Fixed-Rate Mortgage

Choose stability and predictability with our fixed-rate mortgage.

Lock in your interest rate and enjoy consistent monthly payments, ensuring peace of mind throughout the life of your home loan. We offer a range of term lengths, allowing you to tailor your mortgage to fit your financial journey. Our mortgage experts will help you through the term options to best fit your goals.

Adjustable-Rate (ARM) Mortgage 

Explore the flexibility of our adjustable-rate mortgage (ARM). With an ARM, the initial interest rate is fixed for a set number of years. After that period is over, the interest rate may adjust up or down, reflecting the ebb and flow of the market. The benefit? A lower initial rate that translates to reduced payments in the early years, providing flexibility for future plans, whether you’re considering reselling or anticipating a rise in income.

At Corda Credit Union, our variety of ARM terms ensures that you can find the perfect fit for your evolving life story.

Step into homeownership with confidence and ease with Corda Credit Union’s 100% financing option.

Designed for dreamers and doers who are ready to start their homeownership journey, but may not have the initial funds for a down payment. This options opens the door to your future home, without the upfront financial burden.

Our approach typically involves two mortgage loans: a fixed-rate mortgage for 80% of your home’s value and a second mortgage to cover the remaining 20%. This arrangement ensures that you’re fully financed from the start and eliminates the need for Private Mortgage Insurance (PMI).

FHA loans are popular among first time home buyers because they allow for lower down payments.

Even if your financial history has had its ups and downs, FHA loans are designed with understanding and flexibility at their core, acknowledging that everyone’s path to financial stability is unique.

While these loans do involve an upfront mortgage insurance premium, along with an annual premium integrated into your monthly payments, they represent a realistic and supportive option for those looking to start a new chapter of homeownership.

Corda Credit Union partners with the U.S. Department of Veterans Affairs to assist service members, veterans, and eligible surviving spouses in becoming homeowners.

VA home loans have competitive interest rates. They also may not require a down payment or Private Mortgage Insurance (PMI).

If you’re currently serving, or you’re a veteran, a VA home loan is designed to honor your service with more favorable terms. We invite you to discuss this option with us. Your service deserves recognition and support, and at Corda Credit Union, we’re committed to providing just that.

The following items are typically required during the home loan process:

• Your Social Security number
• Current pay stubs, or if self-employed, your tax returns for the past two years
• Bank statements for the past two months
• Investment account statements for the past two months
• Child support information
• Bankruptcy information
• Name and phone number of your insurance agent

If you currently own real estate:

• Mortgage account information
• Home insurance
• Home equity account information (if applicable)

Access a saved mortgage application or view your home loan documents.

If you’re interested in applying for a home loan with Corda Credit Union, give us a call. We’re happy to discuss current rates and the loan application process.