Beacon Federal wants to help you fulfill your dream of owning a home. We offer multiple loan programs and finance terms tailored to your borrowing needs, mortgage rate, and financial comfort. To learn more about our loan programs, call us toll free at (888)256.3800 to speak with one of our qualified mortgage representatives.

Fixed-rate Mortgages

A popular choice of financing, a fixed rate mortgage provides security in a changeable environment. You know that your interest rate and monthly principal and interest payment will remain the same over the chosen repayment term.

Biweekly Mortgages

A biweekly mortgage can save you thousands of dollars in interest while still offering the interest rate security of a fixed-rate mortgage. Every two weeks we automatically deduct your payment from a Beacon Federal savings or checking account. Your biweekly principal and interest payment will be equivalent to half of the calculated monthly payment. The biweekly payments shorten the overall repayment term.

Convertible – Adjustable Rate Mortgages (CARM)

An adjustable rate mortgage is a great choice if you are not planning on staying in your home for an extended period of time or retaining your mortgage for the full repayment term. An adjustable rate mortgage (ARM) has a lower initial interest rate and monthly payment than a fixed rate mortgage. The initial interest rate is fixed for a specified period of time, and then changes annually based on the one-year U.S. Treasury index adjusted by a margin. A “convertible” ARM allows you to convert to a fixed rate at certain periods of time throughout the life of the loan. To learn more about CARMs, contact one of our mortgage originators for more details and to request a CARM disclosure.