Mortgage Loans

Whether you’re a first-time home buyer, UP-SIZING, or downsizing, we have a product that fits you

Launch Mortgage Center

Types of loans we offer

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Conventional Loan

15, 20, & 30 year fixed rate terms
Serviced by CFCCU
Local underwriting & credit decisions
Flexible down payment options, with a 5% minimum required
Cash-out refinances up to 90% LTV

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In-house mortgages

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% financing available

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Construction & Lot Loans

Lesser 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

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CFCCU partners with Premier Lending Alliance for government loans (i.e. FHA, VA, and USDA).

To complete an application for a government loan or obtain more information, please contact Dawn Saterfield.

[email protected]

515.867.2716

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 and needs in order to find the best mortgage product tailored to you. CFCCU assists from the very beginning of origination through the closing of the loan. We will provide the answers rather than leaving you with more questions.

To request a mortgage rate quote, contact one of our mortgage experts for assistance. Interest rates can change daily.

Jennifer Haugen
[email protected]
319.266.7531

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.

Property Tax

Enter your property tax here if you know it.

per year

Home Insurance

Most lenders require home insurance. Enter its price here.

per year

PMI

PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.

Calculate

Launch Mortgage Center

Ready to start your next steps into your new home?

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.

• Helen Pearce – 779985
• Chad Kaeppel – 445923
• Jennifer Haugen – 862961
• Kelli Aikey – 658414
• Micki Denner – 658418
• Lindsy Graham – 2096336
• Dawn Saterfield – 24490

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.