Purchasing a new home or refinancing, your credit union can help.
Your mortgage loan request needs to fall within the following parameters:
- 15, 20, or 30 year fixed rate
- Home must be a one-to-four family unit, which is a primary residence
Facts about your mortgage loan
- Pre-approvals are available
- Closing costs may vary with loan amount and down payment percentage
- Minimum down payment may vary
- With less than 20% down payment, private mortgage insurance (PMI) is required. PMI insures the lender against loan default.
- Escrow accounts for taxes and insurance are available and are optional in most cases. (Escrow analysis is performed annually, to insure proper amounts are kept in your account at all times.)
- Our lending area consists of Lucas, Wood, Ottawa, Fulton, Sandusky, and Henry counties in Ohio, and Monroe and Lenawee counties in Michigan.
*All rates and terms are subject to change.
