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 down payment 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 OptionsCompare Mortgage Options |
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| Fixed-Rate Mortgage | Adjustable-Rate Mortgage | SONYMA Mortgage |
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Buyers who plan to stay in their home for many years. |
Buyers who don’t expect to stay in their home very long. |
First-time homebuyers looking for flexible financing. |
| Apply Now | Apply Now | Apply Now |
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Benefits |
Benefits |
Benefits |
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Jovia Offers |
Jovia Offers |
Jovia Offers |
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15 Year Fixed |
7/1 Adjustable |
Achieving the Dream 30 Year Fixed Low Interest Rate 30 Year Fixed |
First-Time Homebuyer Programs
At Jovia, we’re proud to offer SONYMA loans designed specifically for first-time homebuyers. The Low Interest Rate and Achieving the Dream mortgage programs provide low interest rates and lower down payment requirements, making homeownership more accessible than ever.
Whether you’re looking for a cozy single-family home or a condominium, we’re here to help you every step of the way. SONYMA loans allow you to start with just 3% down and enjoy a 30-year fixed-rate mortgage with no prepayment penalties. And, there are even down payment assistance programs to help reduce upfront costs.
You may qualify for these programs if you:
- Are a first-time homebuyer (or eligible military veteran)
- Will occupy the property as your primary residence
- Will be purchasing a property located in New York State
- Have 1% or 3% of the purchase price in verifiable cash, depending on the property type
SONYMA Rates & Terms
Type | APR3 | Rate | Monthly Payment4 |
|---|---|---|---|
| 30 Year Fixed Achieving the Dream | 6.125% | 6.000% | $889.00 |
| 30 Year Fixed Achieving the Dream with Down Payment Assistance | 6.503% | 6.375% | $936.00 |
| 30 Year Fixed Low Interest Rate | 6.755% | 6.625% | $960.00 |
| 30 Year Fixed Low Interest Rate with Down Payment Assistance | 7.133% | 7.000% | $998.00 |
Meet the Mortgage Team
Jovia's mortgage specialists are here to help you through every step of the homebuying process.
Bob Richter
Bob Richter
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
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
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.
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.
