Mortgage Products

Fixed Rate Mortgage
A fixed rate mortgage (FRM) is a fully amortizing mortgage loan with an interest rate and payment that stays the same throughout the term. It is probably the simplest mortgage to understand since it has no variable features. The main advantage of a fixed rate loan is the protection from an increase in your payment if interest rates were to rise. Fixed payments also make it easier for you to plan and budget for your monthly expenses. You may want to consider a fixed rate mortgage program if you are on a fixed income, plan to be in the home for a long period of time or like the peace of mind of knowing your principal and interest payments never change.

Available Fixed Programs
  • Conforming Loan Amount to $548,250- Loan Terms: 10, 15, 20, 30- years
  • Jumbo Loan Amount to $2,000,000- Loan Terms: 15, 20, 30-years
  • Fixed Loans- Now serviced by IMCU! Competitive rates and closing costs!
Check rates below, or select a lender to apply now.

Adjustable Rate Mortgages
An adjustable rate mortgage (ARM) is a mortgage loan in which the interest rate can change periodically based on an index + a margin. The ARM is usually fixed for a set period of time and then adjusts at even intervals thereafter. The initial rate on an ARM is generally lower than a fixed rate mortgage, which can result in a lower monthly payment for the first several years. This may allow you more buying power compared to the same payment on a fixed rate mortgage. You may want to consider an adjustable rate mortgage if you are planning to stay in your home for 5 years or less. Although ARMs are not for everyone, there are many life circumstances that make the adjustable rate mortgage an option to consider. Talk with your IMCU mortgage professional for more information.

Available Adjustable Programs
Now offering 7 year ARM adjusting every 6 months after year 7 and 10 year ARM adjusting every 6 months after year 10.
  • Conforming Loan Amount to $548,250- Loan Terms: 15 & 30-years
  • Jumbo Loan Amount to $2,000,000- Loan Terms: 15 & 30-years
Check rates below, or select a lender to apply now.


FHA
FHA loan limits are based on the county in which the property is located.

Available Programs
  • Purchase Fixed Rate- Loan Terms: up to 30-Years
Check rates below, or select a lender to apply now.
 
vA
VA loans are available to a veteran, active duty, service member, National Guard member, Reserve member or surviving spouse of an eligible veteran. 
VA Loan Benefits:
  • 100% financing
  • No down payment
  • Less restrictive terms 
  • No credit score qualifying guidelines
Available programs: 
Conforming Loan Amount up to $548,250 (qualifications required),
No Monthly Mortgage Insurance

Check rates below, or select a lender to apply.

USDA
USDA loans are designed for properties in rural areas identified by the US Department of Agriculture.
USDA Loan Benefits:
  • 100% financing
  • No down payment requirements
  • Flexible credit and qualifying guidelines
Available ProgramsLoan limits based on the county in which the property is located.
Purchase Fixed Rate Terms: 15-year or 30-year
 
Check rates below, or select a lender to apply.
 
Manufactured Home ADVANTAGE® Loans

A manufactured home loan is an immediate and affordable housing option!

  • Down Payment Flexibility!

    • Manufactured home loans traditionally require less of a down payment. Receive a loan up to 95% of the home's value on a primary home and 90% on a second home using the MH Advantage® loan program.
  • Flexible Minimum FICO Score!

    • Scores as low as 620 accepted.
  • Available on First or Second Homes!

  • Gift Funds are Accepted for Down Payment!


*Available on products 10, 15, 20, 25 and 30 year, Fixed Rate. Primary residence and second home only. Max LTV requires a 45% DTI with a minimum credit score of 620. Minimum loan amount is $50,000. Private mortgage insurance required for LTV exceeding 80%. Home must meet MH Advantage® program guidelines and carry a Mortgage Financing Notice sticker. Subject to credit approval. NMLS #402492. Effective 5.1.2021. Equal Housing Opportunity. 2018 or newer models only.