FAQ - Real Estate

What are your current loan rates?

Visit our rate page for current rates.

Does the credit union offer first mortgage purchase and refinance loans?

Yes. Our first mortgage, purchase, refinance or home equity loans and lines of credit sections provide valuable information. You can even apply online. For more information, please call our real estate department at (888) 858-6878.

What is the minimum down payment for a home purchase?

For conventional loans, the minimum down payment is 10% of the purchase price.  For more information, please call our real estate department at (888) 858-6878.

What is the down payment for investment property purchases?

The minimum down payment is 20% of the purchase price.  For more information, please call our real estate department at (888) 858-6878.

What are the fees for real estate loans?

Fees can vary depending on the loan type (purchase or refinance).  Our fees are typically much lower than what is charged by banks and other lenders.  For more information, please call our real estate department at (888) 858-6878.

Do you have a no-cost first mortgage loan?

Yes.  You can refinance an existing loan with our no-cost mortgage loan.  This means there are no closing costs, no points and no fees.

My home has devalued. What if I no longer want to make payments?

There are serious consequences related to non-payment of mortgage obligations. They range from foreclosure to negative credit ratings which will hinder your ability to borrow in the future. You will also forfeit your membership in the credit union. Please call our Loan by Phone center at (888) 858-6878 for assistance. Based on your circumstances, we may be able to modify your loan agreement and help you remain current on your payments. For additional resources, visit our Avoiding Foreclosure page.

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