CSEA Heroes Home Solutions
Essential workers power NYS and we’re proud to recognize your hard work.
CSEA Heroes Home Solutions are available to CSEA homebuyers, homeowners, and their families. Access an array of affordable lending solutions thanks to your status as a CSEA member!
- Buy the home of your dreams with a budget-friendly mortgage
- Reduce your payments or pay off your mortgage sooner
- Access cash for home improvements
- $500 cash back for homebuyers1
Your team at Broadview and its subsidiary, Homeowners Advantage, ease the way with the best CSEA Heroes Home Solutions for your budget and guiding you through the lending process.
30-Year Fixed
AS LOW AS
% Rate
% APR2
(70-Day Rate Lock)
7/6 ARM
AS LOW AS
% Rate
% APR2
(70-Day Rate Lock)
Fixed 10-Year HELOC
AS LOW AS
% APRˆ
5-year draw
What Would You Like to Do?
Purchase a Home
Get the support you need for this major purchase. We’ll explain the mortgage process and handle the details.
More than Great Rates
- Low Rate Mortgage Options
- Unique Solutions Built for You
- $500 cash back1
- Experts Provide Personal Service
Refinance and Save
Lower your monthly mortgage payment, pay off your loan earlier, or maybe even both. When rates are low, refinance your mortgage.
Help Every Step of the Way
- The Right Solution, Built for You
- Simple Application Process
- Cash-out Options
Home Equity Line of Credit
Seeking a way to remodel, cover college tuition, pay off high-interest debt, or another big expense? Explore how to refinance or tap your home's equity.
Pay for Large Expenses
- Fixed Rate or Variable Options
- Finance Options Up to 90% Loan-to-Value
- ZERO Closing Costs4
- No Appraisal Fee
Mortgage Solutions
 Fixed-Rate Mortgage Finance up to 97% of the purchase price (if qualified) and enjoy quick processing with same-day pre-qualification – if credit qualified. Flexible rates and terms are available. |
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 Multi-Family/Investment Financing options for investment and multi-family properties (up to 4-family units). |
 FHA Loan5 For first-time homebuyers with credit challenges, the FHA Loan offers a lower down payment. Sellers can provide up to 6% toward closing costs and pre-paid items. |
 VA Loan5 Eligible veterans can obtain up to 100% financing for owner-occupied properties (1-2 units). Sellers can provide up to 6% toward closing costs and pre-paid items. |
 Construction End Loan If you’re buying in a community and the builder doesn’t need cash during construction, this loan may be ideal. You can lock in the rate for up to 365 days. |
 USDA Rural Loan This program finances up to 100% of the property's appraised value with no mortgage insurance. Sellers can provide up to 6% toward closing costs and pre-paid items. |
 Jumbo Loan The Jumbo Loan features favorable rates, flexible terms, and dependable payments on purchases greater than $766,550. |
First-Time Home Buyer?
Buying a home can be a daunting task. The challenges of being a first-time home owner can be intimidating, particularly for people who are moving away from home, starting their careers and dealing with student loan debt. Here are a few guidelines to help take some of the stress out of your decision.
Refinance & Save
Refinance with Cash Out
If the value of your home is more than what you owe, you can borrow some of that "value." The way it works is you pay off your mortgage and receive the remaining funds in a lump sum (without taking out a second loan). You can use the money for anything you want. Home improvement and debt consolidation are popular uses.
Refinance with a HELOC
Refinancing your mortgage with a Home Equity Line of Credit (HELOC) is a popular option. A big benefit is you'll save up-front because there are no closing costs. Also, there is no appraisal fee or escrow commitment.
Home Equity Line of Credit
Fixed-Rate
Major Expense
Cover remodeling projects, college tuition, or another large expense with dependable payments you can budget.
| Access to Money (Draw Period) | 5 Years |
|---|---|
| Years to Repay (Term) | Up to 20 Years |
| Minimum Required | $10,000 |
| Loan to Home Value (LTV) | Up To 90% |
| Intro Rate | N/A |
Variable-Rate
Just in Case
Line up your Home Equity Line of Credit for peace of mind. Withdraw money if you need to cover a major, unexpected cost.
| Access to Money (Draw Period) | 10 Years |
|---|---|
| Years to Repay (Term) | 25 Years |
| Minimum Required | $10,000 |
| Loan to Home Value (LTV) | Up To 90% |
| Intro Rate | As low as 4.99% for 12 months2 |
Zero Closing Costs
Say no to all those fees! When we say zero closing costs, we mean it.4
- No fees for your HELOC application, appraisal, origination, mortgage tax, etc.
