Pre-approval is a good place to start. Our pre-approval process will help to determine a reliable budget estimate and will generate a document that will be specific and accurate, providing all of the information your realtor will need to assist you in the buying process. And don’t worry; if at first you do not qualify, we’ll help you build a roadmap to home-ownership through education, problem solving, and support.

As exciting as home buying can be, we also understand that it can be a bit overwhelming at times. In order to make the process as simple and stress-free as possible, we employ a team approach to ensure our members have a terrific home buying experience. Our Mortgage Specialists take the time to communicate proactively with realtors and title companies, to keep the homebuyer informed throughout the process; no more guessing about the status of the mortgage process.

Program Benefits:

• Very competitive closing costs!
• Down payments as low as 3%
• Long term fixed rates available to protect you from rising rates
• ARMs based on an outside index, so all mortgage rates are determined by an independent, market-based index
• No Balloons
• No pre-payment penalties
• Local appraisers: they know us and are familiar with our area
• Make payments/automatic transfers right from your WCCU account
• Mortgage accessible through online banking; see balance, track payments
• Lack the funds for a down payment? Gift funds are acceptable!
• Mortgages available for non-conforming properties and non-conforming borrowers

The United States Department of Agriculture (USDA) Rural Development Program is committed to helping improve the economy and quality of life in rural America. They offer loans, grants and loan guarantees to support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure in rural communities.

Working with the USDA, WCCU can assist you with your Rural Development loan.

• Local loan servicing – no outsourcing
• First-time home buyers welcome
• Low Income loans with generous income limits!
• Zero-down and low money down mortgage loans for those who qualify
• Available for primary residences only
• Fixed interest rates
• NO balloons

• Potentially Lower Your Monthly Payments — Your current financial profile will determine the percentage rate, loan term, and monthly payment for which you qualify. Depending of the term of your current loan, available loan rates, and improvements to your credit score, it may be possible to lower your monthly payment through refinancing.
• Adjustable Rate Mortgage (ARM) — Review your current rate. Sometimes an Adjustable Rate Mortgage is your best bet. Or, if the rate of your current ARM is on the rise, talk to our Mortgage Specialists about the options for converting to a fixed-rate loan.
• Pay Off Your Mortgage Sooner – Refinancing to a 15-year mortgage, as opposed to a 30-year mortgage, will allow you to pay down your balance faster. As an additional benefit, the interest rate offered on a 15-year mortgage is often lower than the traditional 30-year loan.
• Private Mortgage Insurance (PMI) — Private mortgage Insurance is required when your home’s equity is below 20%. If your home’s equity has exceeded 20%, you may be able to eliminate PMI.

• Long term fixed rates available to protect you from rising rates
• Adjustable Rate Mortgages (ARMs) based on an outside index, so all mortgage rates are determined by an independent, market-based index
• No Balloons