Purchase and Refinance

Purchase

We offer a variety of mortgage options suited to what you need, purchase or refinance. It’s so easy, we’ll do everything but pack for you!

10, 15, 20, and 30-year terms available
Fannie Mae, FHA, Rural Development, VA financing

FHA Loan
A Federal Housing Administration (FHA) loan is a mortgage insured by the government and requires a lower down payment and minimum credit score compared to other conventional loans. FHA loans are designed to help low to moderate-income families purchase a home. They are popular with first-time homebuyers.

Rural Development Loan
Rural Development loans are home loans insured by the United States Department of Agriculture to promote homeownership in rural communities. The home must qualify as a USDA Rural Development.

VA Loan
VA Loans are government-backed mortgages that offer highly competitive interest rates with little to no down payment required. If you are currently enlisted, a veteran, in the National Guard or reserves, or a surviving spouse you may qualify for a VA Loan.

Refinance

When you refinance your current mortgage, you will replace it with a new one to take advantage of lower interest rates, shorter periods, and other great benefits!

May offer a lower interest rate when compared to your existing mortgage
It might shorten the term of the mortgage
Get cash to consolidate debt, pay off loans

Rates & Disclosures

Meet the Team

NMLS Licenses

Realtor Partners

Loan rates and approval subject to credit score and analysis. See credit union for details. Loan rates subject to change without notice. Equal opportunity lender. This credit union is federally insured by the National Credit Union Administration. NMLS: 408938

Mortgage Service FAQs

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What does my credit score have to be to qualify for a mortgage?

We have several types of loans. Fannie Mae, FHA, RD, and VA will require at least a 620 minimum. We do have in-house loans that do not require a minimum credit score but require a 20% down payment.

Do I need to have money saved for Down Payment and Closing Costs?

In most cases, you will need to have money saved to purchase a home. Most loans require a down payment and closing costs. Some loans, like a Rural Development loan, have a 0% down payment but still require closing costs.

I have cash saved at home. Can I use that for a down payment and closing costs?

No, any cash deposited into your bank account must be there for 60 days before it can be used for a mortgage.

Do I have to use a realtor?

No, you do not have to use a realtor. However, we advise that you do. A realtor can help you list your house, make a reasonable offer on a new home, and give you information on what to look out for in your new home. Realtors also handle a lot of the legal paperwork involved with a mortgage.

Should I continue paying my debts even though you are paying them off?

Yes, continue making the monthly payments until the debt is paid off. This will avoid late fees and penalties, and if you overpay the debt, you will be refunded by the creditor.

Can I open new lines of credit during a mortgage?

Yes, you can, but it is best to avoid doing this during a mortgage. Those new debts may increase your monthly payments enough to deny the mortgage ultimately.

Does my employment history matter for this mortgage application?

Yes, it does. Gaps between employers can ultimately deny a loan. The steadier your employment history is, the higher the chances of approval.

Can I take out a personal/unsecured loan for the down payment and closing costs?

No, unsecured loans cannot be used for the down payment and closing costs. Your chances of approval are higher when your liabilities are lower.

How much are closing costs?

Closing costs are typically between $3,000 and $4,500 for a first mortgage and $800+ for a second mortgage. Those funds are used to pay for items such as an appraisal, title work, an origination fee, etc. If your mortgage includes escrow, you should factor in roughly another $3,000 to $4,500 to account for funding these prepaid items, which consist of 1 years’ worth of taxes and insurance.