FHA, VA & USDA Financing

We are now offering FHA, VA, and USDA mortgage financing through OwnersChoice Funding

 

FHA:

  • 3.5% down payment
  • All funds can come as a gift from a relative
  • 6% seller concession

USDA:

  • 100% financing, 6% seller concession permitted
  • All funds can come as a gift
  • Only for certain rural and suburban-area properties

VA:

  • 100% financing
  • Seller can pay all closing costs
  • Must be an eligible veteran

 

For more information please contact David at pooc.eeseneg@divad or call 585-461-2230 ext 10

The OwnersChoice website offers members many useful tools for the home buying or refinance process including:

  • FINANCIAL CALCULATORS to help you determine what you'd qualify to borrow, how long it would take to recoup your closing costs on a refinance mortgage, etc. Go to OwnersChoice Financial Calculators

 

  • OwnersChoice's Secure Online Mortgage Application streamlines the processing of your request. Go to the OwnersChoice Application Page to "Apply Online". Be sure to choose the "Albany" office when applying. 

 


Our Members make the difference.

Member Since 1982

"I decided to become a founder and a member of Genesee Co-op Federal Credit Union because I wanted to help create, support and benefit from a cooperative alternative to mainstream financial institutions. It's important to me to know that my money supports a non-profit, community-based, socially-responsible saving and lending institution. Now more than ever, we need alternatives to the mega-banks that have made such a mess of our economy. I'm proud to have been a part of an institution that has helped thousands of people enter the world of credit, improve their financial standing and be treated with dignity. It's great to have witnessed the credit union’s evolution from a small group of food co-op members into an institution that serves a member-ownership that's diverse in age, race, ethnicity and socio-economic circumstance."

David Knoll


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