Your Homebuying Challenges
Our Unique Mortgage Solutions
Our goal is to become your lender of choice when it comes to all of your Real Estate lending needs. In addition to our 10,15, 20 and 30 year conventional Mortgages; Government, FHA and VA Loans; and Home Equity offerings, we've been busy behind the scenes working to provide you with a number of unique financing options when it comes to buying a home. While we know every buying situation is unique, we've crafted a some different programs that could fit each of your financing needs.
Blanket Loan
Looking for the chance for financing on multiple properties? Look no further than our Blanket Loan. This unique offering allows you to use additional property equity for collateral for collecting loan-to value purposes.
- Provides opportunity for one mortgage on two properties
- Max 75% of combined appraised value of all properties involved
- Great opportunity to refinance a land contract on a second home or land
Non-Warrantable Condos
Do you have your sights set on a new condominium under construction or one that will be part of a future phase that you're interested in? If so, our non-warrantable condo option may be right for you.
- Financing available on new condos that are still under construction
- LTV up to 95% with PMI approval
- 30-year fixed program with a standard rate
If you're interested in learning more, please contact our Real Estate Lending Department at 248-919-5809 or RealEstate@loccreditunion.com. Our team of experts is standing by ready to get the process started for you.
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