Real Estate Loans

Buying and owning a home is certainly a worthwhile financial goal, but some aspects of the process can be complex, expensive, and downright exasperating. We’re here to make this experience enjoyable – and to keep your stress level and payments low!

First Mortgage Loans

As members of the New York State Credit Union League, we use their agency, OwnersChoice Funding (formerly CUC Mortgage) to provide Home Mortgage Loans and servicing for our members. Rates change daily.

  • Conventional Mortgages
  • FHA Loan Programs
  • USDA 30-Year Fixed Guaranteed Rural Housing Loans
  • VA Home Purchase Loans

When it’s time for a new home purchase, or time to refinance an existing loan, call us first (716-634-3881) to get our current rate. AFCU can help you get things started with prompt, personalized service in the credit union style. Click here for more information on OwnersChoice Funding.

Mini Home Equity Line of Credit

A “Mini” Home Equity Loan is a convenient, affordable way to turn equity in your home into a ready source of cash for almost anything you need.

  • Finance amounts from $1,000.00 to $30,000.00
  • A fixed rate with terms from 36 months to 60 months
  • One time advance of funds
  • Up to 90% financing of funds
  • Use your home as security
  • No closing costs when open for a 1 year minimum
  • Loan interest may be tax deductible

Do you need extra money quickly without extra paperwork or hassles? Do you own your own home? Inquire about a “Mini” Home Equity, it may be the perfect answer. Call our loan department for more information at (716) 634-3881 or click here for a printable application. Certain terms and conditions apply.

Home Equity Lines of Credit

This service is an open end Line of Credit designed for members interested in a Home Equity Loan with the convenience of a line of credit. Members are able to take advances as needed, rather than a lump sum. A line of credit is easy, convenient and the interest is tax deductible! Contact our loan department for more details or click here for a printable application.

  • Finance amounts from $10,000-$200,000
  • Terms up to 15 years
  • Choose between a variable rate and a fixed rate. The variable rate is tied to prime rate and may change only two times per year.
  • Up to 85% financing of funds
  • No closing costs when open for 3 year minimum
  • Loan interest may be tax deductible
  • Disability and credit life insurance available on any loan for eligible applicants

Notice To Borrowers

The SAFE Act requires financial institutions that originate mortgage loans (Home Equity Loans, Home Equity Lines of Credit, Mini Equity Loans and First Mortgages) to register with the Nationwide Mortgage Licensing System & Registry (NMLS). Loan Officers at financial institutions that are involved with mortgage loans in any aspect are considered Mortgage Loan Originators (MLO) and must also be individually registered with the NMLS. Each financial institution and MLO are assigned unique ID numbers. It is the consumers’ right to verify that the financial institution and/or Loan Officer are registered with the NMLS. The NMLS Consumer Access website is:

The following employees of Amherst Federal Credit Union (463322) are registered MLO’s with the NMLS:
Cindy Tichenor MLO#1432430
Jolene Bosworth MLO#1476119
Keri Walczyk MLO #583635
Stacey Koczaja MLO#1432021

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