First Mortgages for Purchase & Refinance
We work closely with first-time home buyers to help them get mortgage-ready and have developed ways to assist our lower-income members or those building their credit history to qualify for a mortgage. Homebuyer education workshops, one-on-one budgeting sessions and other resources may be arranged to assist members in preparing for home ownership.
Through our partnership with BALANCE, you can find a valuable financial education tool to help members thinking about becoming a homeowner. This program will cover everything you need to know in order to start the home-buying process off right.
We also recommend that you be in touch with one of the LOCAL Home Buyer Education (Pre and Post-Purchase) and Home Purchase Resource Partners in the area:
- Marketview Heights Neighborhood Association
- NeighborWorks Rochester
- Urban League of Rochester's Home Store
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.
- Click on this link for our current mortgage rates.
Our Members make the difference.
Member Since 1982
"I've been a member since the Credit Union was just Dave Knoll with a cardtable in the hallway of the old Genesee Coop on Saturday mornings. I've never been tempted to go anywhere else since that time, even though I now live thirty miles away. I like dealing with nice staff who know my name, who are eager to help, and who are dedicated to financial literacy and empowerment. Plus, it's good to know that my money is being used to invest in people rather than fill the pockets of the wealthiest.
In addition to savings and checking I've turned to the credit union for debit cards, line-of-credit, auto financing, on-line banking, and a home mortgage. I've now financed at least four cars through the credit union, and I've successfully encouraged friends to do the same.
One of my boldest statements ever in the face of raw financial power was when the car dealer required me to sit through a presentation on their financing. My response: "I'm a loyal credit union member, and I'll stick with it even if you offer me zero percent. If I ever get in trouble, the Credit Union will help me work it out, but you guys'll just send the collection agent after me." The guy just gulped and that was that.
And I don't want to forget to mention that as a Credit Union member I get to vote. Real democracy - awesome!
Genesee Co-op Federal Credit Union - it's the best deal in town!"