Whether you’re thinking about buying your first home, refinancing, or borrowing money to make home improvements, we have the loan for you. Our Mortgage and Home Equity Loans come with competitive rates and terms and are backed by our knowledgeable specialists. It’s just the thing to make you feel right at home.
Buying a house is a pretty big deal. You wonder if you’ll be able to afford the up-front costs. How you’ll balance your mortgage with your other living expenses. Give yourself a little extra peace of mind by using our calculator and see how it all adds up. When you’re ready, our mortgage originators explain everything and lead you through the process every step of the way.
Buying your first home is a big step, but it doesn't have to be a nerve-wracking one. Our First-Time Homebuyer Program gives you the knowledge, confidence, and support you need to make one of the smartest decisions about your future.
You don’t have to have a perfect financial track record to make home-ownership a reality. We’ll invest in your dream and work with you even if you have a low credit score or have had a foreclosure or short sale before.
With our New Beginnings Mortgage Loans, you’ll get:
- Down payments as low as 3%
- A fixed rate with low interest rates
- Low closing costs
- Consideration if you are 2 years from a prior foreclosure or short sale
- Help purchasing an owner-occupied single-family home or condominium
Are you or a family member a current service member or a veteran? The Department of Veterans Affairs (VA) offers loan programs to help people who’ve served the country buy homes.
The VA doesn’t make loans – it sets the rules. It determines if you qualify, arranges terms under which mortgages may be offered, and guarantees any loan made. Some VA loans are available with no down payment.
When you’re ready to learn more about VA loan programs, visit the Department of Veterans Affairs website or call 1-800-827-1000.
The Federal Housing Administration (FHA) expands homeownership opportunities, especially for first-time home buyers. FHA loans protect approved lenders against losses with mortgage insurance in the event the homeowner defaults.
The standards for qualifying are generally more flexible than for conventional loans: you can have a lower credit score and a smaller down payment. You simply assume the added cost of the mortgage insurance.
The FHA is part of the United States Department of Housing and Urban Development (HUD). To learn more about FHA loan programs, including whether you might qualify for one, visit HUD’s website, call HUD at 1-800-225-5342, or visit GovLoans.gov. HUD also provides a list of qualified FHA lenders.
Sometimes, a regular mortgage isn’t enough for the home you want.
Each year Fannie Mae, Freddie Mac, and their regulator, the Federal Housing Finance Agency (FHFA), set a maximum amount for loans: in general, it’s $417,000, although limits go as high as $625,500 in some high-cost areas of the continental United States. When mortgage loans exceed these limits, they’re called jumbo mortgages.
The cost of obtaining a jumbo mortgage is usually higher than the cost of obtaining other loans. It’s also a little harder to qualify for one, but it’s definitely not just for the well-to-do.
Home Equity Loans
Use the equity in your home to borrow a one-time lump sum of money that you can use to pay for your daughter’s wedding, purchase a new roof, or even consolidate and eliminate your credit card debt. Simply choose a repayment term that’s most comfortable for you and enjoy:
- Fixed rates at competitive interest rates
- Flexible terms to fit your needs
- 95% LTV Maximum (loan to value) on owner-occupied 1-4 family dwellings
|Fixed Equity||5 Years||3.99%||Apply|
|Fixed Equity||7 Years||4.30%||Apply|
|Fixed Equity||10 Years||4.49%||Apply|
|Fixed Equity||15 Years||4.70%||Apply|
APR is Annual Percentage Rate. Maximum loan to value up to 95%. Certain conditions apply. Rates subject to change at any time without notice. Rate will be determined by individual credit worthiness. Rates advertised are the lowest rates available. Call for specific details.
For home equity loans: At 3.99% APR, 60 monthly payments of $18.41 per $1,000 borrowed.
For home equity loans: At 4.30% APR, 84 monthly payments of $13.81 per $1,000 borrowed.
For home equity loans: At 4.49% APR, 120 monthly payments of $10.36 per $1,000 borrowed.
For home equity loans: At 4.70% APR, 180 monthly payments of $7.75 per $1,000 borrowed.
A Home Equity Line of Credit or HELOC, uses your home as collateral, allowing you to borrow the amount you need, when you need it. Having quick access to cash gives you the ability to pay for recurring expenses like college tuition, on-going home improvements, or even frequent medical bills. Your credit revolves as you pay back what you owe, in turn, freeing up more money to borrow.
Our HELOC Loans feature:
- Rates as low as Prime minus .50%
- Check-writing capability for major purchases
- No annual maintenance fee
- Possible tax benefits (check with your tax advisor)
We’ll send you a welcome letter that lists the personal documents you’ll need for your loan. Simply gather the paperwork and give it to your Member Service Representative.
As our lending team starts processing your documents, they’ll give you the go-ahead to have your property appraised.
After your loan goes to underwriting, a title is ordered, and your closing will be set up.
After a handshake and “congratulations,” from us, you’ll have the money you need to make those dreams of a brand-new kitchen or paying for your kid’s college, a reality.
|Home Equity Line of Credit||10 Years||3.49%||Introductory Fixed Rate for First 12 Billing Cycles. Remaining term will automatically convert to variable rate of interest as low as prime minus 0.50%. At the end of the loan term a balloon payment may be required if only the minimum payments are made.||Apply|
Annual Percentage Rate (APR) of 3.49% is the lowest available and is fixed for the first 12 months. Offer based on individual credit worthiness and subject to loan to value (LTV) of 75%. After initial 12 monthly billing cycles, rate automatically reverts to a variable rate of interest as low as Prime minus 0.50% as published in the Wall Street Journal 30 days before the date of any rate adjustment. As of 10/31/2019 Prime Rate was 4.75%. Offer limited to 1-4 family owner-occupied primary residence properties only. Property insurance (and flood insurance if applicable) required. Offer and rate is subject to change at any time without notice. Other terms, rates, and restrictions may apply. APR will not exceed 18% with a minimum rate of 4.25%. Existing NCU home equity lines/loans are not eligible for refinance with this promotion.
Don’t put off building your dream home. With a streamlined process—one application, one approval, and one closing—we make it easy and hassle-free.
- Finance up to 95% of the appraised value
- Pay only the interest on your loan for up to 12 months during the construction period
- Enjoy the convenience of your construction loan automatically converting to permanent financing when your home is complete
5% down payment required. PMI (Private Mortgage Insurance) required with less than 20% down. APR is Annual Percentage Rate. Representative example of loan terms after 12-month interest-only period: 30-year loan of $275,000 with a 4.25% APR would have 360 monthly payments of $1,352.83. Rate subject to change without notice. Other rates and terms available. Certain restrictions apply. Additional documentation may be required. All mortgage loans subject to credit approval.
Now you have the convenience of covering the cost of your new home purchase and all the necessary repairs you want to make, in one loan.
Looking to lower your monthly mortgage payment? Have home improvements you want to make? Or, interested in consolidating your credit card debt? Our Refi Loans might make sense, especially if the value of your home has increased.
NMLS Loan Origination Company ID: 462987