Phone: (706) 613-1644    Fast Track: (706) 613-5090

Do you dream of owning your own home? We can help you make that dream come true.

Through our mortgage loan business partner, Credit Union Financial Services, we offer a range of conventional first-mortgage loans.

To apply for a First Mortgage, just go to Credit Union Financial Services.

If you need a shorter term than the traditional mortgage loan, we offer a 5-year or 7-year mortgage loan.  These loans are processed and handled in-house. There are no closing costs*.

Guidelines

  • The Credit Union offers a 5 Year or 7 Year fixed rate loan
  • Loan amount will be determined by using 80% of the current appraisal of the subject property.
  • Obtain credit report.
  • Obtain Flood Certification.
  • Obtain Title Insurance or Attorney Certificate of Title.
  • No Escrow – Member will pay property taxes, homeowners insurance and any homeowners’ association fee.
  • Closing will be paid by the credit union. *If member refinances during the life of the loan, the member must pay closing costs associated with refinancing.  *If member pays loan off within the first 18 months, the closing costs must be reimbursed to the credit union.
  • No transfer of service document to be signed by borrowers at closing.
  • Escrow waiver document to be signed by borrowers at closing.
  • Third party Fee Reimbursement to be signed at closing.
  • Only applicants with ‘A’ or ‘B’ credit score will be approved.
  • Debt to Income ratio must adhere to current mortgage qualifications.
  • The waiting period to apply for a conventional mortgage loan is seven (7) years from the discharge date of a Chapter 7, and four (4) years from discharge date of a Chapter 13.
Current Rates Rate
5 year 3.50% APR
7 year 3.75% APR

 

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