Home Loans

RETURNING USERS: View Your Mortgage Application | View Your Home Equity Application | Make A Payment

home owners sitting on front steps with mortgage from greylock federal credit union

We offer a wide selection of mortgage and home equity products to satisfy your home-related goals, including:

Conventional Mortgages (fixed or adjustable rates)
Construction Mortgages
Home Equity Loans
Home Equity Lines of Credit
Purchase Rehab Loan
MassHousing Loans₂

Apply for a Mortgage

Apply for a Home Equity

First Time Homebuyer Bonus

$3,000 Bonus

First-time homebuyers receive $3,000 towards your closing costs or up to 2 monthly payments of $1,500 each towards your first two mortgage payments.₁

Serving the State of Massachusetts, Bennington County VT, Columbia, Rensselaer and Greene County NY.

Apply Now

Meet Your Mortgage Officers

Erin Carlotto

NMLS# 794262

150 West Street, Pittsfield, MA 01201

(413) 347-6114

Email Erin

Sarah Gaffey

NMLS# 853525

131 Ashland Street, North Adams, MA 01247

(413) 236-4096

Email Sarah

Haley Briggs

NMLS# 531027

325 Stockbridge Rd., Great Barrington, MA 01230

(413) 429-8327

Email Haley

Home Equity Loans

Borrow money against your home's value!

PAY NO CLOSING COSTS₅
Up to 80% of the appraised value of the owner-occupied property (up to four units) minus the existing mortgage balances.
Fully-amortized up to fifteen (15) years.
Fixed Rate of Interest.
The interest you pay may be deductible from your taxes. Please consult your tax advisor.

Apply for a Home Equity Loan

You may borrow up to a percentage of the value that you actually own. Your home equity is defined as the value of your home minus what you still owe on any mortgages for the property. A loan against the equity that you have in your home is referred to as a home equity loan.

Home equity loans may be used for any purpose. Many people use them as a source of money for making home improvements, fund education or consolidate other loans and to take advantage of lower interest rates.

Home Equity Line of Credit

NO CLOSING COSTS for first-time applicants for Berkshire County properties.₃
Up to 80% of the appraised value of the owner-occupied property (up to four units) minus the existing first mortgage balance.
Ten-year draw/advance period followed by a fifteen-year fully-amortized payback period.
May be tax deductible. Consult your tax expert.

Apply for a HELOC

HELOCs 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.

Home Equity Charges and Fees

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.

Pay your Greylock Loan

Online

Log into your Online Banking account or Mobile Banking app and make a transfer. OR make a one-time payment with BillMatrix.

Mail

Please send to:
150 West Street
Pittsfield, MA 01201

In-Person

Visit any of our branch locations. Please bring a photo ID such as a Driver's License for identification.

24/7 Drop Box

Available at the following branches: Adams, Great Barrington, Greenport/Hudson, Lanesborough, Lenox, North Adams, Pittsfield - Allendale, Pittsfield - Elm St, Pittsfield - West St, Williamstown.

Disclosures

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 12/31/24.

₂Greylock is an approved MassHousing Lender. Please call (413) 236-4125 for more information or to inquire about the qualification process.

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.