Affordable LMI Mortgage Programs¹

We help make the dream of home ownership, for low-and-moderate-income ("LMI") individuals, come true with a variety of affordable mortgage products for first-time homebuyers and current homeowners. Explore our Affordable Mortgage Programs and speak with one of our mortgage professionals who can help assist you to find the best mortgage that fits your needs. 

LMI Home Start Mortgage²

Make your home ownership dream a reality with an affordable first-time homebuyer mortgage for LMI borrowers that offers

• Reduced interest rate **Call for current Mortgage Rates**
• 95% loan-to-value ("LTV") financing³
• Qualifying properties consist of 1-4 family residence and condominium units
• Non-Jumbo loan limit
• No application fees
• No origination fees
• Consideration of income from non-household co-borrowers to qualify for the loan

To be eligible for an LMI Home Start mortgage loan, the LMI applicant must be a first-time homeowner who is purchasing an owner-occupied property located in the New York metropolitan area. The LMI applicant's annual income cannot be greater than 80% of the median income in the area. If an LMI applicant is unable to qualify for the mortgage based upon his/her income alone, the income of the non-household co-borrowers can be considered for qualification purposes, even though the co-borrowers do not intend to live in the property being purchased. 

LMI Advantage Mortgage⁴

If you already own a home, you can still take advantage of an affordable mortgage. With an LMI Advantage Mortgage, you can refinance your home, purchase an investment home or access the equity in your home for improvements or other personal needs. The LMI Advantage Mortgage program offers:

• Reduced interest rate **Call for current Mortgage Rates**
• 75% LTV on refinance
• 95% LTV on owner-occupied purchases / 80% on non-owner occupied purchases
• Qualifying properties consist of 1-4 family residence and condominium units
• Non-Jumbo Loan Limit
• No Application fees
• No Origination fees
• Consideration of income from non-household co-borrowers to qualify for the loan

To be eligible for an LMI Advantage mortgage, the property must be located in the New York metropolitan area. The LMI applicant's annual income cannot be greater than 80% of the median income in the area. If an LMI applicant is unable to qualify for the mortgage based upon his/her income alone, the income of the non-household co-borrowers can be considered for qualification purposes, even though the co-borrowers do not live in the LMI applicant's household.

1. All loan products are subject to credit approval and property acceptance. All mortgage loans are originated by Cross County Savings Bank. This website does not represent any offer to enter into a loan agreement. Fees and charges may apply depending on the loan product you select. Refinancing to payoff existing debt may extend the term of the debt, possibly resulting in higher overall costs and increasing the total amount paid. Fees are subject to change. Other terms, conditions and restrictions may apply. Please contact our mortgage professionals to inquire about all of the conditions that may apply to a particular loan product.
2. LMI Home Start Mortgage: Borrower must qualify as a First-Time Homebuyer and meet income requirements to qualify for an LMI Home Start Mortgage. The subject property must be located in the New York metropolitan area. 
3. Any loan in excess of 80% loan-to-value (LTV) will require Private Mortgage Insurance ("PMI").
4. LMI Advantage Mortgage: Borrower must meet income requirements to qualify for an LMI Advantage Mortgage Loan. The subject property must be located in the New York metropolitan area.

You may file a complaint about Cross County Savings Bank or obtain further information from the New York State Department of Financial Services by calling the department's consumer assistance unit at 1-800-342-3736, or by visiting the department's website at www.dfs.ny.gov.