Lowland Credit Union offers first mortgage loans for the purchase of a primary residence, secondary residence or rental dwellings up to 4 units. Five-year fixed rate mortgages or 30 year amortized loans with a five-year balloon are available and kept in-house. Ten-year to 30 year fixed or adjustable rate mortgages are available through a mortgage company with option to have your payment deducted from your credit union account. Out 5-year ARM payment is amortized up to 30 years. The index is five years. Note: the Treasury change period is every five years. In-house mortgages can usually be closed in less than three weeks and with closing costs usually between $750-$1,000. Brokered mortgages usually take a little longer and closing costs are competitive with other mortgage companies in the local market. Contact us today for your application package. Confused? Call our loan coordinator today!
Lowland Credit Union is an equal housing lender and will conduct business in accordance with the Federal Fair Housing Act. The credit union will not discriminate against any member on the basis of race, color, sex, religion, or national origin regarding loans for the purpose of purchasing, construction, moving, repairing or maintaining a dwelling. The credit union will comply with all other federal and state laws and regulations.
