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Bethpage Federal Credit Union Mortgage Review 2023

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At a glance

Bethpage Federal Credit Union


Rating: 4.7 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA (refinance only), fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; home equity line of credit (HELOC); investment property (30-year fixed only)


Nationwide Availability

Available in all U.S. states except Texas

Credit Good

Min. credit score required

620 for conventional loans; 500 for FHA loans

Pros and cons

Checkmark Pros

  • Displays daily rates online
  • Rates tend to be lower than the national average
  • Free 60-day rate lock
  • Offers HELOCs

Close X Cons

  • Must be a member
  • Doesn’t offer USDA loans
  • Only offers VA refinances

Bethpage Federal Credit Union overview

Headquartered in Bethpage, New York, Bethpage Federal Credit Union has more than 430,000 members and more than $11 billion in assets. The credit union primarily serves members near its branch locations in Long Island, New York, and New York City; however, its home loan products are available to nearly anyone in the U.S. (with the exception of Texas), and the credit union offers quick online loan prequalifications.

Bethpage Federal Credit Union is good for

Borrowers who want access to below-average rates and other banking services

Breakdown of Bethpage Federal Credit Union overall score

  • Affordability: Bethpage Federal Credit Union’s competitive rates make it a more affordable option compared to other lenders.
  • Availability: Bethpage Federal Credit Union offers mortgages to borrowers in almost every state (excluding Texas), but its government-insured options are somewhat limited.
  • Borrower experience: The credit union’s website features helpful resources and tools, along with the ability to apply for a loan when you’re ready.


To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Affordability: 5/5

Bethpage Federal Credit Union lists current rates for all of its mortgage programs on its website and updates them daily. The rates tend to be lower than Bankrate’s national average. You can lock your rate for free for 60 days. If you need to extend the lock beyond that, you’ll be subject to a fee equal to 0.125 percent of the loan amount for each week of the extension, up to four weeks. The credit union also offers a float-down option that costs 0.375 percent of your loan principal for each 0.125 percent cut to your rate.

Bethpage Federal Credit Union doesn’t disclose its other loan fees online, however; you’ll need to talk to a loan officer to learn what might apply to your mortgage.

Availability: 4.5/5

Bethpage Federal Credit Union offers some of the most popular mortgages, including conventional and FHA loans, to borrowers everywhere except Texas. It also provides 30-year fixed loans for investment properties (up to $1 million) and VA loan refinances, but not USDA loans. The credit union’s jumbo loan product accommodates amounts up to $1.5 million.

Borrower experience: 4.7/5

Bethpage Federal Credit Union was founded more than 80 years ago. While it isn’t accredited by the Better Business Bureau, it does have an A+ rating from the organization.

It’s relatively easy to apply online for a mortgage from Bethpage, with the process typically taking between 15 minutes and 20 minutes to complete. Once you submit your application, you can monitor progress via the credit union’s online borrower portal. Alternatively, you can request a call from a loan officer (with a call back within one or two business days), or call 855-285-8094, Monday through Saturday.

The Bethpage website also features a range of calculators and educational content for homebuyers.

Refinancing with Bethpage Federal Credit Union

Bethpage Federal Credit Union provides refinancing and cash-out refinancing options. While the credit union doesn’t disclose any information about closing time or fees online, it does display refinance rates. In general, member-owned credit unions tend to have lower costs than banks and bigger lenders.

Alternatives to Bethpage Federal Credit Union

Bethpage Federal Credit Union consumer reviews



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Written by

David McMillin

Contributing writer

David McMillin is a contributing writer for Bankrate and covers topics like credit cards, mortgages, banking, taxes and travel. David’s goal is to help readers figure out how to save more and stress less.

Edited by

Suzanne De Vita

Arrow Right

Mortgage editor