Mortgages
Last updated July 29, 2024
Mountain America Credit Union offers a variety of mortgage loan options to help you achieve your homeownership dreams. Whether you're a first-time buyer, looking to refinance, or seeking a construction loan, we have a mortgage solution tailored to your needs.
Mortgage Options
Here are some of our popular mortgage loan options:
- Fixed-Rate Mortgages: Enjoy predictable monthly payments with a fixed interest rate, offering stability throughout the life of your loan.
- Adjustable-Rate Mortgages (ARMs): Benefit from potentially lower initial interest rates that can adjust over time, making it a good option for those seeking a lower starting payment.
- Construction Loans: Finance the construction of your new dream home with our construction loans, offering flexibility and support throughout the building process.
- Refinance Mortgages: Lower your monthly payments, shorten your loan term, or switch to a fixed interest rate with a refinance mortgage.
Getting Started with a Mortgage
Ready to embark on your homeownership journey? Here's how to get started with Mountain America's mortgage program:
1. **Get Pre-Approved:** Understanding your loan eligibility and potential borrowing power is crucial. Our online pre-approval tool allows you to quickly assess your loan eligibility and receive a pre-approval letter.
2. **Find Your Dream Home:** Explore the housing market, browse properties, and find the home that fits your lifestyle and budget.
3. **Gather Required Documentation:** Be prepared to provide necessary documentation, including:
4. **Submit Your Mortgage Application:** Complete the mortgage application process online or visit one of our branches to begin your application.
5. **Mortgage Processing:** Our mortgage specialists will review your application and work to secure the best loan terms and rates for your situation.
6. **Closing:** Once your loan is approved, you'll attend a closing meeting to finalize the paperwork and receive the keys to your new home.
Contact Us
For additional information, questions about our mortgage options, or to discuss your mortgage financing needs, contact Mountain America Credit Union at 1-800-724-6228 or visit our website for more details.