Helping professionals make a house their home
Introduction
You've worked hard to get where you are today, and you deserve a credit union that works just as hard to help you make your mortgage dreams a reality.
Check out our Professional's Mortgage Program:
- 100% of the purchase price or appraised value, whichever is lower
- Valid for purchases only
- No money down
- 10y/6m ARM
- Single-family only
- Owner occupied
- No PMI
- Escrow required
- Minimum term 10 years
- Maximum term 30 years
- No Points
Valid for the following eligible borrowers employed in these professions:
- Medical Residents
- New or Established Physicians
- Registered Nurses
- Full-Time Professors, Assistant Professors, Academic/Program Directors, and Assistant or Head Coaches at Colleges or Universities
- Veterinarians
- Dentists
- Attorneys
Features
Loan Amount
Minimum loan amount: $25,000
Maximum loan amount: $1,000,000
Escrow Account
Escrow required.
Homeowners’ insurance is required to be escrowed.
Flood insurance required in escrow if property is in a flood zone.
Payment Options
Monthly
Interest Rate Change
Rate remains the same for the first ten years, then adjusts once every six months.
Rate will not adjust below 3.00% APR and will not increase more than 5.00% APR above initial rate at closing.
Proof of home owner's insurance is required.
Mortgage Calculators
Mortgages Articles
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Making Sense of Mortgages
Making Sense of Mortgages Closing costs, PMI, ARM, escrow…figuring out what makes up your mortgage can be complicated. With so many factors to consider, how do you make sense of it all? Well, you can start by breaking down some of the most common terms and considerations you'll…
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Yes, You Should Probably Get a Home Inspection
Yes, You Should Probably Get a Home Inspection Look at that – I answered your Google search right up front. And I mean it: a home inspection is a valuable part of the home buying process, even if it's not always a requirement to get a mortgage. Here's why. If these walls could…
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Mortgages and Your Credit
When it comes to mortgages and your credit, there are a few main considerations. How Does My Credit Score Affect My Mortgage? It's no surprise that your credit score matters when buying a home and applying for a mortgage. The rule of thumb is if you have a higher credit score,…
