Home Loans
Adjustable Rate Mortgages
If you are interested in an Adjustable Rate Mortgage, here are the facts you
should know:
- The interest rate is tied to the price of Treasury Bills and adjusts at specific
periods.
- Most ARMs cannot go up more than 2% per adjustment period or 6% for the life
of the loan.
If you think an ARM is for you, check out our rates,
then call us, or apply online.
Fixed Rate Mortgages
If you want to know exactly how much you will pay for the life of your mortgage,
then you want a Fixed Rate Mortgage. The interest rate is locked in for the life
of the loan, so future changes in interest rates won't affect it.
- We offer 5-year, 10-year, and 15-year Fixed Rate Mortgage Loans.
If you have a high interest Fixed Rate Mortgage Loan, contact us for more information
about refinancing with a lower mortgage interest rate, today.
Home Equity Loans
If you want to borrow against your current mortgage, you can do so with a
Home Equity Loan. Use the funds to consolidate debt, make home improvements, pay
for a college education, and more.
We offer:
- 5-year Fixed Rate
- 10-year Fixed Rate
- 15-year Fixed Rate
Contact us to see which one is right for you.
If you don't have a specific amount in mind for right now, consider our Home
Equity Line of Credit Loans.
Home Equity Line of Credit Loans
You can set up a Home Equity Line of Credit Loan based on your home's available
equity. Once the line of credit is established, it is ready for you to use whenever
you need it.
- No reapplying to access the funds.
- No interest to pay unless you withdraw money from your line of credit. That
also means, you only pay interest on the amount you borrow.
If you want to make sure you have the cash on hand for emergencies, home improvements,
college tuition, and more, apply for a Home Equity Line of Credit Loan.
Call the Credit Union at (304) 455-4029 for rates.
Unimproved Land Loans
If the first step to your new home is to buy the land,we have loans for that
option, too.
Our Unimproved Land Loans feature:
- 80% LTV
- 20% Down PAyment
- 12 Year Term
- Current Interest Rate
Refinancing Mortgages And Home Equity Loans
If you bought your home when mortgage rates were higher, contact us about
refinancing your loan at today's lower interest rates. You can start saving right
away when your mortgage payments are less. Plus, you can free up your home's equity
for debt consolidation, home improvements, college costs, or other purposes.
Information Needed for Your Loan Application
To ensure the smooth processing of your application, have the following information
and resources available:
- Photo ID and proof of Social Security number.
- Residence addresses for last two years.
- Names and addresses of each employer for past two years.
- W-2s and last two pay stubs. Names, addresses, account numbers, and balances
for all checking and savings accounts and the last two bank statements.
- Names, addresses, account numbers, and balances on all current loans.
- If self-employed, the last two years' tax returns and year-to-date Profit
& Loss prepared by an accountant.
- Loan information and addresses on real estate owned.
At this time money will be collected for a credit report and appraisal.
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