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Buying a home.

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Mortgage Payment Calculator[3]

New Home Purchase Refinance Current Home

When working with the mortgage calculator, please remember the conforming interest rates and dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

Home Price
$
Down Payment
$
Term
Interest Rate
%
Principal & Interest
$954
Homeowner's insurance
$
Property tax
$
Other (HOA fees, flood)
$
Monthly Payment

$-------

Results are for estimate purposes only.
Mortgage loans greater than 80% Loan-to-Value (LTV) generally require Private Mortgage Insurance (PMI).

Current Home Value
$
Loan Requested
$
Term
Interest Rate
%
Principal & Interest
$---
Homeowner's insurance
$
Property tax
$
Other (HOA fees, flood)
$
Monthly Payment

$-------

Results are for estimate purposes only.
Mortgage loans greater than 80% Loan-to-Value (LTV) generally require Private Mortgage Insurance (PMI).

Helpful homebuyer resources suggested for you.

Mortgage FAQs

Mortgage FAQs

We have answered some of our members’ most frequently asked questions about mortgages and how to get started with buying a home.

Fixed vs Adjustable Rate Mortgages

Fixed vs. Adjustable Rate Mortgages

Trying to find a mortgage rate that works for you? Determine if an adjustable rate mortgage or fixed rate mortgage is best for your budget.

Check out additional mortgage resources here.

Mortgage options to meet your needs.

Fixed-Rate Mortgage

Make consistent monthly payments for the life of the loan.

Adjustable-Rate Mortgages

Start with a lower initial interest rate and monthly payments.

Jumbo Mortgages

Receive a higher loan amount for more expensive homes.

10-Year Fixed Rate Mortgage

Pay less interest with a short-term fixed loan.

FHA Mortgages

Finance a home with less money down and a less restrictive approval process than a traditional mortgage.

Investment Property Mortgages

Make a smart investment, whether for rental or resale.

Explore the most commonly-asked mortgage questions.

What is the difference between a fixed-rate and an adjustable-rate mortgage?

The difference between a fixed-rate and an adjustable-rate mortgage lies in the interest rate for the loan. For a fixed-rate mortgage, the interest rate is set when you take out the loan and will not change. The fixed interest rate allows borrowers a measure of predictability. With an adjustable-rate mortgage, the interest rate may increase or decrease. The borrower assumes the risk of interest rate increases in exchange for lower initial rates and lower initial mortgage payments.

Can I pay a fixed-rate mortgage off early?

Yes, you can pay off your Bethpage Fixed-rate Mortgage any time without any pre-payment penalties.

How much can I afford?

By completing a loan application, a Bethpage Mortgage Loan Officer can help you determine the mortgage amount that you can afford. Or, you can get a ballpark idea using our home affordability calculator.

What documentation will be needed to obtain a mortgage?

The documentation you will need to obtain a mortgage includes:

  • Most recent pay stubs covering the last 30-day period
  • Past two years of W-2 Forms from all employers (current & previous)
  • 2 most recent bank statements (all pages). Include all accounts used for transaction
  • Past 2 years of Federal Tax returns (1040 Form) with all pages and schedules (if applicable, self-employed/rental income/retirement income)

Additional items you will need when purchasing a home:

  • Your attorney’s contact information
  • Your realtor’s contact information
  • Copy of fully executed and dated Contract of Sale

As you go through the process, additional documentation may be needed.

Is there a fee to lock my interest rate?

Bethpage offers a free 60 day rate lock! [4]

How do I know which type of mortgage is best for me?

Many factors determine the type of mortgage that is best for you, including your current financial situation and the length of time you intend to stay in your home. At Bethpage, we offer a wide selection of mortgage options, and we encourage you to speak with a Bethpage Mortgage Loan Officer, who will help you make the most appropriate decision.

When the interest rate on an ARM adjusts, are there caps on how high it can go?

With a Bethpage ARM, there is a maximum for each adjustment and for how much your interest rate can increase over the life of the loan. For example, for our 3/1 ARM, the interest rate for each adjustment cannot increase or decrease more than 2 percent after the fixed rate period. And, the interest rate will never increase or decrease more than 6 percent for the life of the loan. Caps may vary by program.

How can I start my application?

To start your application online, click here. Or, you can visit your local branch or call 1 (855) 971-0764 to be connected with a Bethpage Mortgage Loan Officer.

Are FHA-Insured Mortgage Loans just for first-time homebuyers?

While FHA-Insured Mortgage Loans are ideal for first-time homebuyers, people who have owned a home in the past can also take advantage of the program.