The Holyoke and Feeding Hills lobbies are now open to limited traffic (Holyoke - 5 members & Feeding Hills - 3 members at any time). Masks are required and social distancing will be practiced. HCU's hours will remain the same, M - F 9am - 4pm, Sat. 9am - 12pm. The West Springfield branch will remain closed until further notice, however the West Springfield Drive-thru is now open. If you wish to meet with a Member Service Representative, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letasz or Beth Cook at 413-278-6840. We thank you for your understanding while we implement this "new normal"!
COVID-19 Update 10/07/2020 - West Springfield Drive-Thru is Reopening! - Starting on Tuesday, October 13, 2020, the drive-thru at Holyoke Credit Union's West Springfield Branch (333 Elm Street) will be open for business. The drive-thru only will be open Mon.-Fri. from 9-4 and on Saturdays from 9-12.

100% LTV Home Loan

HCU’s newest home loan product, the 100% LTV (Loan-to-Value) Home Loan, is a great option for those borrowers who want or need to borrow up to 100% of their home’s value. A traditional mortgage only allows 97% LTV.

BENEFITS:

  • Fixed monthly payments for the life of the loan
  • Protection from rising rates because interest rate remains the same for the life of the loan
  • Don’t have to be a veteran to get 100% LTV
  • No income limits 

BEST FOR PEOPLE WHO:

  • Are First Time Home Buyers
  • Have no down payment
  • Have limited available funds

OTHER CONSIDERATIONS:

  • Eligibility criteria apply:
    • Borrow up to $424,100
    • 20-30 Year Term – must have credit score of 700 or greater
    • 20 Year Term or less - must have credit score of 680 or greater
    • Must be a single family purchase and primary residence (no condos)
    • Minimum of 1% borrower contribution towards closing costs, prepaids or minimum reserve requirements. Gift funds are permitted to meet minimum borrower contribution
    • 3% maximum seller contribution
    • Minimum 2 months reserves
    • Monthly Borrower-Paid Mortgage Insurance (MI)
    • Full documentation for employment, income and assets

Click on Mortgage Rates to see the current rates and any additional disclosures.