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Nassau Financial Federal Credit Union Home Loans: we help dreams come true

Whether you’re looking to fulfill the American Dream of owning your first home or looking for ways to make your home work better for you, Nassau Financial has the Home Loan that’s just right for you and your family. Whatever your needs, we’ll be right there to help you every step of the way. 

Borrowers will find a variety of conventional mortgage options available at Nassau Financial, including 30, 20, and 15 year fixed rate Mortgages, ARMs (adjustable rate mortgages) of various timeframes, Home Equity Loans and Lines of Credit, as well as Reverse Mortgages federally insured by the Federal Housing Authority (FHA).



First Mortgage or Refinance

At Nassau Financial, we understand the thrill and importance of finding, buying and owning a home. It's the "American Dream," a place where families are raised and memories are made, in addition to being a sound investment for the future. With a Mortgage from Nassau Financial, your dreams are within reach. And we'll assist you every step of the way, whether it's your first Mortgage, a new purchase, or you are refinancing your current Mortgage.

View our current rates and then contact us to get started! Use our online appointment scheduler if you'd like to sit down with a Personal Service Representative at our East Meadow or Oceanside branches and have all your questions answered. This service is available by appointment only, so be sure to use the button below to schedule an appointment.

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Why a Nassau Financial Mortgage?

  • Flexible, competitive rates and terms.
  • Choose from a variety of fixed-rate or adjustable-rate loans.
  • You choose whether or not to pay points.
  • Lock in rate for 60 days without paying a fee.
  • Take advantage of our personalized application process. Apply in person or discuss options with a Senior Personal Service Representative at our Westbury Service Center or one of our branch locations.
  • Need to do home improvements right away? Consider requesting a Home Equity Loan at the same time you request the First Mortgage.
  • Consult your tax advisor regarding tax deductions.

Home Equity Loan or Line of Credit

We Offer Very Competitive Home Equity Loan and Line of Credit Rates

For special projects or unexpected expenses when you need access to your financial resources, why not put your home's equity to work for you? Nassau Financial offers very competitive Home Equity Loan and Home Equity Line of Credit rates. Not sure how to get started? Sit down with a Personal Service Representative and get all your questions answered. Use our online appointment scheduler to meet with a Personal Service Representative at our Westbury Service Center. This service is available by appointment only, so be sure to use the button below to schedule an appointment.

Apply Now   Schedule Appointment

Advantages of opening a Nassau Financial Home Equity Loan or Home Equity Line of Credit:

  • Borrow up to 70% to 80% of the appraised value (minus any liens) of your primary residence, depending on the Home Loan product chosen. 
  • Low APR (Annual Percentage Rate).
  • Flexible repayment terms of 5, 10 or 15 years on our fixed-rate Home Equity Loan1.
  • No pre-payment penalty.
  • Access your funds for the first 10 years on our Home Equity Line of Credit.
  • Interest may be tax deductible; consult with your tax advisor.
  • No application or annual fees.
  • No closing cost2 option available.



Home Equity Loan:

APR = Annual Percentage Rate. Subject to credit approval. Loan minimum is $5,000; loan maximum is $250,000. Cooperative properties not eligible. Additional conditions and application fees may apply; ask a Personal Service Representative for details.1) Terms and conditions are subject to change without notice. Primary residences in New York State only. Stated rates are the lowest offered based on creditworthiness and may require automatic payments from a Nassau Financial checking account. Applicants not approved at these rates or terms may be offered credit at higher rates and/or different terms; not all applicants may be approved. 2) No closing cost option requires $40,000 advanced at closing and line must remain open for three years. Consult a tax advisor for tax deductibility.

Home Equity Line of Credit:

¹APR = Annual Percentage Rate. No closing cost option requires a minimum of $40,000 to be advanced at closing and credit line must be open for 3 years. Minimum loan amount is $40,000, maximum loan amount is $250,000. Maximum rate equals 17.90%. Principal and interest payment only. ²Base rate is Prime rate minus .25%, plus the applicable credit margin. Maximum LTV of 70%. Lifetime floor rate of 4.50%. Introductory rate available for new Home Equity Lines of Credit only. Subject to credit approval. Primary residence in NY only. Terms and conditions subject to change without notice. Stated rates are based on credit worthiness and may require automatic payments from a Nassau Financial Checking Account. Other details may apply. See

Reverse Mortgage

Are you struggling with the increased costs of maintaining your home? If expenses are increasing and your income is not keeping up with the cost of living, a Reverse Mortgage* may be the answer if you are 62 years of age or older and want to stay in your home.You may use the equity in your home to pay off debts, taxes, provide home care, fund home improvements, increase cash flow, or for any other reason.

Important Facts About Reverse Mortgages:           

Did You Know?

  • The title remains in your name.
  • Proceeds are not taxable.
  • Credit is not a factor.
  • You pay minimal upfront costs that may be financed using the loan proceeds.
  • The loan is paid back when your house is sold later on down the road.

Reverse Mortgage Loans are federally insured by the Federal Housing Authority and, if you sell your home, the remaining equity is yours to keep. Reverse mortgages made available through our alliance with FB Mortgage Partners. Call 1-866-982-5657 to speak with a friendly representative who will answer your questions and put your mind at ease.*


*A reverse mortgage is a complex loan secured by your home. Whether such mortgages make sense for you depends on your financial situation and needs. For these reasons, we strongly recommend that you consult with a qualified, independent housing counselor, family members and other trusted advisors before making this decision. There are some circumstances that will cause the loan to mature and the balance to become due and payable. Borrower is still responsible for paying property taxes and insurance. Credit is subject to change and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.   NMLS # 402599 NCUA#1404

The Homebuyer Dream Program for First Time Home Buyers

The Federal Home Loan Bank retired their  First Home Club program, and then introduced their new Homebuyer Dream Program in July 2019. The Homebuyer Dream Program provided grants of $14,500 to eligible first time home buyers. Grant funding is limited, however, and all funds have been fully exhausted for 2019. Check back with us periodically, and read our monthly newsletter, to see when the Federal Home Loan Bank opens up the Homebuyer Dream Progam again for the next round.

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Meet Nassau Financial's First Mortgage Loan Originators

It is the policy of Nassau Financial Federal Credit Union to comply with the requirements of the Secure & Fair Enforcement of Mortgage Licensing (SAFE) Act and the statute's implementing regulations. The SAFE Act requires any credit union employee who acts as a residential "mortgage loan originator" to register with the Nationwide Mortgage Licensing System (NLMS) or Registry, to use the Registry's unique identifier as required, and maintain this registration. The following are the current registered MLOs at Nassau Financial and their unique identifier #:

Mortgage Loan Originator NMLS ID #
Organization ID 402599
Kenneth Busch 1205311
RoseAnne Catalano 643998
Yevgeniya Farber 795515
Lorna Hall 644000
Mary Montenero 1205306
Jeanine Peglow 644001
Maria Sequeira 1205305
Mohammed Shaikh 1120961
Emily Steiner 1205296
Jon Wang 1558353
Ann White 1205309
Maryann Matarese 1882193
Geraldine Gamage 659927


Information on each MLO can be found at

A registered mortgage loan originator (MLO) must provide their unique identifier:

  • Upon request
  • before acting as an MLO and
  • through the originator's initial written communication with a member, whether on paper or electronically

In addition, all Nassau Financial employees are able to provide the unique identifier of a registered MLO to consumers who request it from employees other than an MLO.

Get started on the path to homeownership with Nassau Financial today!

Apply Now           Schedule Appointment