Home Mortgage Loans

• Competitive rates for home purchase, refinance, or construction
• Available for primary residence, second homes, vacation homes, or investment properties
• A variety of financing programs available:
  • First-time homebuyer specials
  • Fixed-rate mortgages
  • Construction Loans
• Expert Mortgage Loan Officers available to assist with your home financing needs
• Free pre-qualification for extra confidence when buying your home
• Refinance your current home to access your equity
• Accommodating repayment terms that fit your budget
• Quick, local decision-making and processing right here in Central New York
• Attentive, friendly service from start to finish

Find a Mortgage Officer 

Solvay Bank Mortgage Center

There’s a lot involved with buying a home. We’ll help you make sense of it all. Visit our mortgage center to locate a loan officer, review unfamiliar terms, and access additional mortgage resources.

Visit Mortgage Center

A mortgage pre-qualification is the first step in the homebuying process. Use a mortgage pre-qualification to understand exactly what kind of mortgage you’ll be able to afford — before you begin your house hunt.

Solvay Bank offers online mortgage pre-qualification that takes minutes to complete. Click the “Apply Now” button to get started.

Homebuyer Dream Program® 

Contact us to see if you qualify for a grant to help with the purchase of your home

At Solvay Bank, we want to help make buying a home an attainable goal for everyone. For many, saving for a down payment and closing costs is the main challenge. With the Homebuyer Dream Program®, you can receive a grant up to $10,000 for your home’s down payment, closing costs, and homeownership counseling costs! Funds are available on a first come, first served basis. 

Requirements for the Homebuyer Dream Program®

• The Homebuyer Dream Program® is available if you: 
• Are a first-time homebuyer or have not owned a home in the last three years (except for single parents and displaced homemakers who own only a primary residence with their spouse)
• Meet income eligibility requirements, including a household income at or below 80% of the median income in the county where you are purchasing a home
• Provide at least $1,000 down payment towards the purchase of the home
• Complete a homeownership counseling program
• Qualify for and obtain a mortgage at Solvay Bank

Get Started Today

1. Make an appointment with a Mortgage Loan Officer. At your appointment, if qualified, you’ll sign the Enrollment Terms & Conditions which outlines the program requirements. You will also need to bring:
   • Most recent 30 days of pay verification (paystubs, Sch. C, SSI, etc.)
   • Last 2 years’ FEDERAL tax returns
   • Last 2 years’ W-2s for all employment
   • Most recent Bank Statements/Asset Accounts (two months for each account)
2. Complete an approved homebuyer education course. The course can answer questions about the home buying process and prepare you for purchasing a home.
3. Qualify for a Solvay Bank mortgage. Your Mortgage Loan Officer will guide you through this process. At closing, you will also sign a subordinate mortgage for the Homebuyer Dream Program® grant. Your grant term is forgiven after five years; however, if your home is sold prior to five years, under certain circumstances, you may have to repay all or a portion of the grant.

Easy: We provide assistance to help you obtain a generous grant from the Federal Home Loan Bank of NY (FHLBNY) to use toward your home’s down payment and closing costs.

Smart: A great way for qualifying first-time homebuyers to realize their homeownership dream.

To learn more about the Homebuyer Dream Program®, as offered by Solvay Bank, contact one of our Mortgage Loan Officers today at 315-484-2205 or [email protected].

Homebuyer’s Assistance Program

Eligible individuals can receive a Buyer’s Credit of up to $2,500 toward closing costs when purchasing a home in Onondaga County and obtaining mortgage financing at Solvay Bank.

Qualifications

In order to qualify for the Solvay Bank Homebuyer’s Assistance Program, applicants must meet the following requirements:

• Have a total household income of 80% or less of median area income for Onondaga County
• Purchase and maintain a home as a primary residence in Onondaga County
• Qualify for and obtain mortgage financing through Solvay Bank
• Agree to sign a three-year Recapture Clause at the time of closing

There are a limited number of Buyer’s Credits available.

HomeReady™ Mortgage Program

To find out if you qualify, please contact one of our Mortgage Loan Officers at 315-484-2205.

Onondaga County Homeownership Program

The Onondaga County Homeownership Program purchases, rehabilitates, and sells single-family homes at a subsidized price to qualifying homebuyers. As a partner lender in this Program, we offer mortgage financing options to qualified applicants. Onondaga County determines the eligibility for the grant.