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Mortgage Loans

mortgages and loans in syracuse ny

Why We Won't Sell Our Mortgage Loans

Learn More Here

That is one of the advantages of using a mutual community bank like Geddes Federal Savings and Loan Association. We're owned by our depositors so we make decisions that are local and in the best interest of our customers.  We don't sell our home loans, and here is what that means to you:

Advantages of Getting a Geddes Mortgage Loan

  • You have the peace-of-mind that comes with knowing your home mortgage lender, and knowing that we will service your home lending needs for the life of your loan.
  • Your payments can be made easily, either by local mail, bill pay 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.


Home Loans From Our First Time Home Buyer Programs

If you're a first time home buyer, Geddes Federal Savings & Loan Association offers home loans to meet your unique needs. Our professional, knowledgeable and friendly staff are here to help you through this important milestone in your life. 



Home Loans From the Geddes Start Program

The Geddes Start program is a first time home buyer program that helps new potential homeowners get home loans with favorable terms. The Geddes Start program makes home loans possible by reducing your up front costs associated with home ownership. Additionally, the Geddes Start program offers home loans with terms up to 30 years.



Is the Geddes Start program right for you?

Let's talk about how we can help you with your 1st home purchase.

Save With 15 Year Mortgage Rates

Geddes Federal Savings & Loan Association offers a 15 year mortgage featuring monthly payments  with an APR of 3.081% and an interest rate of 3.000%. Our 15 year mortgage products also include a 3.120% APR with a 2.875% rate for a 15 year mortgage loan with bi-weekly payments.

Learn more about our 15 year mortgage rates here.

Benefits of 15 Year Mortgage Loans

15 year mortgage loans can come with long term savings benefits. Because 15 year mortgage loans are half the term of a 30 year mortgage loan, you can save money in the long term by paying back your mortgage loan faster.

How Much Does A Mortgage Loan Cost?

Try Our Mortgage Calculator, or See Our Current Mortgage Rates

****2017 Bi-Weekly Mortgage Payment Schedule****

How To Apply For Mortgage Loans

Download our Mortgage Application
Includes lists of documents needed to complete application process:

1. Signed purchase contract
2. Legal description of subject property (deed or existing survey)
3. Last two pay-stubs
4. If overtime or bonuses, provide last two years of W-2s
5. If self-employed, provide last two years of personal tax returns
6. If partnership or corporation, provide last two years of business returns
7. All current bank statements: checking, savings, investments, 401k, Ira’s, etc.

*Mortgage application fee - Please contact us for details.

*Add $50.00 for property located outside of Onondaga County.

Application fee includes: Appraisal fee, Flood certification fee, credit report(s) and loan processing.

*Additional fees will apply for closing costs.

If a refinance, provide all of the above except #1 and #2 need both the deed & survey.
Include last two paid property tax receipts and copy of current home owners policy.

**Please include the above with completed application and deliver in person or mail to Geddes Federal Savings, 2208 West Genesee St., Syracuse, New York 13219**

What exactly is a discount point?

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 Mortgage Loans

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:

  • 10/1 ARM, 7/1 ARM, 5-1 ARM-
  • Rate is fixed up to the 10 years, 7 years or 5 years.
  • After that the rate is based on a 1 year ARM
  • Fast turnaround on application
  • No points, no application fees, no pre-payment penalty fees
  • Owner-occupied property only
  • Protective rate caps
  • Competitive Rates

****2017 Bi-Weekly Mortgage Payment Schedule****

Mortgage Loan Originators

Jean Koch
NMLS #1588585
(315) 671-5926
jkoch@geddesfederal.com

Christine Lauricella
NMLS #491199
(315) 671-5927
clauricella@geddesfederal.com

Shauna Grant
NMLS #1460014
(315) 671-5939
sgrant@geddesfederal.com

Patricia Orioli
NMLS #491200 
(315) 671-5920
porioli@geddesfederal.com

Kathy LaMora
NMLS #491201 
(315) 671-5905
klamora@geddesfederal.com

If you need a mortgage loan, email one of the above mortgage loan originators, or contact us.


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  • What Our Customers Say –
    "I have both my personal and business accounts with Geddes and recommend Geddes Federal Savings to anyone looking for a great place to bank. I love that Carol smiles remembers my name when I walk in the door. Working with Karen I feel like I have a knowledgeable financial team on my side." -Yvonne …
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