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Mortgages/Real Estate Loans

Home Equity Loans

You've put a lot into your home…now get even more out of it!  If you've been putting off buying a new car, making a purchase or consolidating your debt, a home equity loan is perfect for one lump sum of funds.

  • Borrow up to 100% of your home's loan to value
  • Low fixed rates - rates won't change over the term of the loan
  • Repayment terms up to 15 years max $100,000
  • $900 closing costs
  • Interest may be tax-deductible Consult your tax advisor for potential tax benefits.
  • No prepayment penalties
  • Easy payments through payroll deduction or direct deposit

Apply Online or contact a credit union loan officer for further assistance.

Home Equity Lines of Credit (HELOC)

Take advantage of your home's equity with a variable-rate line of credit you can access for whatever you need, when you need it.

  • Borrow up to 80% of your home's loan to value
  • Low variable rate adjusts quarterly, based on Prime Rate + Margin
  • A paper = Prime + ¼%
  • B paper = Prime + 1½%
  • Line of credit advances for up to 5 years
  • Credit line allows access as needed
  • Repayment terms up to 15 years
  • $900 closing costs
  • Interest may be tax-deductible Consult your tax advisor for potential tax benefits.
  • Easy payments through payroll deduction or direct deposit

Apply Online or contact a credit union loan officer for further assistance.

First Mortgages

Time for a change? How about a change of address? Whether you want to buy a home or refinance your mortgage, NMFCU has first mortgage home loans available through our partners, First Class Mortgage and Marketplace Home Mortgage, LLC to help you secure financing - fast, easy and dependable. Plus, you can have a repayment schedule that could save you thousands of dollars over the life of the loan.

  • Access to a variety of loan options
  • Fixed or adjustable rates
  • Terms up to 30 years
  • FHA loans available and more!
  • For an easy-to-use mortgage calculator, click here.

Apply online through First Class Mortgage or Marketplace Home Mortgage, LLC, or contact a credit union loan officer for a variety of loan options, terms and rates.

Another great option is our CLEAR Mortgage.

This program has been developed for our members who have a low Loan to Value (60% LTV or less) and want to combine their 1st and 2nd mortgage, structure their payments differently or accelerate their payoff.  The process is straightforward from start to finish with closing costs as low as $900!  Come in and talk with our Loan Department to find our more.

Cost Effective ♦  Lower Payments/Rates ♦ Easy Application Process ♦  Alleviate Stress ♦ Rapid time frame

WE'VE GOT FREE CHECKING

No Monthly Fee - No Minimum Balance - No Hassle

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Visa Platinum Card

Fixed 9.90% APR*

 

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