Mortgages

Dreaming of a new home?

We’re here to help you live the life you want. That’s why we offer a wide variety of mortgage options, including fixed, adjustable and jumbo mortgages. Jovia can make that dream home happen.

In addition to low mortgage rates, we even offer no-closing cost options and more! And, we can walk you through the process to make it all easier. We’ll provide the information and support you need including local underwriting and servicing.

Not ready to apply? Contact a Mortgage Specialist

Benefits of borrowing from Jovia

Easily apply online

Apply for a mortgage in 15 minutes or less with our mobile-friendly application. And, if you aren’t ready to apply, you can get an idea of what you can afford with a pre-qualification.

Keep costs low

Take advantage of our low closing cost and no closing cost options to keep those initial payments to a minimum.1

Get payment assistance

Keep your downpayment to a minimum (as low as 3% cash required from the borrower), or take advantage of low-interest rate mortgages as a first-time homebuyer through SONYMA programs.2

Reverse Mortgage Options∆

A reverse mortgage works by allowing homeowners age 62 and older to borrow from their home's equity without having to make monthly mortgage payments. The borrower may choose to take funds in a lump sum, line of credit or via structured monthly payments.

Loan Options

Compare Mortgage Options

Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Jumbo Loans

Buyers who plan to stay in their home for many years.

Buyers who don’t expect to stay in their home very long.

Buyers who are purchasing a more expensive home. (For 2023, over $726,200.)

Benefits

Benefits

Benefits

  • Interest rate stays the same
  • Payments will not change
  • No pre-payment penalties
  • Lower initial interest rate
  • Payments may decrease
  • Build equity faster
  • Larger loan amounts
  • For multi-family homes
  • One loan for purchase and renovations

Jovia Offers

Jovia Offers

Jovia Offers

15 Year Fixed
30 Year Fixed

7/1 Adjustable
10/1 Adjustable
15/1 Adjustable

30 Year Fixed

Rates & Terms

Type

APR3

Rate

Monthly Payment4

7/1 Adjustable 6.592% 5.625% $863.00
10/1 Adjustable 6.488% 5.750% $875.00
15/1 Adjustable 6.174% 5.750% $875.00
15 Year Fixed 5.915% 5.750% $1,246.00
30 Year Fixed 5.974% 5.875% $887.00
30 Year Jumbo 7.139% 7.125% $7,411.00

Meet the Mortgage Team

Jovia's mortgage specialists are here to help you through every step of the homebuying process.

Bob Richter

Bob Richter

Mortgage Loan Development Specialist (NMLS ID #: 790848)
(631) 327-7935
Bob Richter

Bob Richter

Mortgage Loan Development Specialist (NMLS ID #: 790848)
(631) 327-7935

Bob Richter

Mortgage Loan Development Specialist (NMLS ID #: 790848)

Bob has been with Jovia as a Loan Officer since 2017 and prides himself on listening first, then advising members on the best options for home refinancing or purchasing needs. With 35 years in the mortgage industry, Bob loves working at Jovia Financial Credit Union and is very gratified to help members maintain a strong financial status while reaching important life goals.

Dhalia Allard

Dhalia Allard

Mortgage Loan Development Specialist (NMLS ID #: 1207595)
(347) 445-1657
Dhalia Allard

Dhalia Allard

Mortgage Loan Development Specialist (NMLS ID #: 1207595)
(347) 445-1657

Dhalia Allard

Mortgage Loan Development Specialist (NMLS ID #: 1207595)

As a loan officer, Dhalia knows that for many members, the path to home ownership can be an emotional journey. Her hope is to help members’ dreams come true by advising them on appropriate loan options that balance risk and return. From initial contact through closing, Dhalia prides herself on providing superior customer support.

Jay Goldstein

Jay Goldstein

Mortgage Loan Development Specialist (NMLS ID #: 277467)
(516) 840-7653
Jay Goldstein

Jay Goldstein

Mortgage Loan Development Specialist (NMLS ID #: 277467)
(516) 840-7653

Jay Goldstein

Mortgage Loan Development Specialist (NMLS ID #: 277467)

Jay has 16 years of experience in the mortgage industry and is proud to be part of a dedicated group of professionals who truly care about providing the finest service to Jovia Financial Credit Union members. He specializes in purchase and refinance loans and strives to offer his clients the most enjoyable mortgage experience in the industry.

