Mortgage Loans

Loan Information

• The Credit Union loans 80% of appraised value.
• Loan may be amortized for 30 years or less.
• All mortgages have a 5 year balloon maturity:
  • Rate is fixed for the 5-year period.
  • On the balloon maturity, the loan may be renewed at the then current rate.
  • If rates are lowered during the 5-year period, you may refinance at the new rate with a new 5-year balloon. The fee for this request is 1% point. For example, if loan balance is $30,000.00, the fee would be $300.00.
• Interest rate is based on current market rates and is locked in on the date you submit your application.

Approximate Fees

• 1% Discount Point (amount of loan x .01). Currently Waived
• Appraisal: approximately $300.00 to $350.00.
• Pest Inspection: approximately $150.00.
• Title Insurance: approximately $250.00 to $450.00 depending on amount of
  loan and if loan is a new purchase or a refinance.
• Nebraska Title Closing Fee: approximately $225.00.
• Recording & Express Mail Fees: approximately $90.00.