Consumers MortgagesSM

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Home Loan Purchases and Refinance Options

Loan Application

Click here to check Consumers MortgagesSM Rates.

Get Pre-Qualified Today, we're waiving the credit report fee through December 31, 2017

Input Promo Code CCUAPP17 when applying online.

Buying a home is one of the most exciting moments of your life, and it can also be one of the most stressful. Consumers Credit Union is here to make the process as easy as possible and help you unlock the door to homeownership. You can rely on CCU's experienced mortgage professionals to thoroughly explain your financing options and provide loans suited to your needs. When it's time to refinance your loan, CCU is ready to assist you too. At CCU, we're committed to your goals with the following mortgage loan options:

Have you already started an application, completed an application, or checking the status of your application? Returning users click here.

Why get your Home Loan from CCU? We offer local servicing, instant credit decisions, access to apply 24/7, and we are your credit union.

    • Conventional or Jumbo home loan options
    • Purchase or Refinance
    • Primary, Secondary, or Investment Properties
    • Fixed or Adjustable rate loans

For more information or to apply by phone, please call 877.ASK.CCCU (877.275.2228). 

Adjustable Rate Mortgages

Loan Application

An Adjustable Rate Mortgage may be a good choice if you:

    • Want to maximize your buying power
    • Want to keep your payments lower during the first few years of your loan
    • Plan to move into a different home within the next ten years
    • Plan to pay-off your mortgage within the next 10 years
    • If, in the coming years, you expect your income to increase significantly

Adjustable Rate Mortgages, ARMs, offer a lower starting interest rate and therefore, a lower monthly payment. Your rate and your payment may increase, though, as time goes on. ARMs are useful loans for a variety of circumstances.

HARP 2.0 Refinance Program

HARP Program Details

If you are current on your Fannie Mae or Freddie Mac mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you refinance into a new, affordable mortgage that provides more stability. HARP is unique in that it is the only refinance program that enables borrowers who owe more than their home is worth to take advantage of low interest rates if their home loan is already owned by Fannie Mae or Freddie Mac. Consumers Credit Union is an Illinois mortgage lender currently participating in this program and has already helped hundreds of members with negative equity by refinancing their Fannie Mae (FNMA) or Freddie Mac (FMCC) home loan.

For information on the HARP 2.0 program, contact a mortgage loan officer at one of our service centers, or call 1-877-ASK-CCCU (275-2228).

Home Equity Loans

Loan Application

You've spent time and effort increasing the value of your home, so why not utilize your asset to your advantage?  A home equity loan is a smart way to finance home improvements or any large expense.  Because home equity loans offer low rates and possible tax savings, they can also be a very prudent way to consolidate outstanding debt.

Line of Credit
Enjoy the flexibility of a home equity line of credit.  A line of credit provides immediate access to funds, as you need them. Interest is calculated on the outstanding balance, which can be paid down at anytime.  A home equity line of credit is attractive to homeowners who anticipate future expenses and want to advance funds periodically. CCU offers very attractive rates and, unlike other lenders, does not charge an annual fee.  Take advantage of an intro rate as low as 1.99%APR* for the first 12 months of your line of credit loan.

A fixed-rate home equity loan allows borrowers to lock in current home equity market rates, at a variety of terms.  Loan funds are disbursed at closing with the rest of the loan term reserved for repayment only.  A fixed-term, fixed-rate home equity loan is a great option for those not needing the flexibility of future advances and who desire a set monthly payment and term. CCU is currently offering low promotional fixed rates as low as 4.25%APR on loans up to 100% loan-to-value!!  Hurry, these promotional rates are only valid through September 30, 2017.

CCU's Home Equity Programs Offer

    • Competitive rates
    • No annual fee
    • Borrow up to 100% of your home's value.
    • Tax-deductible interest, in most cases. Please consult with a tax adviser regarding deductibility of interest. 
    • Interest-only payment options
    • Visa card option for easy access to line of credit loans
    • Consumer's Choice Protection available for loss of life, disability and/or unemployment

Check out our HELOC Frequently Asked Questions page for line of credit loans.

For more information or to apply by phone, please call 877.ASK.CCCU (877.275.2228).

Loan Application

*The promotional intro rate is "as low as" and is good for the first 12 months from the time the line of credit us made available to the borrower. Intro rate is based on credit worthiness and combined loan-to-value (CLTV).  Thereafter, the APR will vary monthly based on the prime rate (as published in the Wall Street journal) plus a margin, or 4.0%APR, whichever is higher, with a maximum APR not to exceed 21%.  The intro rate offer does not apply to first mortgage loans and is not available to applicants refinancing a current CCU home equity loan.  Rates and promotional terms subject to change and may be discontinued without notice.

Credit report standard fee being waived on first mortgage loan applications through December 31, 2017, a $25 value. All loan requests subject to Loan Review Committee and Guidelines. Actual rate and term based on creditworthiness of borrower and percentage of loan-to-value; rates subject to change without notice. Offer available for real estate in Illinois and Wisconsin only. Please contact a CCU representative for additional information; consult your tax advisor about the possible deductibility of interest. APR=Annual Percentage Rate. Equal Housing Lender.