FourLeaf Credit Union mortgage Review 2026

FourLeaf Credit Union — known as Bethpage Federal Credit Union until 2025 — is a Long Island, New York-based credit union that provides a wide range of mortgages nationwide.

If you’re looking for a no-fuss, affordable mortgage, FourLeaf should be on your list. The lender offers mortgages at below-average rates, along with specialized products like investment property mortgages and co-op mortgages. Plus, it’s easy to become a member: just put $5 in a FourLeaf savings account.

However, it doesn’t offer USDA loans or mortgages larger than $1.5 million, and there aren’t many standout perks or discount opportunities. Here’s what to know before you make your decision.

FourLeaf Credit Union offers conventional, government-backed and jumbo loans in every state except Texas.

• Fixed-rate: Borrowers keep the same rate for the life of their loan. FourLeaf Credit Union offers fixed-rate terms of 10, 15, 20 and 30 years.
• Adjustable-rate: FourLeaf Credit Union offers adjustable-rate mortgages with a fixed rate for the first five, seven or 10 years, fluctuating at set periods thereafter.
• FHA loans: Backed by the Federal Housing Administration (FHA), these loans require only 3.5% down for borrowers with a 580 FICO score or 10% for borrowers with a 500 FICO score.
• VA loans: Veterans and active-duty service members can apply for this lower-rate loan without a down payment or private mortgage insurance. Lenders typically require a 620 credit score for a VA loan.
• Jumbo loans: A jumbo loan exceeds the conforming limits set by the Federal Housing Finance Agency. FourLeaf Credit Union offers jumbo loans up to $1.5 million.
• Investment property mortgages: These mortgages are for buyers who purchase a home with the intention of renting it out or reselling it for a profit. FourLeaf Credit Union offers investment property loans of up to $1 million.
• Co-op mortgage: This type of home loan will help you finance your purchase of a share of a cooperative housing unit. It’s a specialized loan type that not all lenders offer.
• Refinancing: FourLeaf Credit Union offers cash-out and rate-and-term refinancing.
• Home equity lines of credit (HELOC): Homeowners can borrow against the value of their home. FourLeaf’s minimum line amount is $25,000 and its maximum line amount is $1.5 million — high compared to most other lenders.

• Credit score: Not disclosed, but lenders typically require a 620 for conventional mortgages, a 680 for jumbo mortgages, and 580 for FHA loans.
• Down payment: 5% for conventional, 3.5% for FHA
• Debt-to-income ratio: Lenders typically prefer a debt-to-income ratio of 43% or lower.

FourLeaf Credit Union participates in a homebuying grant program and may offer rate discounts on home equity products for existing customers.

Homebuyer Dream Program

FourLeaf is a participating lender in New York State’s Homebuyer Dream Program, which provides up to $30,000 in grant funding to eligible first-time homebuyers.

FourLeaf received an A+ from the Better Business Bureau for its transparency, truthful advertising, and its response to consumer complaints.

It offers a range of options for connecting with a team member, including an online chat and access to 5,000 credit union branches nationwide, so customers can get help with their loans.

Its real estate loan customer service phone line has robust hours: Borrowers can call 866-399-2586, Monday through Friday, from 8:30 a.m. to midnight ET, and Saturday from 8:30 a.m. to 1 p.m. ET.

Here’s how FourLeaf Credit Union stacks up to two of our top picks for mortgage providers.

FourLeaf Credit Union vs. Chase Bank

Chase and FourLeaf have a lot in common: both have exemplary customer service records with robust in-person, on-the-phone, and online support. Each has thousands of retail locations where customers can take out their loan in person.

Choosing between the two comes down to what you want in a lender — Chase has more standout benefits and discounts, while FourLeaf has lower rates.

As the largest bank in the U.S., Chase has unique perks that many other lenders don’t provide: Qualified homeowners can take out a DreaMaker mortgage, which is a low-down payment mortgage, and Chase will provide eligible borrowers with up to $15,000 in grant funds to put toward their down payment or closing costs. FourLeaf is a partner lender for New York State’s Homebuyer Dream Program, which provides up to $30,000 to qualified borrowers, but it is not funded by the bank, nor is it available to anyone outside the Empire State.

But the fact that FourLeaf is a credit union gives it a significant leg up on affordability. Since credit unions are member-owned, all profits are reinvested in the products. As a result, FourLeaf, like many financial institutions of this type, tends to offer lower mortgage rates.

In this head-to-head match-up between two national credit unions, FourLeaf comes out on top for affordability but Alliant is a better choice for those looking to make a small down payment.

Both lenders display average rates on their sites, so it’s easy for customers to compare. As of February, FourLeaf’s mortgage rates are significantly lower than Alliant’s rates. During the week ending Feb. 19, FourLeaf’s average rates are lower than the Freddie Mac PMMS average of 6.01%, and Alliant’s rates were higher.

But FourLeaf’s no down payment options are much more limited than Alliant’s. FourLeaf’s only no-down-payment mortgage is its VA loan, while Alliant offers a proprietary 0% down payment mortgage called the Alliant Advantage Mortgage (AAM), which requires no private mortgage insurance despite the low down payment.

FourLeaf Credit Union is an excellent choice for those looking for a credit union mortgage lender and a no-frills loan at a lower-than-average rate. It’s also great for those buying a co-op apartment or an investment property.

However, there are better options for those looking for a low-down payment mortgage. And it won’t be a good choice for those who need more than $1.5 million in financing.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of home loan products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties and we pride ourselves on our journalistic standards and ethics.

CNBC Select reviews mortgage products using a variety of criteria, including the types of loans offered, average rates, terms, availability, fees, down payment options, online experience and customer satisfaction. 

In addition, we incorporate findings from independent sources, including J.D. Power’s mortgage origination and servicer studies and the Better Business Bureau.