A loan in which the interest rate on the note remains the same for the entire term of the loan, typically for 15 to 30 years. Unlike loans where the interest rate may change periodically, your principle and interest payment will not fluctuate with a fixed rate loan. However, the escrowed portion of the payment may change due to changes in taxes and homeowners insurance rates.

15-Year Mortgages
We service fixed rate mortgages for up to 15 years in house at the credit union. You may borrow up to 80% of the appraised value or 95% of the appraised value with Private Mortgage Insurance (PMI). Sometimes homes are purchased for under the appraised value. In this instance, if the purchase price is 80% or less of the appraised value you may borrow up to 100% of the purchase amount. If you are interested in this type of loan contact us today!

30-Year Mortgages
Mortgage loans that exceed 15 years are processed by our partners at SWBC Mortgages. Visit their website for more terms and to apply. 

Make your home your dream home or just pay for some repairs around the house. You could even pay for college, vacations, or even pay for a wedding! Use the money for anything you want. You can borrow up to 80% of the equity in your home. You'll enjoy competitive rates and flexible terms. The interest may even be tax deductible (consult your tax advisor)!

If you're looking for a Home Equity loan contact us today!

Texas counties: Hutchinson, Carson, Gray, Hansford, Moore, Ochiltree, Potter, and/or Randall only, please.

A mortgage loan insured by the Federal Housing Administration which provides a variety of benefits for buyers, especially first-time buyers, those without large down payments or using gifts for down payments and closing costs, or those with credit challenges. Options typically include 15 and 30-year fixed rate loans or a 3/1 Adjustable Rate Mortgage.

FHA Loans are processed by our partners at SWBC Mortgages. Visit their website for terms and to apply.

A mortgage loan guaranteed by the U.S. Department of Veterans Affairs that makes it possible for eligible veterans and active-duty military personnel to finance 100% of a home's purchase price with $0 money down and without having to pay Private Mortgage Insurance. In a refinance, veterans may borrow up to 90% of reasonable value, where allowed by state laws.

The VA program offers 30-year fixed rate, assumable loans, and the program allows the seller to pay up to 4% of the buyer's closing costs, including pre-paids such as property taxes, insurance, and homeowner association dues.

VA Loans are processed by our partners at SWBC Mortgages. Visit their website for terms and to apply.

A loan in which the interest rate on the note is periodically adjusted resulting in monthly principle and interest payments that also adjust.

The interest rate for the loan is often based upon a market index, and payments may become either higher or lower based upon market conditions affecting the index at the time of the change. These interest rate changes are often 'capped' to limit adjustments both periodically and over the life of the loan.

Adjustable Rate Mortgages are processed by our partners at SWBC Mortgages. Visit their website for terms and to apply.

A jumbo loan may be called for when you need a loan amount higher than the conventional conforming loan limits set by Fannie Mae and Freddie Mac.

Jumbo Loans are processed by our partners at SWBC Mortgages. Visit their website for terms and to apply.