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| 15 & 30 year FHA Loans |
| 15, 20 & 30 year fixed Conventional Purchase |
| 15, 20 & 30 year Refinance |
| 7 & 10 year Balloon Loans |
| Home Equity Line of Credit |
| VA Loan |
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15 & 30 year FHA Loans
We offer 15 and 30 year FHA loans, which require only a 3.5% down payment. This down payment may be gifted by a relative. These loans are an excellent solution for the first time home-buyer.
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15, 20 & 30 year fixed Conventional Purchase
The most popular loan for most individuals. First time home buyers can qualify with a minimum 3% down payment. The interest rate is fixed for the life of the term you choose.
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15, 20 & 30 year Refinance
Refinance to get a better interest rate and lower monthly payment. We also have Cash Out Refinances available to tap into the equity and take care of some home improvement projects.
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7 & 10 year Balloon Loans
Finance up to 97% Loan to Value without paying PMI. The Balloon is an in-house product and remains with your Credit Union. The loan will have a lump sum payment due at the end of the requested term (7 or 10 years), and require refinancing at the current market rate at that time or be paid off in full.
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Home Equity Line of Credit
Utilize the equity in your home to accomplish any remodeling projects you may have. We have a 12 month introductory rate of 4.99%. After which, rate changes to prime, prime+1 or prime+2, based upon credit.
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VA Loan
For qualifying active members or veterans and surviving spouses this loan requires little or no down payment and no mortgage insurance.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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