Mortgages and Home Loans
Our residential mortgage team will help you apply for and quickly process a home loan that fits your needs. Whether for your primary residence or the perfect vacation home, when you choose Catskill Hudson Bank for your residential mortgage, you will encounter an unmatched client experience.
Fixed Rate Mortgage Options
Adjustable Rate Mortgage (ARM) Options
May be right for you if you plan to stay in your home for a short period of time. The initial rate is fixed for five, seven or ten years. Thereafter, rate and monthly payment can adjust up or down annually depending on market conditions.
Home Equity Line of Credit (HELOC)
A HELOC provides for ongoing access to your loan money. Similar to a credit card, a line of credit allows you to access loan funds during your "draw period". The draw period for this HELOC is 10 years. During this time, required minimum monthly payments are interest only, based on your outstanding balance. When the draw period expires the "repayment period" begins. Your outstanding loan balance will be amortized over 15 years and monthly principal and interest payments will be required.
Home Equity Fixed Rate
When you have plans, we have money to lend! Perfect for those looking to borrow a specific, fixed amount and pay it back with set monthly payments. The repayment term can be as short as 5 years or as long as 20 years.
Residential Mortgage Servicing
2452 State Route 9, Suite 104
Malta, New York 12020
Billing Questions and Inquiries: 1-888-209-2265
Catskill Hudson Bank utilizes third-party providers and will remain responsible for all actions taken by the third-party provider.
Catskill Hudson Bank is a registered loan servicer with the NYS Department of Financial Services ("NYSDFS") Therefore, if you encounter a problem with your loan servicing, that we are unable to resolve, you are able to file a complaint with the NYSDFS. If you would like further information, or assistance with filing a complaint, please call NYSDFS's Consumer Assistance Unit 1-800-342-3736 or visit their website at www.dfs.ny.gov .
90-Day Mortgage Loan Relief
Q. What is the NYS 90-Day Mortgage Relief Program and how do I qualify?
A. Although some news reports termed this as a mortgage "waiver", it is actually a delay or forbearance of three months of mortgage payments. This means that your mortgage payments are delayed for three months and paid at the end of the forbearance.
Q. How can I qualify?
A. You can qualify if you are experiencing a documented financial distress due to COVID-19 and demonstrate that you are not able to make timely payments.
If you would like to speak to a member of our team about your situation, please contact us by phone at (877) CHBNY 15. We appreciate your patience as wait times may be longer than usual.
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