Home Loans - Greylock Insurance

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

Apply for a Home Loan

Make a Payment

See Mortgage Rates

young new parents to be getting a first time homebuyer mortgage through greylock

First Time Homebuyer Bonus

$2,500 Bonus

First time homebuyers enjoy your first 2 mortgage payments on us!*

Serving Columbia County, NY and Berkshire County, MA

*Subject to credit approval. Valid for 2 monthly payments of up to $1,250 each, or a maximum of $2,500. Only valid for First-Time Homebuyers toward adjustable rate mortgages. Offer expires 12/31/20.

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

Home Equity Loans

Borrow money against your home's value!

Apply for a Home Equity Loan

PAY NO CLOSING COSTS*
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.

*Closing 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.

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

Get easy access to your home's equity

HELOC 80% LTV

NO CLOSING COSTS for first time applicant's for Berkshire County properties.***
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.

***You may have to reimburse the credit union for any fees/closing costs paid on your behalf if the Home Equity Line of Credit plan is closed within the first three years. Property insurance required.

Apply for a Home Equity Loan

See Rates

Remodel the house. Head off to college. Take your dream vacation. The flexibility of a Home Equity Line of Credit makes financing easy.

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 Rates

Get a customized rate quote that matches your home financing needs.

Table data for Home Equity Programs
04-19-2021
Loan Type	Loan to Value	Interest Rate	APR¹	Monthly Payment Per $1000 Borrowed	Alert Me
Home Equity LOC	Up to 80%	Variable Prime + 0%	3.25%²	N/A	Receive a notification when this rate changes

Home Equity LOC	Up to 100%	Variable Prime +2%	5.25%²	N/A	Receive a notification when this rate changes

Loan Type	Loan to Value	Term	APR¹	Monthly Payment Per $1000 Borrowed	Alert Me
Home Equity Loan	Up to 80%	15 Years	3.25%²	$7.03	Receive a notification when this rate changes

	Up to 100%	15 Years	5.25%²	$8.04	Receive a notification when this rate changes

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 $500 and $600. 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 rate cannot increase or decrease more than 1 percentage point at each adjustment. 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.
¹APR = Annual Percentage Rate↵ ²Rates shown as low as. Rates subject to change.↵

Make a Loan Payment

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, North Adams, Great Barrington, Lanesborough, Merrill Road in Pittsfield and at Greylock Insurance Agency - Allendale Shopping Center in Pittsfield.