Whether you’re an early bird or a night owl, we provide business lending on your schedule.Our online loan portal reduces the application process timeline by 23 hours or more – saving you precious time to focus on running your company.
The Spectra Investment Services program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group. For more information about CUNA Brokerage Services, Inc., please visit cunabrokerage.com. Check the background of this firm or your financial professional on FINRA's BrokerCheck.
Enjoy a locked-in rate and payments that won’t change with market conditions.
Big dreams need a big mortgage.
Make buying your first home an unforgettable experience with NO MONEY DOWN and NO PAYMENTS for 90 days!
*APR =Annual Percentage Rate
Not all borrowers will qualify for the lowest rates. Your rate will be determined at the time of your application and will be based on qualifications and credit history. Advertised rates/points apply to Loan to Value (LTV) of ≤ 60% and credit scores ≥ 740. Additional fees may be charged based on loan purpose, property type, and credit history. All mortgage loans are secured by your real property; property insurance sufficient to cover the balance of the loan is required during the life of the loan. Cash out refinance limitations apply, contact the Credit Union for specific details.
Maximum LTV for jumbo loans is 90%. All Jumbo loan rates with LTVs exceeding 80% will increase by 25 basis points (0.25%).
Loan to value maximums includes outstanding balances on home equity loans.
Any first mortgage with an LTV exceeding 80% will be required to maintain Private Mortgage Insurance until the loan balances is less than 80% LTV>
Payment estimates include only principal and interest, and they do not reflect items such as taxes or insurance.
Conventional Mortgage 30 Year Term – Sample payment is $42.84 per $10,000 financed.
Conventional Mortgage 15 Year Term – Sample payment is $66.68 per $10,000 financed.
FIRST TIME HOME BUYER PROGRAM:
Minimum credit score requirement is 700 and maximum LTV is 100%. Maximum loan amount is $548,250. Borrower must pay 1% toward closing costs. Gift funds are permitted to meet minimum borrower contribution.
Deferred payment option is available to all members. Payment deferral period is 90 days from the date of the loan until the first payment and may be slightly longer based on scheduled first payment. Regular monthly payments may be made during the deferment period but are not required. Deferring a payment will result in a longer period of accrued interest which may cause your first payment or first several payments to be disproportionally greater to interest than to principal.
Payment estimates include only principal and interest, and they do not reflect items such as taxes or insurance
Sample payment is $45.61 per $10,000 financed.
Rate is increased by .125%. Maximum LTV is 90%. Property must not be used as in investment/rental property. Points listed above apply to applicants with credit scores greater than 739 and LTV ratios of up to 75% (for purchases) or 60% (for certain cash-out refinances). Members not meeting these requirements may be subject to increase loan points.
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