Mortgage Products ^top

With a wide variety of mortgage products and help from knowledgeable Mortgage Origination Counselors, ESL will help you find the mortgage that puts you together with the home of your dreams.

No Closing Cost Mortgages ^top

No closing costs¹ and up to 95% financing can save you hundreds or even thousands of dollars right away. Our very competitive rates offer a more affordable monthly payment just when you need it most. Best of all, we service what we sell. So, you can count on ESL for friendly, personal service.

No Closing Cost mortgages are ideally suited for:

First-time homebuyers short of cash.
Move-up buyers with little equity in their current house.
Buyers who want extra cash for the down payment, remodeling, etc.
Homeowners refinancing to lower their rate and capture immediate savings.

More flexibility and savings with ESL No Closing Cost mortgages.

Select from a 3/1 or 5/1 year ARM² program OR our Fixed-Rate 30, 20, 15-year or 7-year balloon on both conventional and jumbo mortgages.
Save thousands in out-of-pocket expenses for a slightly higher rate.
Pay only recurring costs; e.g. tax escrows, daily interest, and homeowners' insurance.
Refinance at a lower rate and begin saving immediately because there's no breakeven period to recover your closing costs.
Get money back with our unique Owners' Dividend^*.

Don't let a shortage of cash stop you from buying a new home or refinancing your existing home.

Free pre-qualifications are available by phone. To find if an ESL No Closing Cost Program is right for you, contact an ESL Mortgage Origination Counselor at 585.336.1502 or 800.352.6669.

Fixed-Rate Mortgages ^top

Fixed-rate mortgages are ideal for those who want a fixed monthly payment for the life of their mortgage and who plan to stay in their home for a long period of time. In addition:

A fixed rate frees you from mortgage rate swings.
Predictable monthly payments remain the same for the life of the loan.
Your equity grows faster than with an adjustable or balloon mortgage.
You can save money with available no/low-down payment options.
Our unique Owners' Dividend^* pays back some of the interest you pay.

Adjustable-Rate Mortgages (ARMs) ^top

Adjustable-rate mortgages¹ are for homeowners who want to start with the lowest possible rate or who plan to move or refinance in a few years. Here are some other worthwhile ARM benefits to consider:

More affordable monthly payment because the initial rate is typically lower than a traditional fixed-rate mortgage.
Lower initial payments can qualify you for a larger loan amount.
Save money during the initial rate period, after which the rate adjusts periodically with market conditions.
Rate caps protect you from large payment swings during volatile rate environments.
Select from 1, 3, or 5 to 1 year ARM programs.
Save on out-of-pocket expenses with our no closing cost option on our 3 and 5 to 1 ARM programs.
Our unique Owners' Dividend^* pays back some of the interest you pay.

7-Year Balloon Mortgage ^top

The 7-year balloon mortgage is for those who relocate regularly or who plan to stay in their home for less than seven years. Payments are based on a 30-year repayment schedule. The borrower must pay off or refinance the mortgage at the end of the seventh year. Benefits to consider include:

A fixed rate frees you from mortgage rate swings.
Monthly payments remain the same for the life of the loan.
Typically, payments are lower than a traditional fixed-rate loan.
Our unique Owners' Dividend^* pays back some of the interest you pay.

ESL Affordable Housing Solutions ^top

Think owning a home of your own is out of the picture? With ESL Affordable Mortgage Solutions, home ownership is possible. Find out which program best fits your needs and say "Yes" to the home of your dreams.

No-Down Mortgage Loan Programs

No down payment required for qualified borrowers.
Ideal for first-time homebuyers, move-up borrowers, retirees, and low to moderate-income borrowers.
Features Home Possible^®100 Mortgage¹.

Low-Down Mortgage Loan Programs

A small down payment required for qualified borrowers.
Ideal for first-time homebuyers, move-up borrowers, retirees, and low to moderate-income borrowers.
Features Home Possible^®97 Mortgage¹ along with other ESL low-down mortgage options.

Neighborhood Solution

Exclusively for certified Educators, Firefighters, Law Enforcement Officers, Licensed Healthcare workers, and Military Personnel.
Features Home Possible^® Neighborhood Solutions 100 Mortgage and 97 Mortgage¹.
No down payment and low down payment options.
Flexible credit and qualifying guidelines
Income limits may apply

Call an ESL Mortgage Originator today for a free pre-qualification at 585.336.1502 or 800.352.6669. Or, submit a request online to be contacted by a Mortgage Originator.

New Construction Loans ^top

If you want to build a new home, own the property, and have a builder or general contractor purchase contract, an ESL construction loan can benefit you in a number of ways. This program is not available for builder owners.

With 20% down, you can choose from two programs - the one-step or two step program.
Simple, easy one-application process.
Available low-cost, extended rate locks.
Choose from a fixed-rate, adjustable-rate, balloon, or jumbo mortgages.
Four draw stages to protect the borrower.
Our unique Owners' Dividend^* pays back some of the interest you pay.

Jumbo Loans ^top

The jumbo loan is for those moving to a larger, more expensive home and can afford larger monthly payments. Here's what you can expect:

Larger loan amounts starting at $417,000.
Very competitive rates.
Choose a fixed-rate mortgage or a seven-year balloon mortgage.
Our unique Owners' Dividend^* pays back some of the interest you pay.