Real Estate Loans

Our Mortgage Department offers member’s quality home financing options. We are here to provide Credit Union of Georgia members with quality home financing options. We're here to help guide you through your mortgage decisions! We look forward to providing the quality service Credit Union of Georgia members have come to expect and deserve.

Mortgage Options include:


• Fixed Rate Mortgages
  (10-, 15-, 20- and 30-years)
• Adjustable Rate Mortgages
  (3-, 5-, 7- and 10-year)
• Home Equity Loans
  -  APPLY FOR A HELOC NOW!
  -  PRE-QUALIFY NOW!
• Term ARMs including Interest Only
• No Closing Cost Mortgages
• Jumbo Mortgages
• Conventional Second Mortgage Loans
• Residential Land Loans up to 20 acres


Fixed Rate Mortgages
Whether you're looking to purchase a new home or refinance your existing home, Credit Union of Georgia will fulfill your every need. It's quick and it's easy! A fixed rate mortgage can help open the door to your dream home. No hassles, just quality service from the Credit Union you know and trust.

Benefits

·     Finance up to 100% of purchase price
·     Fixed rates
·     No prepayment penalties
·     Flexible terms from 10-, 15-, 20- or 30-year terms
·     No intangible taxes
·     Interest paid may be tax deductible*

Adjustable Rate Mortgages
Looking for a mortgage loan at the lowest possible rate? Apply for one of our new Adjustable Rate Mortgage (ARM) loans. We offer 1, 3, 5 and 7 year terms which means your interest rate is fixed for the specified initial period, with the rate adjusting annually after that period. The lower initial rate is also unique because you may qualify for more and lower your monthly payment.

Benefits

·     Lower initial rate
·     Less risk to borrowers who want interest rate protection with a competitive rate
·     Longer initial fixed-rate periods protect against rapid interest rate increases
·     Great loan for borrowers who are looking for short-term financing
·     No prepayment penalties

Fixed-Rate Second Mortgages

A fixed rate second can help avoid PMI on a new home. It can be used for home improvements and much more.

·     Up to 100% Loan to Value
·     Up to 15-year financing
·     Low, competitive closing costs

Land/Lot Loans

If it is your dream to build your own home, this loan can help you get your feet off the ground. Credit Union of Georgia offers land/lot loans for purchase or refinancing of land to qualified members. The maximum loan amount is 85%* of the property value or sales price, whichever is less.

*Subject to the condition of the land/lot.

Home Equity
-  APPLY FOR A HELOC NOW!
-  PRE-QUALIFY NOW!

After all the years of paying for your dream home, now it's time to let your home pay for your dreams. With a Home Equity Line of Credit from Credit Union of Georgia, you can get the money you need to take a vacation, make home improvements, or even pay for college tuition. Let our member service experts help you select the financing option that's right for you.

Benefits


• Adjustable rates
• Open-end line of credit
• Borrow up to 100% of home's value
• Convenient ways to access your money: by phone, at a branch, by check or through Internet Banking.
• Interest paid is usually tax-deductible*


Here is a list of items that may be required for a home equity loan closing:


• Current pay stub or last year’s W-2 statement. If self-employed, 2 years tax returns
• Warranty Deed (showing legal description)
• Payoff Statement, if refinancing from another financial institution (if applicable)
• Copy of home owners insurance
• Document showing current balance of mortgage
   
   
   * Consult your tax advisor regarding deductibility