Real Estate Loans

If you need money for home remodeling, college expenses, retirement or other big budget items, you can use the collateral in your home as a source of low cost funding with a Home Equity Line of Credit or Fixed Rate Home Equity Loan. Or, if you are looking to buy a new home or refinance a current property, a 1st Mortgage Loan at Credit Union 1 is the perfect, hassle-free solution! Visit our Resource Center for interesting tips and articles to help you make a better informed decision with your next Home Loan. To assist you in calculating payments for your Real Estate Loan, please feel free to use our Loan Calculators to assist you in finding the monthly payment or length of loan just right for you.

Home Equity Line of Credit (HELOC). When it comes to your personal finances you deserve choices. That is why Credit Union 1 offers two great options with unique features designed to help you achieve your financial goals. The interest that you pay may be tax-deductible (Please consult your tax advisor for details).

20 year term, 10 year draw, floor rate of 4%, up to 75% LTV. Variable rate changed monthly based on Prime Rate as quoted in the Wall Street Journal. Credit Union 1 pays fees in Illinois, Indiana and Nevada. All other states, Credit Union 1 pays the first $300. If HELOC is closed within 24 months, a fee reimbursement applies. Certain restrictions and requirements may apply, contact credit union for details. Subject to change at anytime without notice.

Fixed Rate Home Equity Loan. If you know exactly what you are looking to spend, a Fixed Rate Home Equity Loan is a great option that will give you piece of mind knowing that your rate will never increase!

1st Mortgage Loan. If you are overwhelmed with purchasing your home, Credit Union 1 can help! Credit Union 1 offers a wide selection of mortgage programs with competitive rates, low closing costs, and knowledgeable professionals to guide you through the whole process. You'll receive a tailored program to fit your individual needs.

For additional information and to apply, contact our Real Estate Department at (800)252-6950 ext. 4312, or email realestate@creditunion1.org.

*Financing provided through our CUSO CU/America.
**Not available in all states.

Calculators

Monthly Payment
Calculates your payment for different loan amounts, interest rates, and amortization terms.

How Much Can I Afford
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter.

Your share deposits are insured to $250,000 per account. This institution is not federally insured.

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