Mortgage Products

The Clear Choice for Your Mortgage Loan:

mortgage loans at Gouverneur Savings & Loan Association

  • No Closing Cost Options for Primary Residences
  • Pre-Qualify and Apply Online
  • Friendly, Knowledgeable and Local Mortgage Professionals 
  • Affordable Mortgage Rates 

Contact Us to Get Started


We Guide You Through the Mortgage Loan Process, Making It Easy

mortgage loans ny happy couple with child in front of house

Gouverneur Savings & Loan takes pride in our dedicated, experienced, and friendly loan staff that will explain our loan products and help you decide which product best serves your needs. They will guide you from the first time you speak with them through the loan closing and beyond, answering your questions and offering assurance along the way.


Our loan staff can help you determine how much your budget will allow you to borrow comfortably before you start looking for your new home. We offer a Pre-Qualification Form which you can complete online or with one of our loan staff in person. Most realtors require a Pre-Qualification Letter before they schedule home showings with you.

Loan decisions are made locally.

Online Mortgage Application


MPF Program-Competitive Fixed Rate Mortgage Program

  • Fixed rate
  • Up to 30-year term
  • Primary and secondary homes
  • Purchase and refinance
  • You will be able to contact your loan officer for questions or concerns as the loan is serviced locally by Gouverneur Savings and Loan.

Let's Talk About Your Mortgage Loan Options


Fixed Rate Mortgages

  • Interest rate is based on loan terms of 10 years to 30 years
  • Maximum loan amount up to 97% for qualified borrowers based on the appraised value or purchase price, whichever is less.

  • Equal monthly payments
  • Purchase, refinance, and construction loan products
  • Primary residence, second homes, investment properties
  • Mortgage Insurance available
  • No closing cost option for primary residences only

Let's Talk About Your Mortgage Loan Options


Adjustable Rate Mortgages

  • Rates based on loan terms of 10 years to 30 years
  • Maximum loan amount up to 97% for qualified borrowers based on the appraised value or purchase price, whichever is less.

  • Interest rate is fixed for 1, 5 or 10 years, adjusting annually thereafter with a yearly cap of 2% and a lifetime cap of 6% over initial rate
  • Purchase, refinance, and construction loan products
  • Primary residence, second homes, investment properties
  • Mortgage Insurance available
  • No closing cost option for primary residences only

How Do You Know Which is Best for Your Budget?

We Make It Easy

Call Us at 315-287-2600


Home Equity Line of Credit

  • Prime + 0 interest rate, floor is initial rate and lifetime cap of 8% over initial rate
  • Maximum loan amount is based on 80% of the appraised value less current mortgage if applicable.
  • Monthly payments for draw phase are based on 1/240 of the outstanding balance or a minimum of $100 plus interest, 1/120 for payback phase.
  • 10 year draw/10 year payback
  • Primary homes only
  • No closing cost option for loan amounts $25,000 and over.  Low closing costs for loan amounts under $25,000

Second Mortgages

  • Interest rate based on loan terms of 5 years to 15 years
  • Maximum loan amount is based on 80% of the appraised value less current mortgage if applicable
  • Fixed monthly payment
  • Low closing costs

Construction Loans

  • Fixed or adjustable rates
  • 10-30 year term
  • No closing cost option available
  • 12 month construction period
  • One loan closing
  • Advances for work completed based on appraiser’s inspection

Mortgage Application Form


Owning Your Own Home Starts at Gouverneur Savings and Loan

  • Get Answers to Your Questions 
  • No Closing Cost Options for Primary Residences
  • Helping You Find Rates & Terms That Make Sense for Your Budget

Let's Talk