Mortgage Loans

At Geddes Federal, We Make The Mortgage Process Easy

At Geddes Federal, we are a local community financial institution that focuses on residential mortgage loans. Our employees are here to assist you from the prequalification, during the origination process, and through the life of your loan. Unlike many financial institutions, we will not sell your loan to a third party, and we will be here to answer your questions through the years.

For those customers who want to apply from the convenience of their own home, Geddes Federal Savings also provides our customers the ability to apply online for both their prequalification and mortgage. And, if you need a little extra help during the online application process, please feel free to call us at (315) 468-6803 or contact us by submitting your question below.

Download our Mortgage Application

Need help completing the mortgage loan application process?

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We Have The Mortgage Programs, Terms And Rates Designed With You In Mind

Everyone’s needs are different. Because of this, Geddes Federal offers mortgage products that are sure to meet your needs. We offer our customers fixed rate mortgages from 5 to 30 years, as well as Adjustable Rate Mortgage Products such as the 10-1 ARM, 7-1 ARM and 5-1 ARM.

In addition to the monthly payment option, we offer a bi-weekly payment option. The bi-weekly payment is popular with those individuals who would prefer to make a payment every two weeks, and pay off their mortgage sooner. Often, this saves them thousands of dollars!

We also do not charge PMI (Private Mortgage Insurance) which can save our customers even more money.

Check out our rates

First Time Homebuyer Program

Are you a first time home buyer? Maybe you haven’t owned a home for 3 years and are ready to enjoy the benefits of home ownership again. If so, Geddes Federal’s First Time Homebuyer Program may be for you. For qualifying borrowers, Geddes Federal will pay the mortgage tax and attorney fee due at closing, up to $1,600. Terms and conditions may apply, so call us at (315) 468-6803 to see if the First Time Homebuyer Program is right for you.


This program is designed for Low to Moderate Income Customers who may need a little extra help realizing their dream of homeownership. It is also for those individuals purchasing a residential home in a low to moderate income area. Qualifying Onondaga County residents only need a 3% down payment for loans up to $150,000. Better yet, it can be combined with the First Time Homebuyer Program. Contact us to learn if you qualify, and receive a full understanding of the additional benefits available as well as terms and conditions that may apply.

mortgage loan near syracuse ny couple holding keys to new house geddes federal savings

Frequently Asked Mortgage Loan Questions

Do you have questions? Please see our frequently asked questions below, or better yet, call us at (315) 468-6803. You can also submit your question here and someone will reach out to you to help.

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  • You can apply online for a prequalification* letter, up to 90% LTV, or
  • You can make an appointment with one of our friendly and knowledgeable mortgage originators who can help you.

Apply Online for Pre-Qualification*

  • You can apply online
  • You can make an appointment with one of our friendly and knowledgeable mortgage originators who can help you.

Apply Online

Download our Mortgage Application

Need help completing the mortgage loan application process?

Contact Us

  • You have the peace of mind that comes with knowing your home mortgage lender, and knowing that we will never sell your loan, and will service your home lending needs for the life of your loan.
  • Your payments can be made easily, either by local mail, bill pay, auto debit or in person at one of our locations.
  • Any problems may be resolved by a local phone call or a simple visit to one of our offices. In fact, the original personnel that assisted with your loan application may be the same person that answers any questions or provides assistance later on.
  • If you are someone who prefers the premium service and peace of mind that comes from dealing with a local community financial institution, then Geddes Federal Savings and Loan Association is the place for you.

One discount point is a fee equal to 1 percent of the loan amount. Example: for a $150,000 mortgage 1 point = $1,500.00. A lender can charge 1, 2 or more points.

Adjustable rate mortgages (ARMs) are a good alternative mortgage for the customer who initially needs a smaller monthly payment or for the customer who hasn't moved up to their dream home. ARMs usually have rates lower than the fixed rate mortgage.

Features Include:

  • Rate is fixed up to the 10 years, 7 years or 5 years.
  • After that the rate is based on a 1 year ARM (adjusts annually)
  • Fast turnaround on application
  • Protective rate caps
  • Competitive rates

*Prequalification for a loan is available for first Lien purchases with monthly and biweekly payments.