There's no place like home
Whether you’re looking to purchase your first home, your next home, a vacation home or an investment property, real estate loans can be confusing. There’s so much to consider: fees, inspections, points, appraisals, insurance requirements and more.
To help you make healthy decisions, HealthCare Associates is with you every step of the way to make the process as easy as possible.
A HealthCare Associates Credit Union mortgage professional will be happy to meet with you to analyze your current situation, discuss your needs, and determine how we can best serve you.
New! The No PMI Mortgage1
|No PMI Refinances
||No PMI Mortgages
PMI or Private Mortgage Insurance costs
borrowers thousands of dollars. That means
you can expect to pay $150-$300 or more
Exactly how much is PMI? Private Mortgage
Insurance (PMI) can cost borrowers as much
as a car $24,000-$43,000 over the term of the
loan and about $150-$300 or more monthly!
If you have and FHA Mortgage that started after June 3, 2013, your FHA mortgage insurance can't
be cancelled, it will last the life of your loan. Apply now to refinance your loan and eliminate the costly FHA mortgage insurance.
- Eliminates costly PMI payments
- Loan amounts from $75,000 up to but not including Jumbo Mortgages
- Receive up to 90% Loan-To-Value
Let us help you finance your home with a No PMI Mortgage. Put your equity and good credit to work for you.
For a free mortgage consultation call Colin Ungstad at 630-383-0121
Are you in the Home Stretch?
Home Stretch Mortgage for Refinancing
While everyone's situation is a little different, the bottom line is we'd all like to pay off our mortgage sooner. That's why we call this product the Home Stretch Mortgage (HSM). If you've been paying your current mortgage down and have at least 30% equity in your home, you can probably see the light at the end of the tunnel – that’s when our HSM might be exactly what you need to get to the finish line.
- Loan amounts from $25,000 to $500,000
- Pay off your home in 5, 7, 10 or 15 years
- Pay less interest
- Pay no closing costs
- FREE application
- Receive up to 70% Loan-To-Value
- No escrow
- Available members residing in IL, IN, WI and MO
Home Mortgages for Purchase or Refinance
Mortgage pre-approval helps take the stress out of home buying. Members learn exactly what they can afford before shopping for a new home and gain leverage during the offer and negotiation stages. These mortgages are available nationwide.
Types of Loans
- 30 Year Fixed Rate Mortgage
- 15 Year Fixed Rate Mortgage
- Hybrid ARM (5/1 ARM, 7/1 ARM, 10/1 ARM)
- Adjustable Rate Mortgages (ARM)
Golden Reverse Mortgage
Similar to the FHA Reverse Mortgage, a Golden Reverse Mortgage from HealthCare Associates allows you to supplement your income using the equity that exists in your home. This is perfect for homeowners looking toward retirement who need additional income to enjoy that time of their life.
- Applicants must be 62 years old or older
- No monthly mortgage payments
- Fees payable from proceeds of the transaction
- Product available only in Illinois
REQUEST INFO or call 800.942.0158 and speak with a Loan Representative.
*APR = Annual Percentage Rate. Home Stretch Mortgage must be secured by owner occupied real estate, in IL, IN, MO and WI. Minimum loan amount $25,000. Minimum loan rate 4.10%. Maximum loan rate 4.70%. Payment Example: Home Stretch Mortgage with an interest rate of 4.10%, 12 monthly payments of $85.22 per $1,000. Example: $25,000 loan @ 4.10 APR amortized over 60 months would result in repayment of $25,000 principal and $2,701.20 finance charges. Refer to hacu.org or call our loan department for additional information. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral. Loan to value of 70% or less. Property insurance is required. Additional disclosures will be sent after application is received, please retain a copy for your records.
1No-PMI Mortgages are available for a limited time, with a minimum of 10% or more of the home's value in equity or down payment and an escrow account. Loans are subject to credit review, approval and program guidelines. Available on owner-occupied, primary residence, single-family homes, condominiums, and town homes only with a minimum loan amount of $40,000 up to, but not including jumbo mortgages. 90% Loan-to-Value or lower. Terms and conditions may apply and rates are subject to change daily. Only new loan funding, not available for existing HACU loans. APR = Annual Percentage Rate.