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Home Loans

Real Estate Loans

Effective 1/2/2014

Important Specifications for all Real Estate Loans

Maximum Mortgage Loan Amount $400,000

Maximum Mortgage Loan Aggregate $500,000

Maximum Mortgage Loan Term 30 years

Minimum Monthly Payment $100

Maximum D/I ratio 45.00%

First Mortgages *APR


30 year fixed Please Call for Details

20 year fixed Please Call for Details

15 year fixed Please Call for Details

10 year fixed Please Call for Details

5 year fixed Please Call for Details

Second Mortgages *APR


20 year fixed Please Call for Details

15 year fixed Please Call for Details

10 year fixed Please Call for Details

5 year fixed Please Call for Details

Unimproved Property *APR


Fixed Rate (maximum - 10 years)Please Call for Details

No origination fee or points will be charged on mortgage loans.
Members with less than excellent credit, with higher debt to income ration than above, may qualify for a loan up to 80% of the appraised value of property at a higher rate of interest.

Members with first mortgages with the credit union may be eligible for a second mortgage at a rate of 1% higher that the current first mortgage rates (see current table) with no appraisal.

Mobile Home Loans

Effective 1/2/2014

Term of Loan *APR
(100% List - NEW, Retail - USED)

24-36 Months 7.00% - 17.99%

37-84 Months 8.00% - 17.99%

(Member must own the land that the mobile home will be on.)

*Annual Percentage Rate


Important Lending Information

All consumer loan rates, except share and CD secured, apply to members with excellent credit and a debt/income ratio of 49% or less and a beacon score of 740 and over. 

For beacon scores lower than 740 see the chart below to determine the percentage to be added:

Beacon Score    ++Add++

711 - 739    1.00%
676 - 710    2.00%
640 - 675    3.00%
611 - 639    5.00%
575 - 610    8.00%
Under 575    10.00%

Bankruptcy - add 5% to beacon score rate unless the member has always paid on time and has reaffirmed or kept the credit union out of the bankruptcy plan. This additional 5% may be waived by management. Maximum rate it 18%. Management can match rates, terms and/or payments. New Automobile rates apply to any vehicle not greater than 2 years old and less than 25,000 miles. The credit union offers GAP insurance, however, the member is not required to purchase this insurance from the credit union. If the member purchases GAP insurance from another source, the member must provide the credit union with proof of purchase. Mobile home loans may only be made to members owning the property where the mobile home is to be placed. Management may match rates.