Mortgages
Our experienced lending team is here to help you find the best mortgage for your needs and budget with our competitive Mortgage Rates, low closing costs and a variety of mortgage programs.
Click here to apply now for a mortgage online! You now have 24/7 access to mortgage information, rates, and online approvals with Westerra—the people you can trust for mortgages.
How much home can you afford? Use our Mortgage Pre-Qualification Calculator to estimate what you can afford.
› Click Here To Find Your Current Home Value
WHY OBTAIN A MORTGAGE FROM WESTERRA CREDIT UNION?
Flexibility - You’ll find a wide variety of mortgage loan options designed specifically to your needs, at rates you can afford.
Convenience - We can set up your loan to be paid each month from your credit union account. You don't have to keep track of loan coupons, postage or worry about getting your loan paid on time each month.
When you have questions, we’ll always be here to help.
Home Buying Service - You’ll receive a 25% cash rebate on your real estate fees! One stop shopping for your home and mortgage loan! Our highly qualified and experienced real estate agents make buying or selling a home fast and easy.
› Click Here To Learn More About Our Home Buying Service
TYPES OF MORTGAGE LOANS:
- Fixed Rate Loans offer a predictable interest rate that will not change over the years and a steady monthly decrease in your balance.
- Balloon Mortgages have rates lower than 30 year rates, but the remaining principal (the balloon) becomes due at a designated time, generally 7 years.
- Adjustable Rate Mortgages (ARMs) typically have lower rates than fixed rate mortgages. ARMs allow borrowers to qualify for a larger loan with lower initial payments.
WESTERRA CREDIT UNION ALSO OFFERS THE FOLLOWING TYPES OF SPECIAL MORTGAGE PROGRAMS:
- Low or no down payment options
- Bridge loans for purchasing a new home before an existing home has sold
- Jumbo mortgages for loan amounts higher than conventional guidelines
- Special homebuyer programs such as:
- First time home buyers (loans up to $417,000)
- Advantage 500
› Apply For Mortgage Loan Here
› Current Mortgage Loan Rates
› Click Here To Access My On-line Mortgage Account *Note: This is a new website. All users will need to re-register their username and password once they reach the site.
YOU HAVE QUESTIONS, WE HAVE ANSWERS!
› How much house do I qualify for?
› How much house does a given monthly payment buy?
› What's the monthly payment?
› Will refinancing save money?
› Compare monthly and biweekly payments
› Back to Top
REVERSE MORTGAGE LOANS
Your equity could help you with retirement! Find out how you can receive monthly payments from your mortgage. This is a great money management tool if you would like to tap into the equity in your home without making any monthly payments. One of our knowledgeable mortgage loan officers will be happy to provide you with all the details.
HOME EQUITY LOANS
Do you have a project or one-time expense? Get the cash you need quickly and the interest may be tax-deductible *. Our Home Equity Loans offer:
- Low fixed interest rates**
- Flexible terms
- Loan amounts up to $200,000
› Apply For Home Equity Loan or Line of Credit Here
› Current Home Equity Loan Rates
› Back to Top
HOME EQUITY LINES OF CREDIT
Home equity lines of credit are easy and economical, and allow you to put the money you’ve invested in your home to work for you. Plus the interest may be tax-deductible *
Jumbo Equity
- Up to $500,000
- Low closing costs
- Variable interest rate as low as Prime plus 0% APR**
Equity Express
- Borrow up to $25,000 or 80% loan-to-value
- Low closing costs
- Variable interest rate as low as Prime plus 0% APR**
Generous Equity
- Borrow up to 100% loan-to-value
- Low closing costs
- Variable interest rate
- No appraisal fee (restrictions apply)
*Please consult your tax advisor.
** Rates are tied to Prime Rate as published in the Wall Street Journal.
Rates based on credit history and are subject to change.
Rates valid for owner-occupied properties. .50% will be added to Prime Rate for non-owner occupied properties. All out-of-state loans and non-owner properties have full closing costs.
