Mortgage

Ready to buy, build or refinance?

NETCU is here to help!

 


 

Meet Our Team

Niki Carpenter
Mortgage Specialist
MLO #: 686271







Jennifer McEntire
Mortgage Processor
MLO #: 1063583








Available Mortgage Options:

 
Traditional | FHA | VA | USDA | Conventional | Home Equity
 

Which Mortgage is Right for Me?

 

Traditional Loans

Provides borrowers with multiple financing options to purchase, construct or remodel a home, to purchase a vacation or second home, or to purchase land only.
 
Loan Highlights
  • Fixed rates.
  • Down payments as low as 10% to 20%.
  • Loans serviced and approved by NETCU lenders.
  • Multiple terms available including –
  • 5 years fixed, 10 years fixed, 15 years fixed or 5 year balloon amortized up to 30 years.
  • Rates as low as 4.00% APR.
  • All credit scores considered.


FHA Loans

Mortgage financing insured by Federal Housing Administration, caters to borrowers with less-than-perfect credit or those looking for low down-payment options.
 
Loan Highlights
  • Down payment can come from a family member, or from a down payment assistance program.
  • 620 credit score or higher.
  • Very limited credit history is allowed.
  • Lower required down payment – as low as 3.5%.
  • Seller contributions up to 6%.
  • Loans serviced by a preferred mortgage partner.

VA Loans

VA loans provide home financing to service members, veterans, and eligible surviving spouses. The U.S. Department of Veterans Affairs provides a home loan guaranty benefit and other housing-related programs to help borrowers buy, build, repair, retain, or adapt a home.
 
Loan Highlights
  • 100% financing.
  • 620 credit score or higher.
  • Seller contributions up to 4%.
  • Significantly lower fees.
  • No down payment for eligible veterans.
  • Loans serviced by a preferred mortgage partner.


USDA Loans

Provides borrowers with low- and moderate-income households the opportunity to own adequate and safe dwellings as a primary residence in eligible rural areas.
 
Loan Highlights
  • 100 percent financing.
  • 6 percent seller concessions.
  • 640 credit score or higher.
  • Primary residence only. Must meet property & income eligibility.
  • Loans serviced by a preferred mortgage partner.

Conventional Loans

A conventional loan has no government guarantee like FHA and VA loans. These types of loans typically have fewer eligibility requirements and offer more interest rate and term options.
 
Loan Highlights
  • Fannie seller/servicer.
  • Up to 97% financing.
  • 620 credit score or above.
  • Fixed rate for 10, 15, 20 or 30 year term.
  • Down payment of 3% can come from a family member.
  • Products available for primary, secondary, and investment properties.
  • Property types available to 4-units and double-wide manufactured homes.
  • Loans serviced by a preferred mortgage partner.

Home Equity

Great way to use the equity in your home to pay for major expenses like medical bills, college tuition or remodels. Convert the equity in your home to cash.
 
Loan Highlights
  • Loans serviced and approved by NETCU lenders.
  • Fixed rates as low as 4.25% APR up to 15 years.
  • Closing costs as little as 3% of loan amount.
  • Up to 80% of appraised value.
  • All credit scores considered.