From conventional fixed-rate loans to government-backed products like FHA or VA loans, there’s a wide array of home loans available . We’re here to help you find the loan that’s the right-fit for your unique situation.
Conventional loans typically offer:
Government-backed loan options can be a great choice for buyers with
We have several great government loan options:
With a WPCU Construction Loan, you have the convenience of a one-time loan application, approval, processing and closing, saving time and money. Pay interest only while your home is being built – an affordable way to build the home of your dreams.
This mortgage product offers eligible buyers the chance to purchase a home with no down payment and no private mortgage insurance.
While there are specific credit and debt-to-income requirements, this program can help you buy a home sooner without the upfront costs.
Designed to address the challenges doctors and dentists might face when applying for a loan, it offers high loan limits with no- or low-down payment, no Private Mortgage Insurance (PMI), flexible guidelines pertaining to student loan debt, and more.
Talk to a WPCU mortgage specialist in your area to learn more about all our home loan options.
There are two basic types of mortgage loans when it comes to interest rate structure: fixed-rate loans and adjustable-rate loans. Here’s a quick rundown on how they work.
Fixed-Rate Mortgages – Predictable Payments
With a fixed rate, your interest and monthly payments remain the same throughout the life of the loan, making it easy to budget.
Fixed-rate mortgages may be a good choice if you:
Adjustable-Rate Mortgages (ARM) – Lower Initial Rate
An ARM loan offers a lower initial interest rate, which could mean lower payments for the first few years. However, after that, your rate adjusts periodically, and your payment could go up or down.
An Adjustable Rate Mortgage may be a good choice if you:
Make sure you fully understand the terms of your ARM to avoid surprises down the road.
Refinancing can be a great option if you’re able to lower your current interest rate or if the value of your home has increased. Refinancing your mortgage loan can:
Refinancing can be one of the smartest financial decisions you’ll ever make. But to do it right calls for a complete understanding of current rates and your financial situation.
Talk to one OF our mortgage experts