Real Estate Loans
First Mortgages
Common Trust Federal Credit Union Is Pleased To Provide Our Membership With The Ability To Apply For A 1st Mortgage Loan Online, And Receive Approval 24/7 With MortgageClick®
MortgageClick® – is our new online Mortgage Center where you can apply online 24/7 for a 1st mortgage, and qualified applicants can potentially receive a commitment letter. Even before starting the application, you can research loan options, run various scenarios using calculators, and take advantage of the educational information on the home-buying process.
Whether you’re making your first home purchase or refinancing an existing mortgage, we have the right loan product for you! MortgageClick® provides an array of educational information you can access at your convenience. Learn the Mortgage Process on your time, or contact our dedicated mortgage team! We are here to help you make the right financing decision.
With MortgageClick®, You Can:
Apply Now – Complete our streamlined application and receive an answer within minutes
View Current Mortgage Rates – Or obtain a Rate Quote with closing fees
Loan Options – Let MortgageClick® help explain your loan options and programs available
Learn – About the mortgage process
Calculate Payments – Before you apply, make sure it’s financially feasible. Run financing scenarios with our refinance, purchase, and amortization calculators
Looking for more information? Contact us!
Mortgage Rates
| Name | Rate | APR* | Loan Amounts | Fixed |
|---|---|---|---|---|
| Mortgages | Up to 30 Years | Call | Call | Fixed |
APR - Annual Percentage Rate
* Actual APR based on credit history and term
Rates are subject to changed without notice.
*APR - Annual Percentage Rate * Actual APR based on credit history and term
Rates are subject to changed without notice.
Home Equity Loans
Home Equity Lines
Owner Occupied Equity Line of Credit. The maximum line of credit plus the outstanding first mortgage shall not exceed eighty (80) percent of the appraised value of the real estate minus First Mortgage balance before minimum dollar amount. Maximum dollar amount $400,000. Property insurance is required in an amount equal to or greater than the amount of the approved home equity line and 1st mortgage. The Annual Percentage Rate may vary. Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal. Rate will not exceed 18% APR. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed. All payments will be made up of principal and interest. Fees may apply.
Fixed-Rate Home Equity
Loan Owner Occupied Fixed-Rate Home Equity Loan. These rates are subject to change at any time and are not guaranteed until a Fixed-Rate Home Equity Loan contract is executed. Fixed-Rate Home Equity Loans may be approved for up to Eighty Percent (80%) of the appraised value of the real estate minus First Mortgage balance before minimum dollar amount. Minimum dollar amount is $10,000. Maximum dollar amount $400,000. Property Insurance is required in an amount equal to or greater than the amount of the approved loan and 1st mortgage. Annual Percentage Rate will not exceed 18% APR. Fees may apply. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.
Looking for more information? Contact us!