Loan Options

Tompkins Mahopac Bank offers numerous options for the first time home buyer or the seasoned homeowner that includes competitive rates, expert advice, easy application process and quick decisions. We offer the following:

Fixed Rate Programs
You can choose from several terms. Make regular monthly payments throughout the life of the loan.

Visit our Mortgage Resource Center to get today’s rates, learn more and apply now 

Adjustable Rate Programs
We have a wide selection of adjustable rate mortgages to offer you more affordability. Longer terms between rate adjustments give you many of the advantages of fixed rate mortgages.

Visit our Mortgage Resource Center to get today’s rates, learn more and apply now 

Construction Loans
One loan - with one closing and fewer fees - does it all from start to finish. Funds are allocated during the construction period. The loan then converts to a permanent mortgage when construction is completed.

First Home Club*
Looking to buy your first home, but need help saving for the down payment?  The First Home Club may be able to help. The Federal Home Loan Bank of New York offers a savings plan which provides matching funds to help your savings grow quickly.  This program is match funded 4 : 1 for a maximum of $7,500 available for qualified buyers.  This program is subject to income qualifying guidelines.

SONYMA (State of New York Mortgage Agency)*
As a participating SONYMA Lender, we are currently offering the Low Interest Rate and Achieving The Dream mortgage programs.  Both programs offer a below market rate with maximum financing for 1-4 family properties and manufactured homes.  In addition, SONYMA will provide qualified borrowers with a down payment assistance loan of the greater of $3,000.00 or 3% of the Purchase Price up to a maximum of $15,000 that requires no monthly payment, is interest free and is forgiven after 10 years.  Income and purchase price limits apply.  This program is for SONYMA qualified borrowers only.

Community One*
The Community One Program offers reduced fees, maximum financing and higher qualifying ratios for eligible borrowers.  This program is available for owner occupied 1-4 family purchase transactions, with no mortgage insurance requirements.  This program is subject to income qualifying guidelines.

Additional programs also available:

  • Investment property financing  
  • Cash out and no cash out refinances 

Our mortgage specialists can help you choose the mortgage that is right for you. Visit any branch office or click here to request additional information.  House Loan

 All loans subject to credit approval
*Subject to income and other qualifying guidelines