We Offer a Variety of Mortgage Products - Click here to Contact a Loan Officer
3/3 Adjustable Rate Mortgage*
With terms up to 30 years, a variable rate loan that can increase or decrease every 3 YEARS with a maximum per change of 2% and a maximum lifetime change of 6%.
5/5 Adjustable Rate Mortgage*
With terms up to 30 years, a variable rate loan that can increase or decrease every 5 YEARS with a maximum per change of 2% and a maximum lifetime change of 6%.
10/1 Adjustable Rate Mortgage*
With terms up to 30 years, a variable rate loan that has a fixed rate for the first 10 YEARS of the loan. The rate can then increase or decrease every year for the remaining life of the loan with a maximum per change of 2% and a lifetime maximum change of 6%.
Fixed Rate Mortgages*
With terms up to 30 years, a Fixed Rate Mortgage provides you with the security of a monthly payment that doesn’t change:
- The longer the term of your loan, the lower the monthly payments.
- A shorter term will allow you to pay it off quicker and save more on interest costs, though your monthly payments will be higher.
- The loan interest rate will never increase over the life of the loan.
Construction Mortgage
Let Bank of Richmondville help you build your Dream Home!
It is straightforward and simple:
- Single Closing with a flexible disbursement schedule
Home Equity Line of Credit
Home Equity Lines of Credit are similar to a credit card. You are approved for a certain dollar amount over a defined term. While within the defined term you can borrow money from your line, pay the balance back down, and use it again. Turn your home’s equity into ongoing, affordable financing:
- NO annual fees
- Floor Rate of 4.0%
- PRIME RATE only
- NO prepayment penalty
- LOW closing costs – borrower only pays required NYS Mortgage Tax
Home Equity Loan
A Home Equity Loan is perfect for the borrowers who want a fixed, monthly payment:
- Make home improvements
- Buy a new car, truck or SUV
- Consolidate higher rate loans to save on monthly payments
- Help finance a college education…and more
- NO prepayment penalty
- LOW closing costs – borrower only pays required NYS Mortgage Tax
Credit Reports
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Current Mortgage Loan Rates
Our competitive rates change weekly.
Click here for an example of Mortgage closing costs.
Not Sure Where to Start?
We'll Help You Out.
Our staff is available to guide you! Stop by or call your local branch today.
Meet Our Loan Officers
Michelle A. Davis
Assistant Vice President & Senior Loan Officer
Michelle has been with the Bank of Richmondville for 24 years, with a total of 36 years banking experience. She also served as Branch Manager for both our Richmondville and Schoharie Offices. She continues to take numerous Banking Industry courses.
She continues to develop new and continuous relationships with commercial businesses as well as retail and residential mortgage customers.
Her goal is to provide the best customer service with products that best fit our customers’ needs.
Michelle continues to volunteer to help her community prosper.
NMLS Originator: 671469
Angela began her career with Bank of Richmondville in 2007 as a part-time teller in our Richmondville Branch. Through training programs and a hands on approach, she continued to evolve within the Bank, becoming Head Teller, a Customer Service Representative, then to Branch Manager and a Consumer Loan Officer of the Richmondville Branch. Angela feels the seasoned and dedicated professionals of our financial institution have impacted her professional career providing her with valuable direction, knowledge and insight.
Originally from the Summit/Richmondville area, Angela has a strong focus on her banking relationship within the area we serve.
Angela believes in maintaining the hometown bank feel where customers are at home, secure, well served and the relationships we form with our customers are vital.
NMLS Originator: 1628670
Melissa Yung is the branch manager of the Schoharie office. She has been with the bank for 20 years. Starting as a Teller and working her way up, Missie understands the many different aspects of banking. She serves as a Loan Officer, New Accounts Representative, Notary Public and every now and then, as a Teller.
Melissa lives by the golden rule, believing that you should treat others the way you would like to be treated. Customer service is her top priority. As a lifelong native of Schoharie County, she understands the importance of community and supporting local business as she participates in many activities in the community. In her leadership role, she has created a warm and friendly environment that makes customers feel at ease, yet still maintaining professionalism.
If you would like to discuss any banking needs, no matter how large or small, Melissa would love to speak with you.
NMLS Originator: 2510332
June Ryder is the Retail Loan Officer, located in the Cobleskill Branch. June started with the Bank of Richmondville in 2024, bringing with her 15 years of experience within the banking industry.
June is a lifelong resident of Schoharie County and is happy to help customers within the community as well as those who are looking to plant their roots here.Â
She is happy to provide customers with information and assistance through all steps in the consumer loan and residential mortgage process.
NMLS Originator: 2634969
*A minimum down payment equivalent to 15% of the purchase price of a home is required for all single family, owner occupied, primary residences. Contact a Loan Officer for additional down payment requirements on vacant land, secondary residences, non-owner occupied, construction, home equity, home equity line of credit or mobile home residences.