NECU
      Cytel
Branch/ATM Locator | Security Center | Contact Us     Member Login    FAQs
       
 
  Why NECU    |    Careers    |    Disclosure    |    Member Services  

Personal Products & Services

Neighborly Advice

 Home Personal Products & Services Lending Mortgage Options
Print Page   Print Friendly View

Mortgage Options


Buying a home is very exciting, but at times can seem overwhelming. Our welcoming Mortgage Specialists will personally help you plan, organize and decide on a home financing option that works best for you. We will take the time to explain what to expect every step of the way. And, we will be there for you from application to closing.


Conventional Fixed Rate Mortgages
Adjustable Rate Mortgages
Home Possible Mortgages
Investment and Rental Homes Financing

Conventional Fixed Rate Loans

Northeast Credit Union offers numerous options for term, interest rates and points. We have reduced down payment options available for qualified borrowers.


Check rates Free pre-approval Apply online

Adjustable Rate Mortgages

With an adjustable rate mortgage (ARM), you'll benefit from lower initial mortgage payments - than with a traditional 30-year fixed mortgage. Northeast Credit Union offers a variety of Adjustable Rate Mortgages - some with no closing costs1.


Check rates Free pre-approval Apply online

HLPR Mortgage2
The Home Loan Payment Relief (HLPR) mortgage is designed to assist homebuyers in obtaining an affordable mortgage.  A homebuyer can benefit from lower payments due to a discounted initial rate, no private mortgage insurance (PMI) required and reduced closing costs.  This mortgage is a 3/1 adjustable rate, with a rate that is fixed for the first three years and then adjusts annually with annual adjustments capped at 1% and lifetime adjustment cap is 5%.

Call for current rates Free pre-approval Apply online


Home Possiblesm Mortgages3

Northeast Credit Union is proud to offer Freddie Mac's Home Possible Mortgages with flexible credit terms for borrowers with less-than-perfect credit. Home Possible allows for low down payments and borrower contributions as low as $500. With a Home Possible loan, you could finance up to 100% loan to value; or 105% total loan to value with secondary financing.


Teachers, firefighters, law enforcement officers and healthcare workers can qualify for an increased buying power up to 30%.


For complete details on any of our mortgage options, a Mortgage Specialist is ready to assist you.

Call for current rates Free pre-approval Apply online


Investment & Rental Homes Financing
Northeast Credit Union now offers mortgage financing for 1-4 family non-occupied properties. Eligible properties include:  single family dwellings, multiple family dwellings with 1 to 4 units non-owner occupied. Loan amounts are up to $417,000 for single family, and $801,950 for multi-unit properties. Terms of up to 30 years at a fixed rate.

For complete details, please contact a Mortgage Specialist at 1-888-436-1847.




 

 Mortgage 1.08

Home Insurance 1.07

Open An Account Online

Call 1-888-436-1847 to speak with Member Services

DISCLOSURE:
1The No Closing Cost offer applies to 5/5, 3/3 and 1/1 ARMS only. Borrower is responsible for payment of all property taxes and insurance and interim (prepaid) interest. In some cases, the borrower may incur the cost of repairs to the property in order to meet NECU collateral requirements, as a condition of credit approval. Member agrees to reimburse NECU for closing costs paid by us, if member prepays the loan within 2 years of closing. Contact a NECU mortgage lender for complete details on this offer.

2Certain restrictions do apply.  Subject to credit approval.  Homebuyers at or below median income levels, exceptions for underserved areas.  Family income limits of 100% of FNMA/FHLMC HUD median income published for Rockingham/Strafford counties in NH and York County, Maine.  Escrows for Real Estate Taxes and Insurance is required.  Minimum of one consumer credit counseling consultation required to underscore member's financial prepardness.  Renewal rate (4th year) based upon one-year Treasury constant maturity, plus a margin added of 2.75%.  This is subject 1% maximum annual cap, and a 5% lifetime cap from the original rate at inception of loan.  The initial 3-Year rate will be set weekly by NECU, reflecting a discount from the national average of 3/1 ARM programs.

3Restrictions do apply. Speak with a Mortgage Specialist for complete details.

Home   |   Accessibility   |   Privacy Policy   |   Sitemap  
Home Lender NCUA Verified by Visa
   
Personal Checking   |   Savings Options   |   Auto Loans   |   Recreation Vehicle Loans   |   Mortgages   |   Home Equity Loans and Lines
Credit Cards   |   Retirement Planning   |   Business Services   |   Online Account Management   |   Electronic Funds Transfer		  
   

© 2008 Northeast Credit Union. All Rights Reserved. 1-888-436-1847 or 603-436-1847

Powered by SilverTech.