Mortgages

First Mortgage

Financing for up to 80% of the appraised value.

Second Mortgage

Financing for up to 80% of the appraised value less balance owed on existing mortgage.

Closing costs and appraisal fees will be paid by the credit union member. Interest rate and payment amount are fixed for the life of the loan. The credit union holds its real estate loans; they are not sold in a secondary market.