FourLeaf Federal Credit Union Mortgage Review 2025

FourLeaf Federal Credit Union, formerly Bethpage Federal Credit Union, has been in business since 1941 and is the largest credit union in New York, where the lender is headquartered. It’s relatively easy to join — simply open a $5 savings account. The credit union offers attractive rates plus banking services, but it only provides some types of mortgages. If you’re looking for a no-down payment USDA loan, you’ll need to go elsewhere. The FourLeaf website also features a range of calculators and educational content for homebuyers.

Pros and cons of FourLeaf Federal Credit Union

Affordability: 5/5

Because FourLeaf offers transparency and competitive rates, it scored the full 5 out of 5 stars in this category.

• Interest rates: FourLeaf Federal Credit Union's website lists current rates for all of its mortgage programs and updates them daily. The mortgage rates tend to be lower than Bankrate’s national average. You can lock your rate for free for 60 days.
• Down payment: Down payment requirements vary by loan type. Typically, conventional loans require a minimum 3 percent down payment, while FHA loans require at least 3.5 percent down. VA loans do not require any down payment. Jumbo loans typically require a higher down payment. 
• Fees: If you need to extend your rate lock beyond 60 days, you’ll be subject to a fee equal to 0.125 percent of the loan amount for every 10 calendar days, up to 30 calendar days. The credit union also offers a float-down option that costs 0.375 percent of your loan principal for each 0.125 percent cut to your rate. The credit union doesn’t disclose its other loan fees online, however; you’ll need to talk to a loan officer to learn what might apply to your mortgage. 
• Closing costs: Getting a mortgage involves paying closing costs, but the exact amount depends on the loan amount, the loan type you choose and your location, among other factors. These costs typically total between 2 and 5 percent of the loan amount. 

Availability: 5/5

Because this lender offers a variety of loans across most of the country — and you can apply online or in person — Bankrate scored FourLeaf a perfect 5 out of 5 stars for availability. 

• Home loans offered: The credit union offers some of the most popular mortgages, including conventional loans and FHA loans. It also features 10-, 15-, 20- and 30-year fixed-rate loan term options. In addition, you can refinance your current mortgage with the credit union or take out a home equity line of credit (HELOC). 
• Footprint: FourLeaf Federal Credit Union can originate mortgages in all U.S. states except for Texas. 
• Where to find: With FourLeaf, you can apply online or in person at a branch location.

Borrower experience: 4.7/5

Because of its rate transparency, multiple contact methods for customer service and its online portal to track your application status, FourLeaf Federal Credit Union gets 4.7 out of 5 stars for borrower experience. You'll need to open an account with the credit union to apply, however.

• Application and preapproval process: To apply for a mortgage with FourLeaf, you'll need to open an account and become a member, which takes minutes to do. Then, you can apply for both a prequalification and mortgage online by answering a few questions. After that, you'll need to wait for a credit union representative to contact you to continue the process. Once you submit your application, you can monitor progress via the credit union’s online borrower portal.
• Transparency: FourLeaf shows its rates online so you can easily compare loan types, loan terms and lenders.  
• Customer service: You can get in touch with the lender by phone, online form, email or text message. If you prefer in-person interactions, you can visit a local branch. 

FourLeaf is an active lender with a strong reputation. It’s subject to oversight by credit union regulators and mortgage regulators. In June 2024, the Better Business Bureau accredited it, and it has an A+ rating from the organization. The credit union also gets a "Great" rating on the review site Trustpilot. 

FourLeaf Federal Credit Union in the news

FourLeaf Federal Credit Union is the new name of Bethpage Federal Credit Union. The credit union announced this change in 2024. As FourLeaf, its offerings remain the same, including its mortgage options. If you’re a current customer, you’ll maintain your existing account numbers and logins too.

FourLeaf Federal Credit Union offers both rate-and-term and cash-out refinancing options. While the credit union doesn’t disclose any information about closing time or fees online, it does display refinance rates. In general, member-owned credit unions tend to have lower costs than banks and bigger lenders.

You can apply for a mortgage with FourLeaf Federal Credit Union in person at a branch location, online or by phone at 800-628-7070. Here are some tips to prepare for the process:

• Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for and if you need to improve your credit score before applying. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
• Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
• Provide details about the property. You’ll need to provide the address of the home and submit to a home appraisal. (If you’re refinancing, you might or might not need an appraisal.)