![]() ![]() We’ll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment. Auto Credit Cards Personal Motorcycle Recreational Vehicle Overdraft Share Secured. Appraisal fee up to 900 may apply, fee is refundable at closing. 5 Cash out or refinance: If loan closed within 3 years, closing costs ranging from 485 to 1590 will be owed. If you own any real estate, we’ll have some basic questions including, address, current market value, the amount you owe, the rental income you receive (if any), and what your monthly payment is. 4 For loan amounts greater than 150,000, maximum combined LTV (loan-to-value) cannot exceed 75.Bank and brokerage account information, including the institution name and current balances.The address of the property you are planning to purchase. All Mid Carolina Credit Union land loans offer: Low, fixed rates.The price of the home you are buying, and how much you’d like to borrow toward the purchase.You’ll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income. (Employer(s) name, address and phone number.) Your employment history for the past two years.Social security numbers for all borrowers Federally Insured by NCUA Routing Number 321175481 Equal Housing Opportunity Logo Equal Housing.Your current addresses for the past two years.7777 for complete details and to apply for the program. Other restrictions may apply, please call (877) 695-2732, ext. The lender then finances the rest of the purchase. You will need to make a down payment, typically between 3 and 20 of the home’s appraised value, along with closing costs and other fees. All loans are subject to credit approval and applicable LAPFCU policies. A home loan, or a mortgage, enables you to purchase a home without having to pay for all of it in cash when purchasing. All advertised rates and terms are subject to change at any time without notice. Payment example does not include closing fees, taxes, insurance, loan level pricing adjustments or third-party vendor fees. 40-year fixed rate term payment example (rate effective December 1, 2023): A $500,000 loan with no down payment would have a fixed rate of 8.750% / 8.848% APR would have 480 monthly payments of $3,760.85. 30-year fixed rate term payment example (rate effective December 1, 2023): A $500,000 loan with no down payment would have a fixed rate of 8.750% / 8.860% APR would have 360 monthly payments of $3,933.50. Program subject to change or cancellation at any time. All loans are subject to credit approval and applicable LAPFCU policies. May not be combined with any other offer. Maximum loan amount based on conforming high balance loan limits (currently $970,800). You have up to 6 months to close on a property before the application fee is forfeited. Third parties are solely responsible for their web sites, products and services. In some cases, if allowed by law, SAFE Credit Union may receive compensation from third parties whose products or services you purchase. There is a $250 application fee for this program that will be credited back at closing however, if the transaction does not close, the $250 will not be refunded. For home loan sales assistance please call (916) 971-2599 or schedule an appointment. Cannot be a homeowner within the past 24 months. If you have six months of mortgage payments in your savings, proof of rental history will be waived. Requires an LAPFCU checking account and automatic payments, an impound/escrow account for taxes and insurance, completion of first-time homebuyer course at /education, minimum FICO of 700, maximum debt-to-income ratio of 45%, 30 or 40-year fixed rate term only, first lien position, and three months of payment reserves. Property must be: (1) located in California, (2) owner-occupied primary residence and (3) a single-family residence, condo, and planned unit development. ![]() *The Heroes Home Loan program is valid only for first-time homebuyers who are active-duty sworn and civilian law enforcement personnel. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |