Mortgages FAQ
-
Mortgage Tax and Insurance Contact Info
Your tax documents can be mailed to Visions at
Visions FCU
24 McKinley Ave
Endicott, NY 13760
Attn: Mortgage DepartmentYou may also drop them off at any Visions office, fax to (607)444-8648, or email: mortgages@visionsfcu.org
We have a mortgage for every stage of homeownership
Whether you are looking to move from your current house, looking to build a new house, or want to buy your first home, we have a wide selection of mortgage options for you. Buying a home and finding the right mortgage for you is a big decision.
Visit our Mortgage page for more information or apply today!
-
How can I close my escrow account?
An escrow account can only be closed if the following requirements are met:
- There have been no late payments within the last 12 months
- The current loan to value ratio (LTV) is 80.0% or less
To begin the account closure process, contact Visions Mortgage department at 800-242-2120 ex 10269.
-
What is an escrow account?
An escrow account is an interest-bearing account. With each monthly mortgage payment, money is deposited into an escrow account for taxes, homeowners insurance, and mortgage insurance. When taxes and insurance are due, the mortgage department draws from the account for payment to the tax agency and insurance companies.
Each year in March, Visions completes an escrow analysis on each Visions mortgage. Escrow is changed based on current tax payments and the mortgage payments are then adjusted accordingly. The new payment with the adjusted escrow should appear with the May payment. Analysis documentation is mailed prior to the payment change which explains any payment changes.
-
Should I notify Visions if my insurance company changes?
We accept coverage from most homeowner's insurance companies. If you choose to replace your current coverage, please send your replacement policy, along with your written authorization, to Visions at:
Visions FCU
24 McKinley Ave
Endicott, NY 13760
Attn: Mortgage DepartmentYou may also fax the documentation to 607-786-4869, or email it to mortgages@visionsfcu.org.
-
For which geographical areas does Visions offer mortgages?
Visions mortgage lending area includes homes purchased in the following counties:
New York State Broome Monroe Seneca Cayuga Onondaga Steuben Chemung Oneida Tioga Chenango Ontario Tompkins Cortland Orange Wayne Delaware Orleans Westchester Dutchess Oswego Wyoming Jefferson Otsego Yates Livingston Rockland Madison Schuyler Pennsylvania Bradford Lancaster Pike Berks Lebanon Schuylkill Carbon Lehigh Susquehanna Chester Monroe Tioga Cumberland Montgomery Wyoming Dauphin Northampton York New Jersey Bergen Middlesex Somerset Essex Monmouth Sussex Hudson Morris Union Hunterdon Passaic Warren We have a mortgage for every stage of homeownership
Whether you are looking to move from your current house, looking to build a new house, or want to buy your first home, we have a wide selection of mortgage options for you. Buying a home and finding the right mortgage for you is a big decision.
Visit our Mortgage page for more information or apply today!
-
What do I need to apply for a mortgage purchase or refinancing with Visions?
For a Mortgage Purchase, you will need the following:
- Your current residence address, or addresses, for the past two years
- Social security numbers for all borrowers
- Your employment history for the past two years. You'll need your employer(s) name, address and phone number
- Income information for all borrowers. You'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income
- The price of the home you are buying, and how much you'd like to borrow toward the purchase
- The address of the property you are planning to purchase
- Bank and brokerage account information, including the institution name and current balances
- If you own any real estate, we'll have some basic questions including, address, current market value, the amount you owe, the rental income you receive (if any), and what your monthly payment is
- Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment
For a Mortgage Refinance, you will need the following:
- Your current residence address, or addresses, for the past two years
- Social Security number for all borrowers.
- Your employment history for the past two years. You'll need your employer(s) name, address and phone number
- Income information for all borrowers. You'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income
- The year you purchased the property being refinanced, its original cost, current loan balance and payment amount
- Bank and brokerage account information, including the institution name and current balances
- If you own any real estate (other than the property you're refinancing), we'll have some basic questions including, address, current market value, the amount you owe, the amount of rental income you receive (if any), and what your monthly payment is
- Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment
Please note: based upon the type of refinance you are doing, some, or even most of the items on this checklist may not be necessary..
-
How do I view my mortgage details and transaction history?
To view your mortgage details and history:
- Log into your Visions account and select the Mortgage tile on your Home page.
- Next select the Details menu located under the Mortgage number on the left side of the page.
(When logged in through the Mobile App the Details menu is located under the Due Date.) - Next scroll down the page and click "Click Here for Mortgage Details"
A separate browser tab will open with menu options to access your mortgage information.