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585.454.5900 | Toll Free: 1.888.454.2328

Visa TTY/TDD: 1.800.221.7728
Routing Number: 222382292


When you’re making a decision as important as mortgage financing, you can trust us at Advantage FCU to help you.

Buying a home or refinancing an existing mortgage can be one of the most complicated and costly financial transactions you will ever make. Here at Advantage, we make it our goal to make this process as easy and accessible as we can. We will begin the process by gathering some basic information and then refer you to a mortgage specialist to help determine the best possible plan of action. You will work with some of the most caring mortgage professionals in the business, all local with over 50 years’ experience combined, to make sure you understand your options and to help you meet your goals.

Whether purchasing, refinancing, or need a pre-approval please call us today at 585.454.5900 so we can help you save money and start planning for your future. Advantage has been serving the Rochester community for over 90 years, helping our members “make it home.”

Meet Our Mortgage Specialists


Sharon is a Rochester, NY native with over 25 years of successful financial experience in management and member service relations. She is a licensed notary and has been with Advantage for over 9 years.

Sharon has a passion to serve the community with a commitment to excellence while providing exceptional member service. Financial wellness is the foundation of her success, both professionally and personally. She was also our 2019 Advantage Service Star award recipient.

“Here at Advantage FCU, I look forward to and welcome the opportunity to assist you with your home purchasing and refinancing needs.” – Sharon


Dan has been an experienced home loan lender for 18 years, 13 of those years with Advantage. He is a licensed notary, the 2012 Advantage Service Star award recipient, and in 2019 was recognized by the Penfield Rotary Club as a Service Above Self award recipient.

Dan is an active volunteer in the community including (and naming only a few) Tour de Cure to benefit American Diabetes Association participant for last 21 years, the MS Walk to benefit the Multiple Sclerosis Society committee member for 20 years, and MS Walk fundraiser participant for 10 years prior to joining the Walk committee.

“I am here to be your home financing partner and will strive to provide you with a mortgage loan that is going to best serve your needs.” – Dan

Conventional Mortgages as of July 6, 2022
ProgramsRateAPR*Est. Payment/$1,000
30 Year Fixed5.250%5.388%$5.52
25 Year Fixed5.250%5.407%$5.99
20 Year Fixed4.625%4.807%$6.39
15 Year Fixed4.375%4.605%$7.59
10 Year Fixed4.375%4.706%$10.30

*Estimate includes principal and interest only. The rates are for loans in the range of $35,000 to $510,400. Owner-occupied 1-4 family properties within New York State only (excluding Nassau and Suffolk Counties). All Annual Percentage Rates (APR) are based on a 20% down payment and amortized over the maximum term. Other options available. Rates are subject to change without notice.

For information regarding Adjustable Rate Mortgages please call 585.454.5900.

Consumer handbook on Adjustable-Rate Mortgages

Home buying can be confusing, but knowing this important lingo will make it easier to navigate the process.


Adjustable-rate mortgage (ARM): A mortgage with an interest rate that can change over time. It typically has a low, fixed initial interest rate and then may adjust regularly either up or down depending on market conditions. It can’t exceed a set rate cap.

Closing costs: Fees from buying a house from both the lender and third parties like inspectors, attorneys, surveyors and title insurance companies. These typically add up to 3%-6% of the total home price, though some of these charges are negotiable.

Down payment: When you’re buying a home and financing it with a mortgage, most lenders require you to put down a certain amount of cash upfront, usually 5% to 20% of the total price. Your mortgage covers the amount remaining after the down payment.

Escrow: A neutral, third-party account that protects the money of both buyers and sellers until real estate transactions are finalized. For example, if you choose to make a deposit with an offer on a home, it would go into an escrow account first rather than directly to the seller. Once you’ve bought a home, escrow accounts are also typically used to hold money for homeowners insurance and property taxes until payment is due.

FHA loan: A mortgage offered through the Federal Housing Administration that has less strict credit and down payment requirements compared with conventional loans. It’s ideal for people with less-than-stellar credit who aren’t able to qualify for conventional financing. The tradeoff: Along with paying monthly mortgage insurance fees, you’ll also pay a hefty up front premium.

Fixed-rate loan: A mortgage with an interest rate that won’t change over the course of the loan. The rate may be higher than an ARM, but you’ll never have to worry about it increasing.

Interest: Money your lender charges you for cash you borrow, indicated by an annual percentage rate, or APR (for example, 4%). Your interest rate will depend on your credit history and how much you can afford for a down payment.

Principal: The amount of money you borrow. Note that you end up paying significantly more than this amount because of interest.

Private mortgage insurance (PMI): If you don’t put 20% of the home’s price in a down payment, some lenders require this insurance to lessen their risk. It’s typically paid with a monthly fee added to mortgage payments. You can often cancel it once you have a certain amount of equity in the home.

© NerdWallet


The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Website ( HMDA data for many other financial institutions are also available at this website.

Advantage Federal Credit Union
70 Metro Park
Rochester, NY 14623