Home Loan Options

You can choose from a variety of Home Loans
designed to fit your needs.

Fixed-Rate Loans

Fixed-Rate Loans are available in 10-, 15-, 20-, or 30-year terms. Principal and interest payments remain unchanged for the life of the loan; and the longer the term, the lower your payment. Learn more about CEFCU Fixed-Rate Loans in the Home Loan FAQs.

Adjustable-Rate Loans

An Adjustable-Rate Mortgage (ARM) offers a lower initial interest rate than most fixed-rate loans. The trade-off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly. There also are low-down-payment options available. Find out more about Adjustable-Rate Loans in the Home Loans FAQs.

Construction/Completion Loans

A Construction/Permanent Loan allows you to lock your interest rate for up for 12 months while your home is being built. You apply when you have a contract with a builder and close within 60 days of application.

Choose a Completion Loan to lock your interest rate for up to 12 months while your home is being built. You can apply when you have a contract with a builder and close once your home is completed. Learn more about CEFCU Construction or Completion Loans in the Home Loan FAQs.

Low-Down-Payment Loans

Low-down-payment loans are a good option if you want to buy but have not had the chance to accumulate a down payment. CEFCU offers programs for first-time or other qualified home buyers including:

For more information, see the Home Loan FAQs or request a First-Time Home Buyer Kit.

Jumbo Loans

A Jumbo Loan is a loan for amounts greater than the limit set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Because Jumbo Loans cannot be funded by these two agencies, they usually carry higher interest rates.

Bridge Loans

The CEFCU Bridge Loan may be the perfect "interim" loan for you if you're buying a new home and have not sold your current home yet. It allows you to use equity in your current home as a down payment on your new home.

For more information on Home Loans or CEFCU Smart Lock, email CEFCU; call 1.800.542.3328, ext. 33424; or visit a Member Center.