Home Loans
Your home is your most important, and usually largest, asset. At Compass Community Credit Union, we’re here to guide you through the home loan process.
There are so many lenders shouting for your attention these days, it can be difficult to know where to turn for home loans. As a member-driven not-for-profit organization, Compass Community Credit Union may be your best solution. We make loan decisions right here in our office, rather than in a corporate headquarters somewhere. How’s that for personal service?
Have questions? Ready to apply? Email Megan Binschus at mbinschus@compassccu.org.
First Mortgage
- Quick, in-house decision making
- Terms from 10 to 30 years
- Loan-to-Value ratios up to 80%
- $500 origination fee plus all third-party costs associated with this loan
- Competitive rates
We have a Home Loan Toolkit from the Consumer Financial Protection Bureau. Click button below to download it.
Non-Owner Occupied First Mortgage
Interested in buying a vacation home or investing in a rental property? Other lenders may charge you higher mortgage rates and fees. At Compass CCU, we don’t!
- Quick, in-house decision making
- Terms from 15, 20 or 30 years
- Loan-to-Value ratios up to 80%
- Pay only a $1000 origination fee plus all third-party costs associated with this loan
- Competitive rates
Home Equity Loans
Home equity lines of credit are great ways to use the equity you have in your home for larger purchases and expenses like home improvements. It can be a smart way to borrow at a low rate, and offers potential tax savings.*
Even though this type of equity loan or line of credit is secured by your home, that doesn’t mean you can only use it on your home. Since your home equity loan offers such a great rate, there are lots of other things you can use it for:
- Debt consolidation
- A family wedding
- College tuition and expenses
- Any major purchase for which you’d enjoy having a great rate and possible tax deduction*
*Check with your tax professional.
Closing costs? Zero. Uses? Unlimited. For a limited time, we are covering the closing costs when you open an owner occupied home equity loan with us.^
^ Automated Valuation Model (AVM) is used to determine property value; However, additional fees may apply if a full appraisal is required. Full Appraisal fee will be the responsibility of the borrower(s). Home Equity Credit Line of Credit must remain open for a minimum of three years. Home Equity Line of Credit closed prior to three years of the open date is subject to reimbursement of all original waived fees which will be added to the payoff balance.
Email Megan Binschus at mbinschus@compassccu.org.
