Mortgage :: 1st Community Credit Union

Buying, building, remodeling or refinancing...We're ready when you are!

Your home could be one of the biggest investments you make, and finding the right Home Loan can make all the difference.

1st Community Credit Union's Mortgage Experts are here to help you achieve your dream of home ownership. Contact us with your questions about Real Estate loan options, down payments, mortgage terms, current rates and more! We're happy to answer your questions and provide a free no-obligation financial review and pre-qualification. Simply give us a call at 888-706-1228, or apply online today.

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Fixed Rate Conventional Mortgage Loans
$0-Down Payment VA Loans & USDA-Rural Development Loans
Construction Loans
Home Equity Line of Credit
Lot and Land Loans
Second Mortgage Loans
1st-Time Homebuyer Program
Mobile Home Loans
Refinancing of Existing Home Loans
Competitive Rates
Knowledgeable Mortgage Experts
Low Closing Costs All Year Round

We want to be your lending team - let us help you get moving to your dream home!

Tips For The Mortgage Process

1st Mortgage Loans

Whatever stage of life, 1st CCU has a home loan to fit your needs, from a vacation cabin to a retirement home.

Fixed Rate Mortgages - 10 Year, 15 Year, 20 Year, 30 Year
Very competitive rates
Low closing costs
Personalized assistance from application to final closing
Free pre-qualification - your 1st step in the home buying process to find out how much mortgage you qualify for

$0-Down Payment Options: VA Loans and USDA-Rural Development Loans

Peace of mind, low closing costs, and flexible payment options. Find out if a $0-Down Payment loan option is right for you!

The VA Loan and USDA-Rural Development Loan programs require no down payment, they are backed by the government, and they have high-mortgage-qualifying flexibility. The two programs have some similarities and also some specific differences. Compare the programs, then speak with a 1st CCU Mortgage Loan Officer for more details and to find out if you qualify.

VA Loan

A Veteran's Assistance (VA) Loan is available to veterans, service members and select military spouses
Issued by private lenders and guaranteed by the US Department of Veterans Affairs
VA funding fee varies based on the nature of your service and whether you've used the VA program to purchase a home before
Minimum Credit Score of 620 required
15 year and 30 year Fixed Rate financing available
100% financing available (dependent upon Certificate of Eligibility - contact 1st CCU for assistance in obtaining)
0% Down Payment
50% Maximum Debt-to-Income Ratio
Seller may contribute up to 4% toward buyer's cost
For owner-occupied housing only (2-4 family buildings acceptable)
Mortgage Insurance: Funding Fee 2.15% (Rolled into loan and paid directly to the Dept of Veterans Affairs; some individuals may be exempt from this fee)
Additional restrictions may apply; see lender for qualifications and restrictions

USDA-Rural Development Loans

A USDA Rural Development Home Loan is offered by the US Department of Agriculture to home buyers in less densely populated areas of the country (properties must be eligible per USDA)
Eligibility is determined by home location, income level, and other requirements
Minimum Credit Score of 640 required
30 year Fixed Rate financing
100% financing available (dependent upon eligibility)
0% Down Payment
41% Maximum Debt-to-Income Ratio
Seller may contribute up to 6% toward Buyer's cost
For owner-occupied housing only
Subject to income limitations
Subject to home location limitations (not all counties in Wisconsin are eligible for Rural Development Housing Assistance)
Annual Fee
Additional restrictions may apply; see lender for qualifications and restrictions
Mortgage Insurance: Up-front Guarantee Fee 1% (rolled into loan) and Monthly Mortgage Insurance .35% (Any type of mortgage insurance that is paid monthly is a loan requirement; borrowers must still have homeowners insurance)

Construction Loans

Ready to dig? Then dream BIG! You've got the plans, and we've got the great rates. Building your dream home can be easy and affordable!

Great low rate
Low fees*
Flexible down payment options available
Convenient 11-month term
Fast approval
Up to 6 easy draws to fit your needs
No private mortgage insurance needed
Easily converted to Fixed Rate Mortgage once the construction is complete

* Additional closing costs may apply. No prepayment penalty. Contact a loan officer for full details. If you are purchasing a semi-developed lot or raw land you may be asked to provide one or more of the following for your loan file: soil and site evaluation, septic design and sanitary permit, zoning information, building permit (if applicable), driveway permit (if applicable), well permit (if applicable).

HELOC

Being a homeowner has its advantages! Your home's equity can be an easy, low-cost source of funds for large expenses, allowing you freedom and flexibility. Borrow what you need when you need it, and use the funds for whatever you desire...the possibilities are almost endless!

Secured by the equity in your home (maximum limits apply)
Competitive rates and fees
Fees can be added to the loan
Access as easy as writing a check
You only pay interest on the amount you use
No prepayment penalty
Use the funds for just about anything: Home improvements, repairs, debt consolidation, buying a new auto or recreational vehicle, taking a dream vacation, landscaping, pool, starting a business and more!
Contact 1st CCU for details, qualifications, and requirements

Lot and Land Loans

It's all about location, location, location! You've found the perfect spot, now see 1st Community Credit Union for the financing to secure it for your future plans. Build your dream home from the ground up:

Competitive rates and low fees
No acreage limitations
Fast approval
No private mortgage insurance needed
See our Mortgage Experts for full details

Second Mortgages

A Second Mortgage loan gives you the freedom and flexibility to access your home's equity for making improvements, making major purchases, and more.

Fixed Rate Loan
Secured by the equity in your home (maximum limits apply)
Competitive rates and fees
Fees can be added to the loan
No prepayment penalty
Use the funds for just about anything: Home improvements, repairs, debt consolidation, buying a new auto or recreational vehicle, taking a dream vacation, landscaping, pool, starting a business and more!
Contact 1st CCU for details, qualifications and requirements

Refinance Options

If you're paying a high rate on your current mortgage at another financial institution, meet with a 1st CCU Mortgage Expert to discuss refinancing your loan with 1st CCU! We may be able to beat your current rate and lower your monthly payment or help pay off your home faster, saving you money over the life of your loan. Our lending professionals are available for a free financial review.

1st-Time Homeowners

Buying your 1st home isn't just a transaction, it's an exciting milestone in your life! Our Mortgage Experts will guide you through the process step-by-step from application to final closing, answering your questions and explaining your options along the way.

Husqvarna self-propelled push lawnmower

Low, affordable rates
$0-Down Payment options available
Low closing costs
Friendly, local lending experts
Flexible terms
Free pre-qualification
AND...a FREE LAWNMOWER to 1st-Time Home Buyers at closing!*

It's a great time to buy your 1st home! APPLY NOW

* Depending on inventory, actual lawnmower you receive may not be the exact model pictured here, but will be of equal or greater value.

Mobile Home Loans

1st Community Credit Union can assist you in financing an affordable alternative to home ownership with a Mobile Home loan.

New or Used
Single-wide or Double-wide
Affordable fixed rates
Down payment required

Rates, terms and conditions subject to change and may vary based on creditworthiness, conditions and qualifications. All loans subject to credit approval. Membership eligibility and some restrictions apply. In the case of $0-down payment programs, loans are also subject to program qualifications. See a lender for details. NMLS 411004. Property insurance required on some loans.

Barb Burnham, Mortgage Lender NMLS 479185