Mortgages

We’ve partnered with AmeriCU Mortgage to offer our members one-of-a-kind home financing solutions. Read more about their extensive mortgage product library below.

 

A conventional loan is our most popular mortgage option for members looking to purchase or refinance a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).

WHY CHOOSE CONVENTIONAL?

  • Low down payment options
  • Second home and income properties are eligible.
  • Private mortgage insurance not required with 20% down payment or higher
An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.

WHY CHOOSE FHA?

  • Low down payment requirement
  • Allows seller to pay up to 6% of closing costs
  • Flexible credit guidelines

A VA loan is a mortgage that is backed by the Department of Veterans Affairs for veterans, active military personnel and military spouses who qualify. With no down payment requirement and competitive interest rates, it’s a great choice for eligible applicants.

WHY CHOOSE VA?

  • No down payment options
  • No monthly mortgage insurance
  • Competitive interest rates

USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture. USDA loans are geared towards low-to-moderate income families looking to finance a home. They offer low interest rates and no down payment is required.

WHY CHOOSE A USDA LOAN?

  • No down payment options
  • Low monthly private mortgage insurance
  • Flexible credit guidelines
An FHA 203(k) loan is an FHA loan that provides members with the opportunity to combine renovation costs with their mortgage financing. This those costs to be spread out over the life of your loan and offers lower interest rates and longer loan terms than traditional home improvement loans.

WHY CHOOSE 203K?

  • Low down payment options
  • Flexible credit guidelines
  • Ability to finance whole home remodel

A jumbo mortgage is a home loan for an amount that exceeds conforming loans limits set by the Federal Housing Finance Agency (FHFA). These loans are designed to finance luxury homes as well as properties in highly competitive real estate markets.

WHY CHOOSE A JUMBO MORTGAGE?

  • Loan amounts up to $2 million
  • Low interest rate for qualified borrowers
Time to Refinance?

If you’re looking to lower your monthly payment, shorten your loan term or get cash out of your property for repairs or unexpected expenses, refinancing your mortgage is a great option. With specialized programs like the VA IRRRL and FHA Streamline, we can help.

Our mortgage experts will work with you to determine the best program for your financial future and make sure that all of your questions and concerns are answered honestly and urgently so you’ll never feel out of the loop.