Loans
Homestead Funding has it all!
- Founded in 1992 - consistently ranked as the number one Residential Mortgage Lender by the Albany Business Review.
- Local in-house underwriting, processing, closing and funding for superior, responsive, and on-time closings.
- Highly experienced and knowledgeable Licensed Loan Originators help guide buyers through the process.
Extensive Home Financing Options
- FHA - including 203k Renovation and Energy Efficient Mortgages
- Conventional - including Homestyle Renovation
- VA
- JUMBO
- USDA Rural Housing
- Investment Property and Second Home Options
- New Construction Disbursement Loans
What is a Home Equity Loan?
Home equity lending uses the equity of your home as collateral, so you can borrow at a lower interest rate and often with no closing costs. Choose from a home equity line of credit (or HELOC) - a variable rate, revolving line of credit that's there for ongoing projects or expenses - or a home equity loan for borrowing a lump sum to cover one-time expenses or mortgage financing. Pioneer can help you find the best fixed or variable rates and flexible term options to meet your borrowing needs. Learn about our home equity line of credit and loans below.
Variable Rate Home Equity Line of Credit
- View our special introductory rates here
- No closing costs for loans up to $300,0001
- Flexible borrowing
- Fix a portion of the line2
- Minimum loan amount $5,000
Fixed Rate Home Equity Loans
- No closing costs for loans up to $300,0001
- Various repayment terms available
- Fixed monthly payments
- Minimum loan amount $5,000
1) Bank will pay closing costs on loans up to $300,000. For loans in excess of $300,000 borrower will pay for the cost of title insurance ranging from $150.00 to $2,103.00. If the loan is cancelled for any reason within the first three years, your repayment amount will include reimbursement to Pioneer Bank for bona fide fees it paid to third parties on your behalf in connection with the opening of your account. Some loans may require NYS Mortgage Tax.
2) Option to lock in a fixed rate on all or any part of the variable-rate balance with a minimum balance of $5,000.
- No collateral required
- Loans amounts from $10,000 to $25,000
- Quick approval from local decision-makers
- Various repayment terms available depending on loan amount
- Fixed rate
- Fixed monthly payments
- No appraisals or estimates required
- No collateral required
- Loan amounts from $2,000 - $10,000
- Quick approval from local decision-makers
- Various repayment terms available
- Fixed rate
- Fixed monthly payments
- Loan amounts from $2,000 and up
- Quick approval from local decision-makers
- Various repayment terms available
- Low, fixed rate
- Fixed monthly payments
Simply RewardsTM VISA Credit Card
- 3x the points: Grocery Stores, Discount Stores, Gas Stations, Restaurants & Fast Food
- 1x the points: All other purchases
Additional Visa Benefits
- Fraud Protection: Visa's Zero Liability Policy means you won't be held responsible for any unauthorized charges made with your card or account information.2
- Others: Including auto rental coverage, emergency cash, travel/emergency assistance, warranty manager and more.3
- Online Credit Card Control: View transactions, pay bills and track expenses; Includes eStatements with 18 months of history
- Online Account Access – www.cardcenterdirect.com
- Rewards Points Redemption – www.cardcenterdirect.com
- Customer Service – 1.800.821.5184
- Lost/Stolen Credit Card – 1.800.821.5184
1. Subordination
$300.00 when Pioneer Bank is requested to subordinate an existing junior lien (equity line, fixed rate equity, home improvement loan, etc.) to a different lender who holds or will hold the first mortgage. Fee is collected at time of request.
2. Release of Parcel
$595.00 when Pioneer Bank is requested to release a parcel of land from a mortgage. Fee is collected at time of request.
3. Release of Liability
$595.00 when Pioneer Bank is requested to release a borrower from liability on a mortgage due to marital separation, partnership separation or divorce. Fee is collected at time of request.
4. Assignment of Mortgage Requested from another Lender
$600.00 to $1,000.00 depending on the nature and extent of the assignment and resulting review. Fee is collected at the time of the request.
5. Assignment of Mortgage Requested by Pioneer Bank
$300.00 when an assignment will be requested by Pioneer Bank from another lender. Fee is collected at the time of request.
6. ARM Conversion
$500.00 to convert an eligible ARM loan to a fixed rate. Fee is collected at the time of request.
7. HELOC Fixed Rate Loan Balance Transfer Request
$50 per request. Fee is collected at the time of request.
8. Duplicate Discharge Fee
$50 per discharge Fee is collected at the time of request.
9. Research Fees
$20 per hr. and $.50 per page for copies. Fee collected upon completion of research.
10. Loan Extension Fee
$35 per loan extension. Fee is collected at the time of request.