HomeReady® Mortgage Loans
Helps credit-worthy low-income borrowers become homeowners.
A program through Fannie Mae that helps our lenders work with credit-worthy low-income borrowers. A HomeReady loan can provide affordable homeownership opportunities to those who may not qualify for conventional mortgage loans. Work with your local mortgage loan officer to see if you qualify.
Fannie Mae Website
Low Down Payment
A borrower's down payment can be as low as 3% for a home purchase or refinance transactions. This is especially beneficial for first-time home buyers.
Flexible Funding
Cash for down payment or closing costs can come from multiple sources, including gifts, grants, or other. There is no minimum amount required for personal funds.
Competitive Pricing
Interest rates are typically equal to or better than Fannie Mae's standard loan pricing. Ask your mortgage lender about current rates.
Mortgage Loan Calculator
Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.
HELPFUL TIP
Apply for a mortgage loan today!
We’re ready to help finance your perfect home with your perfect mortgage.
Apply NowMortgage Programs
Check out some of the mortgage loan options available with CMCU:
CONVENTIONAL
MORTGAGE
Traditional mortgage loans with fixed rates throughout the term of the loan.
ADJUSTABLE-RATE
MORTGAGE (ARM)
Mortgage Loans with variable interest rates which may fluctuate payments.
FIRST-TIME
HOME BUYERS
Learn more about purchasing your first home and your options available.
LAND
LOANS
Loans are available for the purchase of property such as for hunting or investment.
FHA
LOANS
Funds are available from the Federal Housing Administration to low-moderate income families.
VETERANS
AFFAIRS (VA)
A VA loan helps provide home financing for eligible Servicemembers, Veterans, and surviving spouses.
Membership
Not a Member? Join us today!
- Wide variety of products
- 21 convenient branch locations.
- Online and mobile banking
- 24,000 ATM locations nationwide
- Online Bill Pay and eStatements
- Low interest rates on loans
- High interest rates on savings
- Free checking
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.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.