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Mortgages

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.

Home Stretch Mortgage

You can see the daylight at the end of the tunnel – that’s when a Home Stretch Mortgage might be exactly what you need.

  • 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 and MO

APPLY NOW

 

1st Mortgages

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.

Types of Loans

  • Thirty-Year Fixed Rate Mortgage
  • Fifteen-Year Fixed Rate Mortgage
  • Hybrid ARM (5/1 ARM, 7/1 ARM, 10/1 ARM)
  • Adjustable Rate Mortgages (ARM)

Get a free consultation to learn more about what type of loan best suites your needs.

APPLY NOW

 

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.

 

 

*At closing, the borrower(s) will receive a lender credit on their settlement statement for up to $2,000 to cover Underwriting Fees, Document Prep Fees, Appraisal, Credit Report, Flood Certification, Tax Services, Title and Recording Fees. Closing costs do not include interim interest and prepaid items such as Insurance, Escrow, Property Taxes and PMI. If the borrower(s) does not close the loan, the borrower(s) will not be refunded up-front fees. First Mortgage Loans must be for $100,000-$417,000 in order to qualify for the promotion. This promotion is not available on loans currently financed through HACU, and does not include VA or FHA loans. Loan approval is subject to credit approval and program guidelines. Available on single family, owner occupied residences only. 80% Loan-to-Value or lower. Terms and conditions may apply. APR=Annual Percentage Rate. Rate example is based on home value of $400,000, with a loan amount of $300,000 and a credit score of 740. Estimated monthly payments on a 30 Year (360 month) Fixed Rate loan at 3.688% APR* = $1,378.82 per month. Estimated monthly payments on a 20 Year (240 month) Fixed Rate loan at 3.560% APR* = $1,749.15 per month. Estimated monthly payments on a 15 Year (180 month) Fixed Rate loan at 3.091% APR* = $2,084.90 per month. Payment includes principal and interest only, your payment will be higher. Interest Rates are subject to change without notice. Rates as of 08/15/2016. Promotion is for a limited time only.