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Owning a Home is Priceless. And we make it easier than ever with value-added mortgages that are quick, easy and convenient.
Community First Credit Union understands that purchasing a home can be stressful, and that's why we are here to help. Our mortgage professionals provide great service and can assist you with a wide variety of first mortgages and home equity products to fit your needs.
Owning the home of your dreams is just minutes away with Community First's online mortgage application. You can apply online in a secure, pressure-free environment. It's easy and convenient. You don't have to leave home or spend hours on the phone, and you get a response within minutes.
Our purchase mortgages offer:
- Up to 90% financing on conventional and 96.5% on FHA
- Flexible terms
- Fixed and Adjustable rates
Plus, we have special mortgage programs that can
help make owning your dream home a reality.
- Interest-Only Loans (just pay interest on funds you borrow)
- Land Loans (for purchase only)
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Appraisal may be required and fee is the responsibility of member.
* APR = Annual Percentage Rate. Does not apply to home equity lines of credit (HELOCs). Rate is for the life of the loan. Terms are 5, 15 and 20 years. Minimum loan amount is $10,000. If loan is paid in full within one year of the date of the loan, a pre-payment penalty up to $1,000 may apply. Home Equity Loan payment example: $60,000 borrowed for a 5-year term at 5.00% APR, sample monthly payment would equal $1,132.28.
** No closing costs for loans up to $100,000 (2nd mortgages only). For loans over $100,000, the estimated fees and costs to open the loan are between $1000 and $2500. Title insurance is required to be paid by borrower on home equity loans and HELOCs greater than $100,000. Property insurance is required, and flood insurance may be required depending upon the location of the property. The amount of a home equity loan is based upon the current market value of the property, minus the amount of any current mortgages and other liens on the property. Please consult your tax advisor and IRS Publication 936 (Home Mortgage Interest Deduction) regarding interest deductibility. Our current HELOC APR ranges between 4.75% APR and 17.9% APR depending on creditworthiness criteria and the HELOC type selected. HELOCs have a variable APR; the maximum HELOC APR is 17.9%. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit subject to approval. Other restrictions may apply. A home equity loan is secured by a lien on your home. Full appraisal, paid by applicant, may be required in certain circumstances.
† APR = Annual Percentage Rate. This product is designed for the purchase and limited cash-out refinance of new construction or existing residential properties. These homes must be built to the standards of the National Home Energy Rating Standards (HERS). All requirements of the standard checklist must be met and a HERS Index of 85 or better must be obtained in accordance with the Energy Star Performance Requirements. This loan applies to one-unit, owner-occupied primary residence; fixed rate mortgages that have a term of 30 years and do not include interest-only option; maximum loan-to-value/combined-loan-to-value 95%. Energy efficient mortgage loan payment example: $200,000 borrowed for a 30-year term at 6.50% APR, sample monthly payment would equal $1,264.14.
Appraisal may be required and fee is the responsibility of member.
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