Kristine Jamgotchian

Kristine Jamgotchian

Mortgage Loan Development Specialist (NMLS ID #: 1182817)
(516) 884-2634
Kristine Jamgotchian

Kristine Jamgotchian

Mortgage Loan Development Specialist (NMLS ID #: 1182817)
(516) 884-2634

Kristine Jamgotchian

Mortgage Loan Development Specialist (NMLS ID #: 1182817)

Warm, personalized service with special attention to member needs is Kristine’s focus. A retail banking professional for 18 years, Kristine educates members on how important it is to have a strong credit profile and take on the proper amount of debt. She takes satisfaction in working with first-time homebuyers to help them achieve their dream of homeownership.

Shannon Poblete

Shannon Poblete

Mortgage Loan Development Specialist (NMLS ID #: 1554789)
(631) 327-7730
Shannon Poblete

Shannon Poblete

Mortgage Loan Development Specialist (NMLS ID #: 1554789)
(631) 327-7730

Shannon Poblete

Mortgage Loan Development Specialist (NMLS ID #: 1554789)

Shannon has been in the banking industry for over 20 years and loves her career at Jovia. She is especially proud of the credit union’s extremely reasonable fees and rates on mortgage loans, knowing they can make a big difference in a member’s financial future. She sources and develops loans for a wide range of qualified borrowers, including new construction, SONYMA, ARMs, and fixed residential loans and refinances.

Questions? We have answers!

Speak to a Jovia mortgage specialist to review your options.

All mortgage loans will be scheduled to close in our attorney’s office in Mineola or at our Commack branch in Suffolk County.

If you need to close in another location, please have your attorney contact our attorney’s office to coordinate the location. Please note, our attorney may charge a travel fee for any loan that closes outside of these two offices.

You can determine your monthly payments by using this useful mortgage calculator.

Yes, we do offer modifications on first mortgages. For more information, please visit your local branch to set up an appointment with a mortgage loan officer or give us a call at (516) 561-0030 ext. 2850

We're here to help you determine the best way to help you save money on your mortgage. To get an accurate quote and learn more about refinancing options please contact us at (516) 561-0030 ext. 2850 or request a quote online.

We offer a variety of lock options which include different lock periods, rate buy-downs and lender credits. Deciding what works best for you depends on various factors (e.g. When are you closing? Do you need money for your closing costs?)

Your loan officer will walk you through the process and help you decide which option is best for you.

Advice

Get to know the homebuying process

Buying a house is an exciting step, but it also has many steps that can make the journey home feel a lot longer than it should be. That’s why we’ve created this series of articles - to help you navigate the home buying process like a real estate pro.

Looking to learn more about mortgages?

Visit our Mortgage Knowledge Center for all the tools you need to cruise though the homebuying process with ease.

Mortgage Knowledge Center

1 Jovia Financial does not charge closing costs on the no closing cost option. Member is still responsible for certain mortgage settlement costs. Contact the Credit Union for further information.

2 State of New York Mortgage Assistance Loans are available to first-time homebuyers only (unless you are a military veteran purchasing a home within a target area. You may not qualify for SONYMA financing if you currently own a residential investment property or vacation home under certain circumstances. For more information regarding eligibility of SONYMA financing, please refer to the SONYMA program website.

3 APR = Annual Percentage Rate. All loan types, rates, and terms are based on an applicant's credit history and are subject to change without notice. Not all applicants may be approved. Ask for details.

4 Monthly payments per $150,000 borrowed. Monthly payment for 30 Year Jumbo mortgage is calculated per $1,100,000 borrowed.

Mortgage Loan Originators at Jovia Financial and their unique identifier numbers (NMLS ID#) can be found here.

NMLS ID#: 543667

Jovia Financial is not the lender for any reverse mortgage product offered. Jovia Financial has a contractual agreement with third party provider to make this product available to its members for properties in New York and Florida only. By requesting this service, you are consenting that your information will be shared with a third party licensed mortgage banker/lender. Borrowers still responsible for payment of real estate taxes and insurance.

* Offer available for new and existing Jovia members from October 1, 2020 through December 31, 2022. All loans are subject to credit approval. Refinances not eligible. Members will receive gift cards electronically at email address provided 30 days after closing. Gift card is limited to one per loan application while supplies last. Loan must close by March 31, 2023 to be eligible. Existing loan applications submitted prior to the promotional period do not qualify. The Home Depot is a registered trademark of Homer TLC, Inc. Membership eligibility requirements apply. Rates subject to change without notice. All promotional offers can be withdrawn at any time and are subject to change without notice. Employees, volunteers, and affiliates of Jovia and their immediate families are not eligible. Jovia and its agencies assume no responsibility or liability for damages, losses or injury resulting from acceptance or use of any gift. Existing accounts and submitted applications do not qualify for promotional offers.