Home Loan Options

We are proud to offer our members customizable loan options to fit your different needs and times of life.

TRADITIONAL FIRST MORTGAGE

Whether it's your first or fourth purchase or refinancing your conventional mortgage — our team promises:

  • An easy application process (we'll give you a convenient checklist of required documents and fill out the application for you!)
  • No application fee with a 1% origination fee
  • Expert assistance

Contact one of our mortgage loan specialists and start the process today.

 

PREMIER HOME EQUITY LINE OF CREDIT (HELOC)

 

Our Home Equity Line of Credit (HELOC) program is easy-to-use and allows you to tap into your home's equity as you need it.

  • Perfect to access cash for home remodel projects, vacations, college expenses and more
  • Lines of $5,000 to $50,000 (not to exceed 80% of appraised value in total loans)
  • Borrow what you need, as you need it, over 10 years at a variable rate as low as Prime (3.99% Floor Rate)
  • Charge expenses to your Home Equity Visa Gold card, take a cash advance against the Visa, or transfer funds by phone from you HELOC to checking
  • Monthly payments calculated on 1.5% of existing balance ($100 minimum). Pay interest only on what you borrow. Use it for 10 years and take 10 more years to repay

 

 

Get a one-time home equity loan for debt consolidation, home improvements, starting a small business and more ...

  • Borrow $5,000 to $100,000 (not to exceed 80% of appraised value in total loans)
  • Get a fixed rate (often lower than a credit card or signature loan)
  • Monthly payments that work with your timelines and budget

 

 

 

 


Home Equity Loan:  *APR = Annual Percentage Rate.  4.75% APR effective as of 4-1-2016 and is subject to change.  No manufactured homes or condos.  Loan payment based on term.  Member must provide hazard insurance coverage.  ** Minimum balance of $15,000 required for free appraisal.  A fee recoupment will be collected if you payoff and close the loan within the first 36 months if there were out-of-pocket costs paid by C1CU.  All loans subject to credit approval and other underwriting criteria.  NMLS #403439


Home Equity Line of Credit:  *APR = Annual Percentage Rate.  3.99% APR is floor rate on our 80% combined loan to value Home Equity Line of Credit.  Variable rate on Premier Equity Line of Credit may change monthly and is based on Prime Rate published in the Wall Street Journal with added margin of 0% - 4% based on your credit history.  In no event will the regular APR be less than 3.99% floor or more than the lesser of 18% per annum or the maximum rate allowed by applicable law.  Payments calculated on 1.5% of existing balance ($100 min).  **Minimum opening balance of $15,000 required for free appraisal.  A fee recoupment will be collected if you payoff and close the loan within the first 36 months if there were out-of-pocket costs paid by C1CU.  All loans subject to credit approval and other underwriting criteria.  NMLS #403439


Simple Mortgage:  *APR = Annual Percentage Rate.  APR effective as of 04/01/2016 and is subject to change.  Financing available on all owner-occupied homes in WA State, not currently financed at C1CU.  No manufactured homes or condos.  Borrow up to 70% of appraised value not to exceed $150,000.  Minimum loan amount is $30,000.  Only first liens are eligible.  Loan payment based on term.  Member must provide hazard insurance coverage. **If the mortgage is closed within the first 36 months, all third party costs will be due at payoff.  Full appraisal cost, if required and mutually agreed upon, are not included.  Member pays taxes and insurance.  All loans are subject to credit approval and other underwriting criteria. NMLS #403439