Real Estate

Purchases

We work with a 3rd party mortgage company to get you pre-approved. Please call for information.

Refinancing First Mortgages

Refinancing your first mortgage can be done through the credit union. We require 20% of the equity in your home to remain available. To calculate what is available for you to refinance, we take the appraised value of your home, minus 20% of that value, and that is what is available for refinancing, all outstanding mortgages considered. We have a 5, 10, 15, 20 and 30 year mortgage loan available with reasonable closing costs. To see our current rates, click here.

Home Equity Loans

Option 1

Our Home Equity Line of Credit is a variable rate loan based on the Prime Rate plus 0%. We can adjust your annual percentage rate semi-annually on the first day of January and July, if the prime rate has changed throughout the year. The fees required to open the line of credit will be paid by the credit union. The loan has a four year reimbursement clause, so if you close your line of credit prematurely, you agree to reimburse back to the credit union a portion of the fees paid depending on what year you close the line.    

20% of the equity must remain available in your home. To calculate this, we take the appraised value, minus the 20% equity, and subtract  the balance of the current mortgages. That leaves you with the amount available for the line of credit. You can obtain credit advances for five years which is called the “draw period”. You will make payments during the draw period. After the “draw period” ends the remaining length of the repayment period will depend on the balance at that time.

Option 2

We have a Home Equity Fixed Rate Mortgage available. Everything from above also pertains to this loan, except the loan is not a line of credit and cannot be advanced on. The Home Equity Loan remains at a fixed rate throughout the term of the loan which is a maximum of ten years.

To view our mortgage loan rates, click here .

Please contact one of our offices for an application for any of our mortgage loan products or click here to request a mortgage application be mailed to you.

Registered Mortgage Loan Originators (MLO's):

Nikki Kish - NMLS# 792975

Cathy George - NMLS# 790672

Sarah Anderson- NMLS # 1472650

Sarah Stallings – NMLS# 1529489

Amy Ericksen – NMLS# 2120283