Bethpage Mortgage Review 2024

Good for: borrowers seeking a solid selection of mortgages, low rates and the community-minded business model of a credit union.
Abby Badach Doyle
Last updated on January 9, 2024
Edited by
✅ Fact checked and reviewed
Mary Makarushka
Edited by
✅ Fact checked and reviewed

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

  • 50+ mortgage lenders reviewed and rated by our team of experts.
  • 40+ years of combined experience covering mortgages and financial topics.
  • Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
  • Governed by NerdWallet's strict guidelines for editorial integrity.
NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

Our Take


Home loans overall
NerdWallet rating
The Nerdy headline:

Bethpage Federal Credit Union offers multiple home loan options, home equity lines of credit and a self-service online application. Rates are on the low side, according to the latest federal data, but you have to contact the lender for a customized quote.

Jump to:Full Review
Bethpage Federal Credit Union
Bethpage Federal Credit Union: NMLS#449104

Min. credit score
Min. down payment
Loan types and products
Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA
at Bethpage Federal Credit Union


  • Has a fully online mortgage application and a highly rated mobile app.
  • Offers financing for co-ops, a type of home that’s common on the East Coast.
  • Interest rates are on the low side, according to the latest federal data.


  • In-person service available only on Long Island, New York.
  • Doesn’t offer renovation, construction-to-permanent or USDA loans.
  • Customized rates not available online.
Compare great mortgage lenders
Min. credit score
Min. down payment
New American Funding
Visit Lenderat New American Funding
at New American Funding
Prosperity Home Mortgage
Visit Lenderat Prosperity Home Mortgage
at Prosperity Home Mortgage
Visit Lenderat Prosperity Home Mortgage
at Prosperity Home Mortgage
Get more smart money moves — straight to your inboxBecome a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Full Review

What borrowers say about Bethpage mortgages

NerdWallet’s lender star ratings assess objective qualities, including rates, fees and loan offerings. NerdWallet assesses borrowers’ subjective experiences with lenders using customer satisfaction scores from Zillow.

  • Bethpage Federal Credit Union receives a customer rating of 4.92 out of 5 on Zillow, as of the date of publication. The rating reflects 215 customer reviews.

Bethpage’s mortgage loan options

  •  4 of 5 stars

Bethpage Federal Credit Union's mortgage products include fixed- and adjustable-rate conventional loans, jumbo loans and government-backed FHA loans. Bethpage also offers loans for second homes and investment properties as well as financing for cooperatives, better known as co-ops. The credit union offers multiple options to refinance.

Bethpage does not offer purchase or refinance mortgages in Texas. The lender does not offer renovation or construction-to-permanent loans, or USDA mortgages in any state.

Bethpage HELOC

The lender also offers home equity lines of credit, or HELOCs. These second mortgages are one way for homeowners to access existing home equity without refinancing or selling their home. Funds obtained with a second mortgage can be used for expenses such as home improvements, education costs or debt consolidation.

Bethpage Federal Credit Union's HELOC features a fixed-rate option with 5-, 10- and 20-year repayment terms, as well as a variable-rate HELOC that can be converted to a fixed-rate loan. A HELOC from Bethpage may be available with no closing costs or annual fee. Details about qualifying for a HELOC and current rates are available on the lender's website.

What it’s like to apply for a Bethpage mortgage

  • 4 of 5 stars

Before getting a mortgage with Bethpage Federal Credit Union, you must become a member. That's easy and inexpensive to do: Open a savings account with a $5 minimum deposit. Bethpage has branches in New York but serves customers in almost every state.

You can start a Bethpage mortgage or HELOC application online, by visiting a branch or by calling a loan officer. You can submit and sign documents online and track the loan process digitally. Bethpage also offers a highly rated mobile banking app for Apple and Android devices.

Bethpage’s mortgage rates and fees

  • 3.5 of 5 stars

  • Bethpage earns 3 of 5 stars for average origination fee.

  • Bethpage earns 4 of 5 stars for average mortgage interest rates.

NerdWallet analyzes federal data to compare mortgage lenders’ origination fees and offered mortgage rates. We measure annual averages across all loan types, as reported by the lenders. Compared with other lenders, Bethpage’s origination fee is about average and its interest rates are on the low side.

Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

Bethpage’s mortgage rate transparency

  • 4 of 5 stars

Bethpage offers sample rates for numerous mortgage types on its website, but you need to speak with a loan specialist for a personalized rate quote.

Alternatives to a home loan from Bethpage

Here are some comparable lenders we review that borrowers can consider.

PenFed Credit Union offers a good variety of purchase loans with rates and fees on the low end. Alliant Credit Union scores highly in rate transparency, but it doesn’t offer government-backed loans.

Explore mortgages today and get started on your homeownership goals

Get personalized rates. Your lender matches are just a few questions away.

Won’t affect your credit score

More from NerdWallet

at Bethpage Federal Credit Union

Find the best lender

Best mortgage lendersBest lenders for first-timersFind the best mortgage rateHow much house can I afford?

NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).

NerdWallet Pixel