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No Closing Costs Mortgage

If you're looking to purchase or refinance and you don't want to pay any closing costs consider Northern’s No Closing Costs Mortgage. Mortgage closing costs can be several thousands of dollars. Most members save on average, about $4,000 in costs. See how much you can save when you choose our No Closing Costs Mortgage!

  Our team of experienced Home Lending professionals are ready to work with you, wherever and whenever is convenient. Plus, when you inquire or apply online you’ll get $100 Cash Back at mortgage closing. 

Here's what is covered:   
Processing fee: $360 
Underwriting fee: $795 
Appraisal fee: $395
Closing/escrow fee: $525
Courier fee: $32 
Credit report fee: $40 
Flood certification fee: $10 
Tax service fee: $80 
Recording fees: $340 
Abstract fees: $245 (varies)
Mortgage tax: $550 (varies) 
Lender’s title insurance fees: $700 (varies)  
Estimated Savings: $4,072             

Here's what’s not covered:   
Real Estate taxes Homeowner’s (hazard) insurance premiums 
Interest Owner’s attorney fees 
Mortgage and transfer taxes 
Home inspections (if needed) 
Owner’s title insurance (if purchased) 
Private mortgage insurance premiums (if needed) 
Flood insurance premiums (if needed) 
Reserve (or escrow) funds for property taxes and homeowner’s insurance (if required) 

Additional Details:

Valid on owner occupied, 1-4-family residential properties. Property and hazard insurance are required and are the responsibility of the borrower. “No closing costs” means no: processing fee, underwriting fee, abstract fees, lender’s title insurance fee, appraisal fee, closing/escrow fee, courier fee, bankruptcy search fee, credit report fee, flood certification fee, tax service fee, recording fees or mortgage tax. Member is responsible for prepaid costs including homeowner insurance premiums, prepaid interest and town/county/school taxes and down payments. If a member obtains owner title insurance, the member is responsible for the premium. For mortgages with less than 20% down payment, Private Mortgage Insurance (PMI) is required and the member is responsible for PMI premiums. If the no closing cost mortgage is closed or discharged within the first three years, Northern may collect the third-party closing costs from the member that were waived when the loan was opened. If a customer selects an attorney to represent him/her, customer is responsible for attorney fees. Northern Credit Union will not pay for a survey, nor any other item that is ordinarily paid for by the seller. A primary savings share account with $5 balance is required for Northern Credit Union membership.

Ready to Learn More?

We’re here to help make it easier to refinance or purchase a home with our no closing costs loan program. We look forward to working with you.

Visit: Any of our seven branches in Northern New York  
Click: Send us an email or get started with an inquiry


$100 will be deposited into a Northern Credit Union account at the time the mortgage loan is funded.