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Mortgage OptionsBuying a home is very exciting, but at times can seem overwhelming. Our welcoming Mortgage Specialists will personally help you plan, organize and decide on a home financing option that works best for you. We will take the time to explain what to expect every step of the way. And, we will be there for you from application to closing. Conventional Fixed Rate Mortgages Adjustable Rate Mortgages Investment and Rental Homes Financing Conventional Fixed Rate LoansNortheast Credit Union offers numerous options for term, interest rates and points. We have reduced down payment options available for qualified borrowers.
Adjustable Rate MortgagesWith an adjustable rate mortgage (ARM), you'll benefit from lower initial mortgage payments - than with a traditional 30-year fixed mortgage. Northeast Credit Union offers a variety of Adjustable Rate Mortgages.
HLPR Mortgage1 The Home Loan Payment Relief (HLPR) mortgage is designed to assist homebuyers in obtaining an affordable mortgage. A homebuyer can benefit from lower payments due to a discounted initial rate, no private mortgage insurance (PMI) required and reduced closing costs. This mortgage is a 3/1 adjustable rate, with a rate that is fixed for the first three years and then adjusts annually with annual adjustments capped at 1% and lifetime adjustment cap is 5%.
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Investment & Rental Homes Financing
Northeast Credit Union now offers mortgage financing for 1-4 family non-occupied properties. Eligible properties include: single family dwellings, multiple family dwellings with 1 to 4 units non-owner occupied. Loan amounts are up to $417,000 for single family, and $801,950 for multi-unit properties. Terms of up to 30 years at a fixed rate.
For complete details, please contact a Mortgage Specialist at 1-888-436-1847.
