ARM’s are available
  • Credit Score as low as 620
  • Down Payment as low as 0%
  • MAX LTV is 100%
  • Seller Assist up to 4% of sales price
  • Property: Single Family, 2-4 unit multifamily, PUDS, Condos, Doublewides, Manufactured
  • Primary Residence
  • Buy or Refinance

Still not sure which loan type to apply for? Don’t worry, we’re here to help. 

Get the process started now and our experts will be sure to match you with the best options.

First Time Home Buyer Program

10 Tips for a First Time Home Buyer

  1. Start saving now. The more money you have for a down payment, the more comfortable you’ll be.
  2. Get your finances organized to help you determine a budget.
  3. Check and improve your credit score – ask us how!
  4. Get pre-approved for a NET Credit Union Mortgage.
  5. Find an experienced real estate agent you can trust.
  6. Scout out the ideal neighborhood for your family.
  7. Time to start house hunting.
  8. Consider all of the costs– home inspection, down payment, closing costs, etc.
  9. Make an offer and know your limits.
  10. Now it’s closing time. Congratulations, you’re a homeowner!

      Are you a first time home buyer?

      Buying a house is a big commitment and the process may seem overwhelming. Our experienced, member-focused mortgage lenders are here to help you every step of the way. At NET Credit Union, we are committed to making the mortgage loan process as stress free as possible for all borrowers. Our goal is to provide the highest level of service at competitive rates.

       Speak to a NET mortgage lender about the type of mortgage that best fits your needs. Fixed rate mortgage loans: When you opt for a fixed rate mortgage loan, your payment is fixed for the life of the loan. This makes monthly budgeting easy, as your payment will always be the same over the life of the loan. Adjustable rate mortgage loans: Although the interest rate on an adjustable rate mortgage may be lower now, it can fluctuate and will increase and decrease as the market fluctuates.

      Refinancing

      Are you you locked in a long term mortgage?

      If you’re locked into a 30-year mortgage loan, refinancing for a shorter term or for a lower or fixed rate might be worth exploring. The benefits of a shorter-term loan could include paying off your balance faster and saving on overall interest. Our experienced lenders can help you find the loan rate and term that makes the most sense for you. We can also help you determine if the time is right to refinance your home.

      Whether you’re buying your first home, upgrading to that dream home or refinancing to take advantage of lower rates or better terms, NET Credit Union is here for all of your borrowing needs. We understand that every home loan borrower is different and we are committed to helping you find the right mortgage product for your individual needs and budget. Make the process easier by getting pre-approved at the link above.

      Our goal is to provide the highest level of service at competitive rates. To speak to a mortgage professional, fill out the form below or visit a branch location to apply for a mortgage in person.

      Single Family Home

      Have confidence when you start looking for your home.

      Try our financial education courses so you know you’re making the right decisions when searching for your dream home. 

      Looking for Home Improvment?

      new kitchen Home Equity Loans
      Home Equity Loans

      Have a large home improvement project or big expense coming up?
      NET’s Home Equity Loans close in just 1 week!**

      New Backyard patio HELOC Loans
      HELOC Loans

      An open line of credit that can be used and paid down on an ongoing basis. It’s a flexible solution to meeting your changing needs over time.

      Raising Your Credit Score Before Buying

      NET can help you rasie your credit score so you can have the best rates possible on your future mortgage!

      Reach Us

      Our headquarters are here in Scranton; but with our ATM network, digital banking and mobile app – we’re conveniently where you need us.

      119 Mulberry Street
      Scranton, PA 18503

      570.961.5300

      bank@netcreditunion.com

      Please don’t send secure information

      Need Help Choosing The Right Mortgage For You?

      *All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.

      **One week timeframe begins the day we receive your completed application.   Closing delays may occur if:   Documents required for closing are not completed within timeframes established by the Credit Union, the property value cannot be readily determined,  events beyond the control of the Credit Union or the loan cannot be closed electronically.