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Home Loans

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Purchase

Buying a home has never been easier. We've streamlined and updated the entire mortgage process for you.


Purchase Information >

Refinance

Refinancing can be a helpful tool for home improvement, debt consolidation or simply lowering your monthly payment.

Refinance Information >

Home Equity

Put your home's equity to work with great rates and flexible terms using a home equity loan or line of credit.


Home Equity Information >

Choose a Consumers Mortgage that's right for you.

A great rate does not always make a great loan. You want it on your terms, and with payments you can afford. The good news is we have a variety of options to choose from.

Mortgage options to meet all your needs.

When it comes to mortgage loans, one size does definitely NOT fit all. As the people in your corner, we offer choices like:

  • Fixed & Adjustable Rates
  • Fixed Rate Home Equity Loans
  • Adjustable Rate Home Equity Line of Credits
  • Down payment options as low as 3%
  • Jumbo loans up to $4,000,000

*APR=Annual Percentage Rate. Your home loan is eligible for our “Buy Now, Refi Later” program if you closed a conventional (not government insured or guaranteed), first mortgage purchase-money home loan with CCU between June 1, 2023, and March 31, 2024, and the loan amount was not greater than the subject property’s conforming loan limit. To be eligible for a reduced fee refinance under this program, you must meet CCU’s eligibility requirements at the time of refinance, including but not limited to, minimum loan amount, minimum credit score, debt-to-income ratio, loan-to-value ratio, satisfactory mortgage payment history, and all other applicable mortgage guidelines. This is not a commitment to lend. Members must initiate the request for a reduced-fee refinance within 36 months of the CCU purchase money loans’ note date. Requests initiated after 36 months from the CCU purchase money note date will not be honored.  To initiate the request, one borrower from the purchase money CCU loan must ask a CCU Mortgage Loan Officer to start their reduced-fee refinance application. The request may be made verbally or in writing. This offer may only be used one time per property. The same person(s) who signed the loan documents for the original home loan must sign the refinance loan documents. CCU will cover lender administration fees and the following third-party fees, not to exceed $3500 in aggregate: appraisal, credit report, flood certificate, title insurance, settlement services, recording fee, notary fee. CCU will not cover discount points which can be used to buy down the interest rate, funds needed to set up an escrow account, prepaid interest, state or local taxes required to refinance, and accrued interest on the current mortgage.  Primary residence transactions only. Second homes and investment properties are ineligible. Rate and term refinances only. Cash-out refinances are not eligible. The CCU home loan used to purchase the property must be paid as agreed for a minimum of six months before the reduced fee refinance may close. The refinance must result in a tangible net benefit, including but not limited to a lower interest rate or lower monthly principal and interest payment. The LTV on the reduced-fee refinance must not exceed the LTV on the purchase transaction. The LTV will be calculated from the appraised value at the time of the refinance. If the CCU purchase money home loan has been refinanced with another financial institution, this offer is void. This offer is only available for properties located in Arizona, Florida, Georgia, Illinois, Indiana, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Wisconsin.

 

HOME MORTGAGE DISCLOSURE ACT NOTICE

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of this data, send a written request to 300 N Field Dr, Lake Forest, IL 60045. Attn: Manager of Mortgage Operations.

Consumers Mortgages NMLS#692733