Mortgage Loans
No matter where you are in the home buying, repairing, or refinancing CFCCU can help. Whether you’re a first-time home buyer, upsizing, or downsizing, we have a product that can fit your individual needs.
Types of loans we offer
Financing your Home with CFCCU
Imagine finding the perfect home for your family, but when it comes to the mortgage, you’re not even sure where to start. That is where CFCCU can help. We will assess your budget, lifestyle
To request a mortgage rate quote, contact one of our mortgage experts for assistance. Interest rates can change daily.
Lorrie Kane
Jennifer Haugen
[email protected]
319.266.7531
Conventional Fixed
- Program best fit for higher credit scores
- Terms of 10 to 30 year fixed rates
- 5% down payment for purchases
- Cash out refinance up to 80% LTV
- 100% Gift OK
- Seller contributions up to 3%
In-House Mortgages
- Flexibility with credit scores
- Terms up to 30 year amortization with 5 to 10 year fixed rates
- Loan held in-house and serviced by CFCCU
- Low closing fees
- No escrow
- 100% Gift OK
Veterans Affairs
- Flexibility with credit scores
- 15 & 30 year fixed rates
- 100% financing for purchases
- Cash out refinance up to 100% allowed
- Seller contributions up to 4%
- For active or retired military service personnel
UsdA
- Flexibility with credit scores
- Terms of 30 year fixed rates
- 100% financing available for purchases
- Closing costs may be financed if the appraised value is higher than the sales price
- Property must be located in an eligible rural area
- Income restrictions apply
FHA
- Flexibility with credit scores
- Terms of 15 & 30 year fixed rates
- 3.5% down payment on purchases
- Cash out refinance to 85% LTV
- Limited credit history is acceptable
- FHA financing is for everyone and not just limited to first-time homebuyers
- 100% Gift OK
- Seller contributions up to 6%
Construction & Lot Loans
- Lessor of 90% of Construction Costs or 80% LTV
- Construction draws paid to contractors
- Interest only payments
- 1 year maturity
- Borrow must be approved for permanent financing
Mortgage Rates for the purchase of a home or refinancing an existing first mortgage can change frequently — sometimes daily! Your best option for determining available rates is to call the CFCCU mortgage lending staff at 319.266.7531.
Below is the NMLS information for each MLO employed by the Cedar Falls Community Credit Union NMLS# 434893.
• Kelli Aikey – 658414
• Danelle Brockway – 658426
• Courtney Chesmore – 1854845
• Micki Denner – 658418
• Jennifer Haugen – 862961
• Chad Kaeppel – 445923
• Lorrie Kane – 658416
• Helen Pearce – 779985
Secure and Fair Enforcement for Mortgage Licensing Act of 2008
On July 28, 2010 the Nation Credit Union Association (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLO’s to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Once registered, each MLO is provided a Unique Identifier from the NMLS. An MLO must provide this Unique Identifier to each mortgage loan applicant upon request and prior to the employee acting as an MLO. For more information about the registry, please visit the NMLS.