Finding the perfect home is exciting—don’t let financing slow you down. Our Mortgage Pre-Approval program helps you stay ahead in the buying process, giving you stronger negotiating power and a quicker path to closing.

Whether you're a first-time buyer or searching for a vacation home, getting pre-approved makes it easier to secure the mortgage that fits your needs—without the last-minute stress.

For more information, call us at (607) 737-3815, or toll-free at (800) 836-3711, extension 3815, and ask to speak to a Mortgage Specialist. Or email our Mortgage Department by clicking here.

Buying your first home is exciting, but understanding the financing process can be challenging. At Chemung Canal, we’re here to take the stress out of buying a home, so you can focus on finding the one that’s right for you.
How much can you afford? What will your monthly payments look like? What type of loan best fits your situation? Our team provides expert guidance, helpful tools, and personalized service to make the process as smooth as possible.

Let’s get started! Call us at (607) 737-3815 or toll-free at (800) 836-3711, extension 3815, to connect with a Mortgage Specialist today.

No closing costs means no: origination fees/points, application fees, flood-check fees, credit-report fees, appraisal fees, mortgage-recording fees, title search fees, lender title insurance fees, bank-attorney fees and mortgage-recording tax. Valid on primary residence, 1-4 family residential properties only. Private Mortgage Insurance (PMI) is required on loans with less than 20% down payment. You will be required to reimburse the Bank fees paid to third parties that were waived as part of the no-closing cost mortgage if it is closed or discharged within the first three (3) years after the opening date. The Bank will not pay for a survey, nor any other item that is ordinarily paid for by the seller.

A first-time homebuyer is defined as an individual or family who has not owned a home during the three year period prior to purchase. Exceptions to the three-year period exist for any individual who is a displaced homemaker or a single parent or any individual that owns or owned as a principal residence during such three-year period, a dwelling unit whose structure is not permanently affixed to a permanent foundation in accordance with local or applicable regulations. Existing homes only (no construction mortgages).

Want to pay off your mortgage sooner and save on interest? A bi-weekly fixed-rate mortgage allows you to make half-payments every two weeks instead of one full monthly payment—helping you build equity faster while reducing long-term interest costs.

As one of the first banks in the area to offer bi-weekly mortgages, Chemung Canal understands the advantages of this payment plan. Our Mortgage Specialists are here to help you decide if it’s the right fit for you.

How it works:

• Pay one-half of your mortgage payment every two weeks, instead of making a full payment each month. This means that you make 26 bi-weekly payments each year rather than 12 monthly payments
• You pay less interest over the life of the loan because the loan is paid off several years sooner, compared to a monthly mortgage
• Payments are automatically deducted from a Chemung Canal checking or savings account
• You benefit by knowing your loan is always being paid on time
• With a variety of terms, low down payments, and competitive closing cost rates, we will work with you to find the perfect mortgage solution to fit your needs

For more information, please call us at (607) 737-3815 or toll-free at (800) 836-3711 extension 3815 and ask to speak to a Mortgage Specialist.

A fixed-rate mortgage lets you lock in your interest rate, so your principal and interest payments stay the same for the life of the loan. With flexible loan terms, competitive rates, and low down payment options, Chemung Canal is here to help you secure a mortgage that fits your financial goals.

Ready to take the next step? Call us at (607) 737-3815 or toll-free at (800) 836-3711, extension 3815, to connect with a Mortgage Specialist.

Looking for lower initial monthly payments? An Adjustable-Rate Mortgage (ARM) offers competitive interest rates and a low down payment requirement, giving you more affordability upfront. Over time, your interest rate may adjust based on market conditions, which could mean future savings.

Our Mortgage Specialists will help you determine if an ARM is the right fit and get you through the process quickly.

Download the Consumer Handbook on Adjustable-Rate Mortgages (PDF)

For more details, call (607) 737-3815 or toll-free at (800) 836-3711, extension 3815 to speak with a Mortgage Specialist.

There are many reasons to refinance—whether it’s to reduce your interest rate, consolidate debt, or finance home renovations using the equity you’ve built. At Chemung Canal, we offer a variety of refinancing programs, including fixed- and adjustable-rate options, with low closing costs and competitive rates.

When you refinance with us, you’ll get expert guidance and a financing plan tailored to your needs.
Let’s find the right refinancing solution for you! Call (607) 737-3815 or toll-free at (800) 836-3711, extension 3815, to speak with a Mortgage Specialist.

Building a home? Our construction loan program gives you the flexibility to choose a fixed- or adjustable-rate mortgage with terms that match your financial needs. Whether you’re using a low down payment option or leveraging existing equity from land or site improvements, we’re here to help.

Need financing for a multi-unit property or non-owner-occupied build? Our experienced Mortgage Specialists can guide you through the process and find the best loan option for your project.

Benefits and Features

• Choose from a fixed-rate or adjustable-rate mortgage
• Select from a variety of terms to fit your needs
• Enjoy a low-down payment
• Close before the start of construction and pay monthly for interest on funds we've advanced to you
• Once your project is complete, begin regular mortgage payments
• With only one closing, you save the cost of a second closing

One-Time Rate Modification

This offer allows the option to adjust your rate on a construction or jumbo mortgage, once during the life of the loan.  Please see details below: 

•  This option becomes available once 12 consecutive monthly payments have been received by the Lender. For a construction-permanent loan, a minimum of 12 monthly payments must be made after the construction phase has been completed.
• At the time the rate modification is executed,  there must have been “on-time” payments for the most recent preceding 12 months (“on-time” is having paid no later than the expiration of the grace period).
• The fee to execute the rate modification option is .75% of the outstanding balance of the Note, as of the date the modification is executed.
• The Note Rate will be modified to the current market rate, as of the date the modification is requested by the Borrower in writing and received by the Lender.  All other terms and conditions of the Note will remain in effect.

For more information, please call us at (607) 737-3815 or toll-free at (800) 836-3711 extension 3815 and ask to speak to a Mortgage Specialist.