CAFCU offers Mortgage options to fit your lifestyle:
Fixed-Rate Mortgages: With a fixed-rate mortgage from CAFCU, your interest rate won't change over the life of your mortgage, meaning your principal and interest payments will remain constant. If interest rates rise, you won't be affected.
Mortgage Refinancing: Refinancing a mortgage from another financial institution can possibly lower your monthly payments, allowing you to pay off your loan faster. Many people refinance to convert an adjustable-rate mortgage to a fixed-rate loan. When you refinance, you also have the option to use the equity in your home to consolidate debt or pay for education, vacations, home improvements, and much more.
First Time Home Buyer Mortgages: Are you looking to buy your first home? This program is designed to make homeownership more affordable for borrowers getting their first mortgage. With lower down payment requirements, mortgage insurance premiums and associated fees, this program can help you get into your first home without breaking the bank.
Fresh Start Mortgages: If a less-than-perfect credit score is blocking you from the dream of homeownership, our Fresh Start Mortgage can help. This loan is designed to help CAFCU members with credit challenges get the financing they need for a home purchase. CAFCU's Fresh Start Mortgage can also be used to refinance a high-rate mortgage at a lower rate with our affordable alternative financing options.
VA Mortgage Loans: Looking to buy a home with the benefits you've earned? We proudly offer VA loans for first mortgages, helping veterans, active-duty service members, and eligible spouses achieve homeownership with competitive rates and flexible terms. Let us guide you through the process with the respect and support you deserve.
FHA Mortgage Loans: Ready to buy a home with a low down payment? Looking to take advantage of the equity in your home? Our FHA mortgage loans make homeownership or refinancing more accessible with flexible credit requirements and affordable financing options. Whether you're a first-time buyer or looking for a new start, our FHA solutions are designed to meet your financial goals.
Not sure which mortgage option makes the most sense for you? Contact our Real Estate lending experts at 1-800-359-1939, option 2 or select Book Now.
