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Real Estate Loans

There are many benefits of using Credit Union of Georgia to finance your next home!
    • Lower Closing Costs than Banks and Other Mortgage Companies
    • Exemption from Paying Georgia Intangible Tax on Conventional Mortgage Loans
    • Discounted Private Mortgage Insurance
    • Our Loan Officers are not paid on commission, so we are looking out for your best interest, every time.
And with our experience in the Mortgage Industry, you can expect:
    • Competitive Rates
    • No Application Fee
    • No Pre-Payment Penalties
    • Fast, FREE online application process
    • Same Day Approvals
    • Closings available at Credit Union of Georgia Branch Location of your choice.
    • As a Credit Union of Georgia member, our closing attorney will review your offer to purchase contract at no charge for your added protection and peace of mind.
Mortgage Options Include:

Conventional Mortgage Loans
Conventional Mortgage Loans offer Fixed and Adjustable rates for loan amounts up to $417,000. We also offer loans over $417,000, please call 770-579-1000 for rates and details.
 
Second Home Mortgages
For those soon to retire or seeking a vacation home, Second Home Mortgages offer the same low rates as primary residence loans with a 20% down payment.  Fixed rates are also available on Second Home Mortgages.

Investment Property
Investment Properties including Single-Family Homes, Duplexes, and Quadraplexes can be financed as Investment Property Mortgages. When purchasing an Investment Property, a 20% down payment is required.  When refinancing an existing Investment Property, up to 80% of the home's appraised value may be borrowed.  Cash out is not available on Investment Property Mortgages.

Interest-Only Loans
Interest-Only Loans are available with either Fixed Rate or Adjustable Rate Terms.  No principal is due for the first 10 years of the loan, offering lower monthly payments.

Home Equity Loans
With a Home Equity Loan, you can receive a low rate for the purchase of an automobile, credit card consolidation, home improvements, or to go the vacation of your dreams.

Home Equity Lines of Credit (HELOC)
With a HELOC, you can borrow up to 100% of the equity in your home with low, convenient payments.  Plus you can use the funds only when you need them and with a FREE Elite Visa Debit Card, you can access your Line of Credit anytime, anywhere.

The following items may be required for a Home Equity Loan / Line of Credit Closing:
    • Current Pay Stub or Last Year's W2 Statement - If self-employed, 2 Years Tax Returns
    • Mortgage Statement Showing Current Balance Owed
    • Payoff Statement (If Applicable)
    • Proof of Homeowner's Insurance
    • Warranty Deed
Do you dream of owning your own home? We can help you make that dream come true. Through our partnership with Independent Mortgage Associates, we offer a range of mortgage loans.

To apply for a Mortgage, just CLICK HERE to complete our easy online application. Once your application is completed, you will be contacted by one of Mortgage Representatives in 48 hours or less.