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  • Scott McNally headshot

    Mortgage Officer

    NMLS #: 1841508

    TEGFCU Mortgages icon

    I’m Here To Help You

    Financing a home doesn’t need to be stressful. I’m here to help you find the right home loan to fit your needs. Whether it’s a purchase, investment property, or a refinance, I strive to ensure the loan process runs efficiently and smoothly. My concentration on client comfort without the hassle and anxiety sets me apart. Ultimately, my focus on member service leads to satisfied clients with closed loans in the short term and promotes long-term financial success. I always have my borrower’s best interests at heart and make the efforts necessary to build a lasting relationship with every member.

    Career Highlights

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    Why Choose TEGFCU for Your Mortgage?

    There’s no place like home. There’s no place like the Hudson Valley. And there’s no place like TEGFCU for your mortgage. We know that everyone’s needs are different when it comes to home financing. So, whether you are looking to purchase a primary residence, second home, or investment property or refinance to a lower rate, we will go the extra mile to find the best possible financing solution that is right for you.

    Great Competitive Rates

    Low Closing Costs

    Local, In-House Processing & Underwriting

    FREE Pre-Approvals

    We’re proud to be local, member-owned, and not-for-profit. When you buy your dream home, you can feel confident you’re getting a competitive interest rate from us. We believe that making a mortgage affordable means not surprising you with extra closing costs like some other lenders. Compare our closing cost to theirs.

    Discover the TEG Difference – our friendly, knowledgeable people. Our Mortgage Officers are here to answer any questions and help you through every step of what can be an intimidating process. We want you to enjoy the experience of finding the perfect home. Buy with confidence today and have peace of mind knowing that your loan will close quickly and easily.

    Conventional Mortgage & Refinance Rates

    Mortgage TypeRateAPRPoints
    30 Year Fixed6.375%6.526%1.000%
    20 Year Fixed6.125%6.321%1.000%
    15 Year Fixed6.125%6.351%0.875%

    APR = Annual Percentage Rate. Rates effective as of 07/19/2024. All loans are subject to approval. APR assumes a $300,000 loan amount with escrows a FICO score of 760 or higher for a loan for an owner-occupied (primary residence), single-family dwelling in New York State with a loan-to-value ratio of 75% or less, and no cash-out.

    For example, a 30-year, $300,000 conforming mortgage with a fixed APR of 6.375% has an approximate payment amount of $1,871.61. Real estate taxes, insurance, and private mortgage insurance (if applicable) are not included; therefore the actual payment obligation will be greater. Your rate may vary based on your creditworthiness, loan amount, purpose, property type, occupancy, LTV, lock period, and other credit characteristics.

    All rates and terms are subject to change without notice. No rate is guaranteed without a valid rate lock. A point is equal to 1% of the loan amount’s balance. Private mortgage insurance (PMI) is required on mortgages that exceed 75% loan-to-value (LTV). When refinancing, the maximum loan-to-value is 80% if you take cash out. Contact a TEG Mortgage Officer for further details. Other terms and conditions may apply.

    Adjustable-Rate Mortgage (ARM) Rates

    Mortgage TypeRateAPRPointsFirst CapSubsequent CapLifetime Cap
    5/6 SOFR ARM5.625%6.969%1.000%+/- 2.00%+/- 1.00%+/- 5.00%
    10/6 SOFR ARM5.875%6.614%1.000%+/- 5.00%+/- 1.00%+/- 5.00%

    APR = Annual Percentage Rate. Rates effective as of 07/19/2024. All loans are subject to approval. APR assumes a $300,000 loan amount with a FICO score of 760 or higher for a loan for an owner-occupied (primary residence), single-family dwelling in New York State with a loan-to-value ratio of 75% or less. Rates on 5/6 ARMs are fixed for the first five years and subsequently subject to change bi-annually. Rates on 10/6 ARMS are fixed for the first ten years and subsequently subject to change bi-annually.

    For example, a 5/6 ARM at a fixed initial interest APR of 6.969% would initially be $2,123.38 or a 10/6 ARM at a fixed initial interest APR of 6.614%, would initially be $1,774.61, with each loan adjusting every six months after the initial term based on an index and margin. Real estate taxes, insurance, and private mortgage insurance (if applicable) are not included; therefore, the actual payment obligation will be greater. After the initial fixed term, rates will adjust based on the index, Secured Overnight Financing Rate (SOFR), and a margin. Your rate may vary based on your creditworthiness, loan amount, purpose, LTV, lock period, and other credit characteristics.

    All rates and terms are subject to change without notice. No rate is guaranteed without a valid rate lock. A point is equal to 1% of the loan amount’s balance. Private mortgage insurance (PMI) is required on mortgages that exceed 80% loan-to-value (LTV). Contact a TEG Mortgage Officer for further details. Other terms and conditions may apply.

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    Easy to deal with. Scott and the team at TEG were a pleasure to work with. They made my re-fi experience so easy and were extremely accommodating to our needs to especially when it came to the closing. I would highly recommend Scott and TEG for anyone needing a mortgage or looking to re-fi as I did.

    Bill B.

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    Scott helped explain all the different mortgage options available to us and made recommendations based on our specific needs. He was able to streamline the process, making it easy for us with our busy schedules. Scott was professional and extremely knowledgeable. I would recommend using Scott if you want someone who has experience, is detail-oriented and works hard to hit deadlines. We were very happy with Scott and his team at TEGFCU, and you will be too!

    Anon. Zillow User, Poughkeepsie, NY.

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    Scott McNally was there every step of our long home-buying journey. As first-time home buyers, we had a lot of questions. He was very responsive, knowledgeable, and informative. He always steered us in the right direction.

    Janine S.

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    Not only did Scott and his team at TEG Federal Credit Union secure us an OUTSTANDING rate, but the experience was GREAT! I was treated like a person, not a number. Persistent, personable, and patient.  He answered all of our questions in a professional and friendly manner. I would absolutely recommend him to anyone looking to secure a mortgage at a great rate!

    Sean R.

    First Wednesday of Every Month at 5:30 PM. Attend virtually and receive $500 OFF closing costs!

    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 $100.

    Get “The Comprehensive Guide to Finding, Buying and Financing a Home”. Learn how to get started and discover everything you need to know to help you buy a place you love – with a payment you can afford.

    Have questions? We have answers.

    Apply for a TEGFCU Mortgage

    To apply for a mortgage, you must either be a current member or become a member before closing. Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, 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.

    Apply for a TEGFCU Mortgage

    To apply for a mortgage, you must either be a current member or become a member before closing. Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, 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.

    We Do Business in Accordance with Federal Fair Lending Laws – Fair Housing Poster.

    Home Mortgage Disclosure Act Notice – The HMDA data about our residential mortgage lending are available for review. The data show: Geographic distribution of loans and applications Ethnicity, race, sex, and income of applicants and borrowers Information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.

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