Loans

Take the first step to homeownership with a pre-qualification. Before you find the right home, you need to find the right mortgage. Getting pre-qualified by an expert mortgage lender that lets you know how much buying power you have. Knowing your buying power will give you the knowledge needed when you start looking for that perfect home. If you are in the market for a new home, call Ulster Savings Bank first.Our mortgage team, from our mortgage specialists to our processors, underwriters and loan servicing group, all strive to make owning your home the dream it was meant to be!

• Loan Education
• Fixed-Rate Mortgages
• Adjustable-Rate Mortgages (ARMs)
• Construction Loan/Rehabilitation Loan
• Jumbo Mortgage
• Land Loan
• Government Mortgage Loans

Our staff offers their lending expertise - for purchase, refinance, home equity and construction lending - to all of our residential mortgage customers. Our  long-standing relationship with local builders and real estate professionals makes the lending process smoother for our customers.

An accessory dwelling unit (ADU) is a smaller, independent residential unit located on the same lot as a stand-alone single-family home. An ADU can increase your home value and provide you with another source of income. You can finance the construction of an ADU on property you already own with US.

Are you thinking about expanding your home to include an ADU? We’re here to help. Talk to one of our experienced mortgage specialists about financing.

Building instead of buying a home? We have options!
We offer flexible programs, timely advances to keep your project moving and interest only payments during construction. We allow 24 months for construction and offer both double and single close construction loans.  The difference is the single close construction loan allows you to take advantage of low rates while you build so there's no mystery to your interest rate when converting to a permanent mortgage! Plus with single close construction loans, you avoid the fees of a two closing process!  

Contact US today to see what is the best fit for your particular situation!
 

Whether you're looking to do home improvements, pay for a child's education or consolidate debt, a Home Equity Loan may be the solution for you!  If you've built up enough equity in your home, a Home Equity Loan may allow you to pay off these, and other, major expenses.

• Fixed Rate Home Equity Loan
• Home Equity Line of Credit
• Home Equity Contact Request

We conduct homebuyer seminars throughout the year to further educate area residents on the homebuying process. Participants gain valuable knowledge and increased confidence. We offer a $750 homebuyer credit to those that attend.
 

Ulster Savings Bank has been offering the Homebuyer Dream Program in conjunction with the Federal Home Loan Bank of NY since June 1, 2020. Under this program and their new Homebuyer Dream Program Plus, you can secure the funds you need for the down payment and closing costs of your first home.

• Homebuyer Dream Programs
• Program Requirements
• Dutchess County Household Income Limits
• Orange County Household Income Limits
• Ulster County Household Income Limits
• Helpful Links