319.266.7531 • 800.376.3090

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.

CFCCU Mortgage Loan Calculator
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Types of loans we offer

Conventional Fixed
In-House Mortgages
Veterans Affairs (VA)
USDA Loans
FHA Loans
Construction & Lot Loans
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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.

Dawn Saterfield
Lorrie Kane
lending@cfccu.org
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.

• Chad Kaeppel – 445923
• Lorrie Kane – 658416
• Danelle Brockway – 658426
• Micki Denner – 658418
• Kelli Aikey – 658414
• Helen Pearce – 779985
• Dawn Saterfield – 24490
• Joshua Hurley – 1597955

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.