Home Loans
Mortgage Loans
Thinking of purchasing a home or refinancing your present home? You’ve come to the right place! We offer 15, 20 and 30 year fixed rate mortgages with competitive rates and closing costs with up to 95% financing available. Pre-approval is generally within 24 hours. Call our loan department at any branch for current rates or how to get started.
We now have 5/1 and 10/1 adjustable rate 30-year mortgage, and 15 year fixed rate mortgages that remain here at the credit union. Or inquire about first time home owner loan programs with little down payment with qualified credit.
Contact:
Deb Stephens (563) 355-7866 or (309) 796-9600 IA and IL
Arrange to pay your Family Credit Union loans with convenient payroll deduction!
First Time Home Buyers Program
Purchasing your first new home but have no idea where to start? Begin with us and our First Time Home Buyers Program.
We’ll provide you with the certified education that will help you understand the process along with a $250 closing cost discount. Our mortgage departments are at our Bettendorf and Silvis offices.
Home for Sale
205 2 Avenue, Jamaica, IA. Inquire at the Perry branch, 515-465-5180
Payment Protection
(Underwritten by CUNA Mutual Insurance)
Preserve your financial future and make sure you and your loved ones are financially secure. Payment protection coverage provides a valuable safety net by making loan payments in the event of disability or death of a covered member. For your convenience, your premium is included in your loan payments so there’s no extra payment to make (not available on first mortgages).
Home Equity Loans
A Family home equity loan can help you:
- Consolidate Bills
- Pay College Tuition
- Take a Vacation
- Make Home Repairs
- Pay for Unexpected Expenses
- Purchase a Vehicle
Borrow up to 95% of the equity in your home. Terms up to 180 months. Or use the equity in your home as collateral to pay off high-interest credit cards with a low-interest home equity loan from us. Home Equity Lines of Credit available.
The possibilities are endless!
Home Improvement
A perfect option even if you don’t quite have the equity in your home.
- Get the money you need now with same day processing*
- Budget-friendly terms and flexibility on the borrowing amounts
- Big or small needs; room updates, deck, flooring or an add on
Rates: as low as 8.00% APR**
*Non-collateralized loans only
**Based on > $7,500 borrowed funds. Lower borrowing amounts available.
Loan Rates
Click here for payment calculator
| Loan | Rates As Low As: | ||||
|---|---|---|---|---|---|
| Rates quoted are subject to change without notice and are known to change several times per day. These rates are provided as a sampling of what rates are, using a scenario of a $125,000 purchase, 20% down, the loan amount of $100,00, with good credit (lower down payment options available). Closing costs, real estate taxes and property or flood insurance, if required, are not included. Rates may vary, based on loan amounts, subject property, loan qualification, credit scores and other variables. ^APR may increase after consummation of the loan. **1st Mortgage Rates updated 2/1/12 All other rates updated 4/1/11 | |||||
| 30 Year Fixed (secondary market and will be re-sold) | 15 Year Fixed (secondary market and will be re-sold) | 15 Year Fixed (in-house) | 5/1 ARM^ | 10/1 ARM^ | |
| 1st Mortgage** | 4.00% (4.11% APR) | 3.25% (3.44% APR) | 3.89% (4.08% APR) | 3.79% (3.89% APR) | 4.25% (4.36% APR) |
| Payments Per Thousand Borrowed | $4.77 | $7.03 | $7.34 | $4.65 | $4.92 |
| Variable Rate Home Equity Loans^ | - | 5.00% | 5.00% | ||
| Fixed Rate Home Equity Loans < 60 Months | 4.44% | ||||
| Fixed Rate Home Equity Loans > 60 Months | 6.00% | 6.00% | |||
