Mortgages:
1 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.
2 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.