- Borrow up to 90% of your home's appraised value
- Competitive fixed and variable interest rate options
- Repayment term: Up to 25 years
Additional CSEA Products
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Full disclosures and terms will be provided during the Mortgage Program consultations. The summary below is not all-inclusive.
- Mortgage is restricted to the primary residence (purchase only) located in New York State.
- Must be credit qualified and eligible for Broadview membership. A Broadview checking account with payroll direct deposit and automatic mortgage payments is required.
- The $500 deposit will be made to the program participant’s Broadview checking account within 30 days of the closing, upon verification of all eligibility requirements.
- Proof of CSEA Membership is required to be eligible for the CSEA Heroes Home Solutions Mortgage Program.
- This program cannot be combined with any other offers, including the Community Heroes Mortgage Program.
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APR = Annual Percentage Rate. All rates quoted are the lowest available rates, actual interest rate will be based on overall creditworthiness. Representative payment for a 30 year fixed mortgage at 5.875% with a 6.022% APR is $6.01 per $1,000 borrowed. Representative payment for 7/6 ARM at 5.375% with a 6.882% APR is $6.57 per $1,000 borrowed for the first 7 years then subject to increase. Rates are accurate as of and are subject to change without notice. Quoted rates may include the requirement of credit union membership at the time of loan disbursal and selection of our Automatic Payment Plan. Rates are based on a purchase or no cash out refinance, cash out options may affect your rate. If an escrow account is required or requested, that payment does not include insurance and taxes and the payment may be greater. Ask about other rates and terms.
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APR = Annual Percentage Rate. All rates quoted are the lowest available rates. Actual interest rate will be based on overall creditworthiness. Other rates and terms available. The APR will be set when the application is submitted and will be indicated on the loan agreement. Variable rates may increase over time. Rates are accurate as of today and are subject to change without notice. Fixed Rate Home Equity Line of Credit: A 5-year draw period is included in the 10, 15, or 20 year repayment term. During the 5-year draw period, payments are interest only. After this period, payments will convert to principal and interest calculated for the remaining years in the repayment term. Loan payment example for a $50,000 loan at 6.00% for 15 years - Interest only payment would be approximately $246.58 a month for the first 5 years. The principal and interest payment would be $555.11 a month calculated over the remaining term of 10 years. Variable Rate Home Equity Line of Credit: Loan payment example for a $50,000 loan at 7.25% for 25 years would be approximately $361.41 a month. Intro rate effective for first 12 months. Rate is subject to adjustment annually and the first variable rate adjustment will occur one year from the loan funding date. After the intro rate, standard APR will be equal to the Prime Rate minus 0.50% and have a maximum APR of 14.90%. The floor rate will be set when the application is submitted, will be in effect for the life of the loan, and will be indicated on the loan agreement.
All Lines of Credit require a minimum limit of $10,000 and are available in New York State and Pennsylvania counties of Susquehanna, Bradford or Wyoming. Broadview FCU NMLS Identifier: 458314. Broadview membership is required.
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All loans are subject to creditworthiness. Title insurance may be required and is paid by the borrower. Closing costs paid by Broadview, on behalf of the borrower, will be paid on loan amounts up to and including $250,000 and will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $0 and $6,500 but depending on location and other factors it could be higher or lower. For loan amounts greater than $250,000, or total combined Broadview home equity loans exceeding $250,000, all closing costs will be paid by the borrowers at the time of closing. The product is available for members whose owner-occupied primary residence is in New York State or Pennsylvania counties of Susquehanna, Bradford, or Wyoming.
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Broadview FCU and its subsidiary Homeowners Advantage can facilitate but are not directly associated with Veterans Affairs (VA) or the US Dept. of Housing and Urban Development (HUD).
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Mortgage products in New York State only and offered by our Mortgage Team, Homeowners Advantage (HOA), which is a subsidiary of Broadview FCU. Licensed Mortgage Bankers – NYS Dept. of Financial Services. NMLS Identifier: 309847. HOA principle address: 4 Winners Circle, Suite 201, Albany NY, 12205. HOA Branch ID: 2491994. Broadview FCU NMLS Identifier: 458314.
