Upgrade, downsize, improve or refinance, White River Credit Union can help you every step of the way with your home loan. And with 24×7 online approvals, we make it easy peasy!
10, 20 & 30 year first mortgages
At White River Credit Union, we keep your loan home sweet home. Friendly, experienced staff will ensure the entire home loan process is smooth, efficient, and hassle-free. And most importantly, local!
Start by selecting “Check Rates”
What else should you consider?
10 v 20 v 30 Year Fixed Mortgages…which to choose?
“The one that fits you best” is too simple an answer to be useful but, with White River Credit Union as their key financial partner, members often find it simple to achieve.
WHAT IS A FIXED-RATE MORTGAGE vs. a VARIABLE RATE MORTGAGE?
Fixed-rate mortgages are just what they say, a home loan in which you and the lender agree on the interest rate by contract and it doesn’t change for the life of the loan. By contrast, a variable-rate mortgage has built-in flexibility, the lender adjusts the rate at pre-determined periods based on outside factors which can work in the borrower’s favor or not.
What will my payments be?
Check out our Loan Calculator for an estimate.
NMLS Number 486046
10 year first mortgage
Want to refinance to a lower rate but not looking for a long-term loan? Want your mortgage paid off quick? Or only borrowing a small amount? A 10 year first mortgage is your answer!
Home Equity Line of Credit
Need funds for a home improvement project, debt consolidation or other major expense? Use funds that are secured by the equity you’ve earned in your home. Offered as a first or second lien — White River Credit Union offers Home Equity Lines of Credit (HELOCS). HELOCS and the interest you pay may be tax-deductible (consult your tax advisor).
By clicking apply now you are leaving White River Credit Union’s website. By leaving our website, WRCU is not responsible for the content of this alternate website, and privacy and security policies may differ from those practiced by White River Credit Union
APPLY NOWWhat else should you consider?
Home Equity Loan or Home Equity Line of Credit (HELOC)?
Second mortgages come in two basic forms: home equity loans and home equity lines of credit, or HELOC. They typically offer higher interest rates than primary mortgages because the lender assumes greater risk – in the event of foreclosure, the primary mortgage will be repaid before any seconds.
However, because the loan is still collateralized, interest rates for second mortgages are usually much lower than typical unsecured debt, like charge cards, credit cards, and consolidation loans.
The other major advantage of second mortgages is that at least some of the interest is, for borrowers who itemize, tax deductible. To receive the full tax benefit, the total debt on your home, including the home equity loan, cannot exceed the market value of the home. Check with your tax advisor for details and eligibility.
What will my payments be?
Check out our Loan Calculator for an estimate.
NMLS Number 486046
20 and 30 year mortgages
Looking to refinance, purchase, or use the equity in your home? At White River Credit Union, we keep your loan home sweet home. Friendly, experienced staff will ensure the entire home loan process is smooth, efficient, and hassle-free. And most importantly, local!
Start by selecting “Check Rates”
By clicking apply now you are leaving White River Credit Union’s website. By leaving our website, WRCU is not responsible for the content of this alternate website, and privacy and security policies may differ from those practiced by White River Credit Union
Servion service
Looking for a mortgage product we don’t offer? VA, first-time home buyers – White River CU partners with Servion. Be sure to apply through Servion we will help you along your way.
