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

Computer monitor icon

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.

Arrows down icon

Keep costs low

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

House icon

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

Money in hand icon

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 2024, over $766,550.)

Apply Now Apply Now Apply Now

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 7.467% 6.875% $985.00
10/1 Adjustable 7.455% 7.000% $998.00
15/1 Adjustable 7.396% 7.125% $1,011.00
15 Year Fixed 6.712% 6.500% $1,307.00
30 Year Fixed 7.007% 6.875% $985.00
30 Year Jumbo 7.392% 7.375% $8,288.00

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.

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. Primary Residence and Second Home products are available, subject to specific terms in the following states: NY, NJ, FL. Investment properties are available in the following states NY, NJ.

4 Monthly payments per $150,000 borrowed. Monthly payment for 30 Year Jumbo mortgage is calculated per $1,200,000 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, Florida, and New Jersey. 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 January 1, 2024 through December 31, 2024. All loans are subject to credit approval. Cash bonus will post automatically to the members’ checking or share account 14 days after closing. Cash bonus is limited to one per loan closing. Loan must close by March 31, 2025 to be eligible. Applications submitted prior to the promotional period do not qualify. Cash bonus will be reported as income on IRS form 1099-MISC. Jovia reserves the right to limit this offer.

Membership eligibility requirements apply.