Mortgages

Credit Union of Ohio, Your Local Mortgage Lender

 

Financing a Home

Whether you're buying your first home, purchasing another, or refinancing, you get affordability and terms you can understand. We offer traditional first mortgages, adjustable-rate mortgages, and other loan options. Get pre-approved to make your house-hunting experience easier and to give you more bargaining power.

APPLY TODAY or Explore Rates.

Type	Terms	Minimum Down Payment	Additional Notes
Conventional	10, 15, 20, and 30 Year	3%1, 5%	Affordable, fixed rates. You should consider monthly payments and total interest when determining the term.
ARMs	1/1, 3/1, 5/1, 7/1 and 10/1 ARMs	10%	Can keep payments lower during the first few years. Best for those intending to live on the in the home for a limited time.
FHA	15 and 30 Year	3.5%	Reduced interest rates. Only available to those that qualify and may require additional insurance.
HomeReady Advantage2	10, 15, 20, and 30 Year	3%	Down payment can be from gifts and other eligible sources. Requires completion of an online Homebuyers Education Course. Great for homebuyers with good credit but limited funds.
VA	15 and 30 Year	No down payment required	Reduced closing costs and no Monthly Mortgage Insurance. Only available for eligible veterans, active duty, reservist, or surviving spouse.
USDA	30 Year	No down payment required	Reduced Monthly Mortgage Insurance. Income and property address restrictions may apply.
1Down payment of 3% for qualifying First Time Homebuyers 2HomeReady Advantage Program is subject to change at any time

Additional offers and information

• Mortgages are available for primary residences, eligible condominiums, and vacation homes in the state of Ohio
• Preapprovals on all of our financing options
• Home by Fannie Mae: a mobile app to track progress and keep you in touch with the realtor and lender. Additionally, the app helps educate current and future homeowners about purchasing and owning a home, preparing financially, estimating affordability, learn about the home buying process and much more. Download the app today!
• Questions? Email us here.

CREDIT UNION OF OHIO'S NMLS # 704953

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