Cut-the-Cost Mortgage Program

Let Island help pay your closing costs.

Pay less for closing costs on your new home mortgage and free up funds for a larger down payment, moving expenses, new furniture or whatever you may need to make your dream house a home.

Terms are subject to change without notice. Lenders Credit not to exceed $5,000, or total closing cost, whichever is less. Excludes prepaid expenses, rate lock fee and underwriting fee. Minimum FICO® score of 700 required. Available for purchase transactions and First Time Buyers only; cannot have ownership interest in a property within the prior 36 months. Suffolk and Nassau County only. Hazard insurance required on all loans secured by real property; flood insurance may also be required. Additional terms and conditions may apply. Membership eligibility applies.