Home Loans

Subject to credit approval. Fees and Charges: The credit union pays third party fees for new participants unless you close the plan within three years. In that case, you may have to reimburse the credit union for any fees paid on your behalf. If you refinance an existing Home Equity with Greylock then you may pay certain fees to third parties to open the plan. These fees generally total between $800 and $1500. If you ask, we will provide you with an itemization of the fees you will have to pay to third parties. Property Insurance: You must carry insurance on the property that secures this plan. Rate Changes: For Home Equity Lines of Credit, the annual percentage rate can change on the first day of each month. The maximum ANNUAL PERCENTAGE RATE that can apply is 18%. For properties located in New York State, borrowers are subject to a mortgage tax fee of 1.25% of loan amount.

₁Subject to credit approval. Two different FTHB credits are available. Only one credit will be provided. To obtain the maximum credit of $3,000 towards your closing costs, or up to 2 monthly payments of $1,500 each, a checking account with direct deposit of 80% or more of net pay must be established prior to closing. Otherwise, a FTHB credit of $1,000 toward your closing costs or your first monthly payment, up to a maximum of $1,000, will be provided. If the loan is closed within 3 years of origination, you will be required to reimburse Greylock for this credit or payment(s) made on your behalf. Only valid for First-time homebuyers toward adjustable rate mortgages. Offer expires 12/31/25.

₂HELOCs have an interest-only payment feature and there are no loan-advance fees, annual fees, or closing costs (for first-time applicants). You can make advances by simply writing a check, by visiting one of our branches, or by performing a transfer through Online Banking.

₃Closing costs paid on borrower’s behalf. Borrower may be responsible for repayment of cost to Greylock if loan is closed or refinanced within 36 months. Offer subject to credit approval. Prime Rate as published in the Wall Street Journal. Maximum loan-to-value (LTV) of 80%. Other restrictions may apply. Other rates available.

₄Offer subject to credit approval. Borrower must qualify for Greylock Federal Credit Union membership. Financing up to 100% of appraised value minus existing mortgage balances. Closing costs paid on borrower’s behalf. Some restrictions may apply. Borrower may be responsible for repayment of cost to Greylock if loan is closed or refinanced within 36 months.

₅Closing costs paid on the borrower's behalf for Berkshire County properties only. Some restrictions may apply. Borrower may be responsible for repayment of these costs to Greylock if they refinance within 36 months.