Mortgages

mortgage rates at the credit union

Mortgages


The Spring market is almost upon us. Beat the rush and secure a great mortgage rate with us today! 


There's no place like homehouse image

Whether your goal is to acquire your first house, a second home, a vacation property, or an investment asset, navigating real estate loans can be intimidating. There's a plethora of factors to take into account, including fees, inspections, points, appraisals, insurance prerequisites, and beyond.

To assist you in making well-informed choices, HealthCare Associates is alongside you throughout the entire journey, striving to simplify the procedure as much as possible.

A mortgage expert from HealthCare Associates Credit Union will be delighted to arrange a meeting with you to assess your present circumstances, converse about your requirements, and ascertain the optimal ways in which we can cater to your needs.


The No PMI Mortgage1

No PMI Refinances  No PMI Mortgages
No PMI Refinance No PMI Mortgage

PMI or Private Mortgage Insurance costs
borrowers thousands of dollars.
 That means
you can expect to pay $150-$300 or more
every month!

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 our trusted mortgage partner at 844.323.2274.

APPLY NOW    TALK TO A MORTGAGE EXPERT 


Are you in the Home Stretch? 

Home Stretch Mortgage for Refinancing

Although individual circumstances vary, the common goal is to expedite mortgage repayment. This objective underpins our product, the Home Stretch Mortgage (HSM). If you've been diligently reducing your existing mortgage and possess a minimum of 30% home equity, you're likely approaching the peak of your efforts. This is precisely where our HSM comes into play, offering the potential to assist you in crossing 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

APPLY NOW 


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)

APPLY NOW   TALK TO AN EXPERT


Golden Reverse Mortgage

Similar to the FHA Reverse Mortgage, a Golden Reverse Mortgage from HealthCare Associates Credit Union 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.


Mortgages:

No-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.

Home Stretch:

*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 5.65%. Payment Example: Home Stretch Mortgage with an interest rate of 5.65%, 12 monthly payments of $85.91 per $1,000.  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.

 

We compared rate offered by HealthCare Associates CU with those offered at three local competitors 02/07/2024 and HACU’s was lower.

The information provided assumes the purpose of the loan is to purchase a property with a 30-year, conforming, fixed-rate loan and that the property is an existing single-family home to be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval. Rates quoted may require a loan origination fee.

Must have a Credit Union membership established and be in good standing.  The member applicant is responsible for the following fees and costs at the time of closing: appraisal fee, tax service fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. These examples are not intended to be an all-inclusive list.

 

 
HOME STRETCH MORTGAGE REFI
*% as low as
APR 5.65%*

VIEW PURCHASE & REFI RATES

 View all loan rates

First_Mortgage_ResourceCenter_Image

ATM & Branch Locator

Find a Branch or ATM Near You.
Find a Branch or ATM near You with the following search criteria: