Real Estate Loans
At Community West Credit Union, we’re committed to helping you secure the real estate loans you need to purchase your dream home or refinance your current property. In addition to fixed-rate mortgages, CWCU acts as a refinancing lender, offering home equity and mortgage retirement loans, as well as construction loans. See each loan type for current interest rates.
Fixed Rate Mortgage
Before the home-buying or -building process, you can compare fixed-rate mortgages with varying terms and great rate options. If you’re a first-time homebuyer, we also offer a loan for you! To keep your payment steady, CWCU lets you determine the length of the loan term, from 10 to 30 years. Low down payment options help you purchase a home sooner, while shorter loan terms allow you to build equity faster.
Home Equity Loan
Whether you’re looking to fund a home improvement project or need to free up your cash flow for medical bills or other significant expenses, a home equity loan or home equity line of credit can help. These types of loans use the equity of your home – determined by appreciation and previous payments – as collateral. In turn, you’ll receive a way to access cash quickly to use for consolidating debt or paying major expenses. With our home equity loan you have a set repayment plan with one payout while with the home equity line of credit you can borrow as you need!
Mortgage Retirement Loan
If you’re getting close to retirement but still owe on your current mortgage, a mortgage retirement loan from CWCU can help you achieve financial freedom in 10 years or less. These low-rate loans are held in-house and never sold to a big servicer. There are no age requirements to apply, and the loans feature a 10-year maximum term.
Are you ready to apply for a Community West Credit Union personal loan? Do you need more information about certain types of mortgages? Ready to apply online? Call our Mortgage Department at 616-261-5657 ext. 155 to learn more, or stop into your nearest branch.