Mortgage Payment Assistance

Home Banking

Cyprus is here to help during the current COVID-19 situation. We know that many of our members have mortgages with us and may need financial assistance. Below are some solutions available during this time:

 

1st Mortgages

 

Log into Home Banking and launch the Mortgage Center. Here you will find a link to the resources available, this includes:

 

  • Forbearance – Suspend mortgage payments for up to three months. Following the forbearance, the suspended payments will be due in addition to the current months.
  • Loan Modification – Change the terms of your loan to bring it current.
  • Repayment Plan – Pay part of your loan during the forbearance period which is then subtracted from the total due at the end of the term.

 

You will also find a link here to schedule a return call time if you need additional assistance.

 

2nd Mortgages

To skip-a payment, simply login to Home Banking and choose “Skip a Payment” under the services tab. Here you’ll see a list of all your loans that qualify for a skip. Follow the prompts and repeat the process if you have more than one loan payment you’d like to skip. It’s that easy! Please submit your skip ten (10) days before the due date of the payment you want to skip. Interest will continue to accrue on your loan, and your final payment will be due one month later than usual. 

You can also set up Skip-a-Pay by calling our contact center at 801-260-7600

You may qualify to skip your monthly payment on any of these products if:

  • Your loan has been open for at least 60 days and you must have made your first payment.
  • You haven’t skipped more than 3 payments in the calendar year.
  • Your loan is current and in good standing.

 

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HELOC

Apr As Low As 4.00%

Fixed Rate 2nd Mortgage

Apr As Low As 4.49%
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