Buying a Home

Finance your first or your next home with CMCU.

Whether you're just getting started with homeownership or you're ready to upgrade your current home, CMCU is here for you and ready to walk you through each step.

Let's get started!

Complete the online application in under 10 minutes (on average) to get prequalified. Once you submit your application, you will be contacted by the local mortgage lender with your qualified loan amount. When you're ready, your lender will walk you through the entire mortgage process and make sure you're comfortable with the perfect mortgage loan for you and your lifestyle.

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Holding the keys to their new home.

Perks of a CMCU Mortgage Loan

We're Local

Local lenders, underwriters, and processors mean that we can relate to your local values. Local knowledge and expertise help speed up the processing to get to closing faster. Plus, a vast majority of our loans stay in-house instead of being sold off.

Loan Options

CMCU offers many different types of mortgage loans. From traditional 30-year fixed-rate loans to various government programs like Rural Development or VA loans, we'll be sure to set you up with the right mortgage that fits your needs.

Lower Fees

Instead of the typical 1% (or higher) origination fee for closing, CMCU has a single $1,000 closing fee*, no matter how large your mortgage loan might be.

Digital Experience

Your mortgage loan can be connected to your current CMCU digital banking account so you can view all your accounts in a single place. You can also schedule and pay your mortgage payments to save on stamps and envelopes!

Home Loan Process

Get Prequalified

It's important to get prequalified because it is often a requirement before you're able to make an offer on a home. It also helps you determine the price range of homes you're able to afford when you're searching for the right one.

Getting prequalified starts with completing an application online, in-person at a CMCU branch, or over the phone. Some information you may need during the application process includes basic personal information and employment history. Your lender will inform you of the income documents needed; typically, it is 2 years of W2 documents, current paystub, and 2 months worth of bank statements. Upon a completed application, your lender will pull your credit score to review your credit-worthiness and calculate your debt-to-income ratio.

Once this step is complete, you are ready to begin your house hunt. In the meantime, your file will be sent to underwriting to get everything ready for when you have an accepted offer.


Helpful things to consider:

  • How much money you're able to use as a down payment
  • What would be a comfortable monthly payment amount


Mortgage Loan Processing

You now have a signed purchase agreement and it's time for things to start moving quickly. Your realtor will provide your lender the purchase agreement as well as some other details of the transaction.

Being responsive and timely in this phase is a big key to keep this process moving along quickly. Your lender will discuss things like an appraisal, title work, interest rates, confirm loan amount, and more with you. Your next big step will be to finalize the home insurance. Your lender will contact you during this phase if or when those details are needed.

It is safe to say you can start packing your bags!


Mortgage Closing

Your lender or realtor will work with you to establish a date/time for the final signing of your loan documents; also referred to as "mortgage loan closing." You will be informed in advance what you will need to bring to closing day (Driver's License or photo ID, funds if needed, etc.). We'll need your wet signature on a variety of documents to finalize your mortgage loan and process the sale of the house. This will likely happen at a title company's office.

Once all the documents are signed by all parties, it will be official - you will be given the keys to your new home!

Mortgage Loan Calculator

Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.

Loan Amount:
Annual Interest Rate:
Loan term:
Annual Real EstateTaxes:
Annual Homeowners Insurance:
Monthly Private Mortgage Insurance:
Monthly Principal and Interest Payment:
Monthly Tax, Insurance and PMI payment:
Total Monthly Payment:

*Calculator provides general estimations only. Inconsistencies may occur with the use of the calculator and the outcomes are not credit guarantees. For specific payment and interest information, please contact us.

Calculating mortgage payment


A general recommendation is to have 20% of the mortgage loan as a down payment.

Apply for a mortgage loan today!

We’re ready to help finance your home so you can enjoy bigger, better savings.

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Mortgage Programs

Check out some of the mortgage loan options available with CMCU:


Traditional mortgage loans with fixed rates throughout the term of the loan.


Mortgage Loans with variable interest rates which may fluctuate payments.


Learn more about purchasing your first home and your options available.


Get a land loan to purchase a piece of property for construction or recreational use.


A program available through USDA to boost rural communities and offer appealing mortgage loans to buyers.


Funds are available from the Federal Housing Administration to low-moderate income families.


A program for credit-worthy low-to-moderate income borrowers or homes in low-income communities.


A VA loan helps provide home financing for eligible Servicemembers, Veterans, and surviving spouses.


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Please note, while you are undergoing the mortgage loan process, it is best that you check with your mortgage lender before opening any other loans at the same time.

*$1,000 origination fee does not apply for construction loans or in-house mortgage programs



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