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Mortgage Loan

Home Sweet Loan

It's even sweeter when you know you have a great low rate and affordable payments!

Why Choose TEG FCU for Mortgage Financing?

Purchasing your dream home or refinancing your existing home has never been better! At TEG we make it easier for you to close on your dream loan.

  • Great Competitive Rates
  • Low Closing Costs with No Junk Fees!
  • Local, In-House Processing & Underwriting
  • FREE Pre-Approvals

At TEG we strive to give you the best home financing experience possible. With several types of mortgage offerings and an established track record of great service, we will find the home loan that best suits your needs at a very competitive interest rate.

Whether you are looking for a traditional mortgage or need something a little outside the box, our lending experts will go the extra mile to find the financing that is right for you.

To apply, you must either be a current member or become a member before closing. TEG FCU Membership is open to all who live, work, or worship in Dutchess, Orange, Ulster, Putnam, Sullivan, Westchester and Rockland Counties in NY with an initial $5 deposit, as well as Members of the Dutchess County SPCA or Child Care Council of Dutchess and Putnam Inc. which are headquartered in our field of membership. Also, if you are purchasing a primary residence in one of these counties you are eligible for membership.

Magnifying glass on white house with red roof

2nd Look Program

Let Us Take a Second Look and Get $50

If you are pre-approved by another lender, TEG would like the opportunity to provide you with our own pre-approval decision, so that you can compare, and to thank you for taking a second look we will give you $50.

Single Close Construction Loan

TEG’s Construction to Perm Mortgage enables your contractor to build your new home, either on a lot you purchase or already own. During construction (up to 12 months) you pay interest only on the loan amount, and upon completion, your loan will automatically convert to a permanent mortgage. Your rate is locked upfront so there is no need to worry about market changes or re-qualifying at completion. Low $500 construction draw management fee.


Renovation Loans*

Rehab loans enable you to combine a residential purchase or refinance with a renovation, with qualification based on the “as-completed” value of the home. It’s a great option for “fixer-uppers.” Low $500 construction draw management fee.

* Borrower is responsible for prepaid items including interest, taxes, and insurance if applicable. If the loan is paid in full within 36 months, the borrower will be responsible to pay $750 in closing cost recapture. An upfront appraisal fee may be required which will be refunded at closing.


Home Equity Loans

Take advantage of your home’s value without having to sell it!

With our Fixed Rate Home Equity Line or Variable Rate Home Equity Line of Credit (HELOC), you can use the equity in your home to finance home improvements, consolidate debt, or perhaps take a much needed vacation. 


Mobile Home Loans

If you need financing for a mobile home, you’ve come to the right place. TEG has partnered with First Credit Corporation to offer Mobile Home Financing:

  • Fast credit decisions (within 24 hours)
  • Long-term financing with low monthly payments
  • Low down payment
  • No prepayment penalty
  • Homeowner’s insurance packages

This financing is available for homes in mobile home parks only (no private or rented land).

To apply for a mobile home loan, contact any of our branch locations or call First Credit Corporation at (800) 562-6036 and let them know that you are a member of TEG.


Mortgage Relief: To be considered for a 90-day forbearance or payment modification, you must first let us know about your circumstances and how you are impacted. Deferment is not automatic. Please contact us by clicking here.

Meet Our Mortgage Loan Officers

We are here to help you secure the loan approval you need! With an extensive background in mortgage lending, we are committed to helping you find the best possible financial solution. APPLY TODAY with one of our Mortgage Officers.

Jessica Schoen Senior Mortgage Officer

NMLS#: 22486

JESSICA SCHOEN

Senior Mortgage Officer

I have many years of experience working with first time home borrowers so you can be confident I’ll help you find the mortgage loan best suited to your individual needs.

Matt Bannan

NMLS#: 404022

MATTHEW BANNAN

Senior Mortgage Officer

Home financing is one of the biggest decisions you will make. I’m here to answer your questions, find the right loan for your situation, and make the process as anxiety-free as possible.

Stephanie Cabrera - Mortgage Loan Officer

NMLS# 1762372

STEPHANIE BARONE

Mortgage Loan Officer

As a bilingual Mortgage Officer, I’m here to provide exceptional service to borrowers in English and Spanish. You can expect friendly and professional service as you purchase your home.

Scott McNally

NMLS# 1841508

SCOTT MCNALLY

Mortgage Loan Officer

Financing a home doesn’t need to be stressful. I’m here to help you find the right loan. Whether this is your first home purchase, an investment property or a refinance, I will ensure your mortgage process runs efficiently and smoothly.

Jeffrey Shields Mortgage Officer

NMLS# 1466211

Jeffrey Shields

Mortgage Loan Officer

Known for outstanding service, you can count on me to look out for your interests and keep you informed throughout the mortgage process. I strive to make borrowers feel at ease and get to their goal of homeownership.

NMLS# 1762372

Mike Bartolone

Mortgage Loan Officer

I enjoy working with clients to help their homeownership dreams come true.  From buying your first home, the home of your dreams, or a vacation property I will work with you to find the best loan for your specific needs.