Home Mortgage Loans

According to the Collins English Dictionary, Complete & Unabridged 10th Edition, the definition of a mortgage is quite simply defined as a conveyance of an interest in property as security for the repayment of money borrowed. Unfortunately, searching for the best mortgage loan and understanding all of the many options available, can be anything but simple.

At Advantage Credit Union, our professional staff promises to take the time to custom build a mortgage loan that is perfect for you. Whether you are considering to buy a home or just searching for the confidence in knowing that you have the best mortgage and rate possible, we are here to help!

FHA and VA Loans

No Points or Closing Costs on First Mortgages
Limited Time Offer / Excluding Secondary Market
Call or email us today to schedule your free no-obligation assessment.

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First
Mortgages

Purchase a new home or refinance your existing mortgage.
Second Mortgages

A fixed rate, fixed term loan based on the equity in your home.
 
  • adjustable term and rate with monthly repayment, 80% LTV
  • fixed rate with a bi-weekly repayment, 80% LTV
  • terms up to 30 years
FHA Loans


VA Loans Over 14 million veterans and military personnel have realized the benefits of the VA home loan program.

Who Can Participate?
  • veterans
  • current members of all branches of the military
  • surviving spouses of military personnel

Unique Guidelines:
  • no down payment required for purchase
  • refinance up to 90% of your home’s value
  • never prepayment penalties
  • credit scores of 620 and higher
Home Equity
Lines
of
Credit
The best source of credit may be the equity in your home. In many cases, the interest rate is lower than other types of loans and if you check with your tax adviser, the interest may be tax deductible. Also, a line of credit is something you can use at your convenience - take as much or as little as you need!

  • no closing costs
  • no pre-payment penalty
  • no application fees
  • borrow up to 80% of the value of your home (minus outstanding mortgage balances)
  • variable interest rate (based on the prime rate plus margin)

 





 

 

Mortgage Calculator

 

Click her to use Bankrate's mortgage calculators to compare mortgage payments, home equity loans and ARM loans. The mortgage calculator offers an amortization schedule.


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