Working for you locate an accepted destination to phone home, or discover the value in your home you curently have.

• Buy or refinance your house
• Co-op Share Loans
• Fixed, Adjustable Speed and Jumbo Loans
• Residence Equity Loans that will help you access the worthiness in your current house

Reclaim your goals for future years.

Meet Tynice

Residence Mortgages and Refinancing

Our Loan Officers at Credit Union Mortgage Association (CUMA) provide our users a variety of mortgage choices with reasonable prices and low costs.

In addition to CUMA’s member that is personal, it is possible to easily use on line to get pre-approved for a home loan. Some loan options can provide you instant online pre-qualification.

Our home loans provide you with your options you ought to buy house that is new refinance your overall house:

• Fixed, Adjustable Speed and Jumbo Loans
• FHA (Federal Housing management) financing for sale in Virginia, Maryland and D.C.
• Old-fashioned and VA (Veterans management) financing nationwide
• Advance payment help programs might be available

Apply online or call our home loan hotline at 855-621-5865.

What’s the procedure for buying a property?

• Determine how much you really can afford
• Choose financing
• Apply for pre-approval or pre-qualification
• Find your property
• Make an offer
• Proceed through inspections
• Closing process

Co-op Share Loans

Because housing cooperatives (co-ops) are a standard and affordable type of housing when you look at the D.C. Area, we provide Co-op Share Loans as home financing choice.

A housing co-op is a combined team, usually arranged as a company, that has a bit of real-estate such as for instance an apartment building. In place of purchasing a particular apartment in the building, you buy a share regarding the firm that has it. Then you receive a proprietary rent on the apartment. You feel a shareholder, as they are partially accountable for typical areas, upkeep charges and property fees.

You can expect when you work with DC Credit Union for your Co-op Share Loan:

• Real estate loan officers with co-op experience who are able to show you through the method
• Reasonable rates (ask a DC Credit Union employee for latest prices)

Apply online or call our home loan hotline at 855-621-5865

We’ve a proven contract utilizing the cooperatives that are following the D.C. Area.

If you should be thinking about purchasing a share in another of these co-ops, then we would be good fit for you personally:

• Kenesaw Housing Cooperative
• NEW Parkchester Housing Cooperative

Residence Equity Loans

Your house are a resource that is good money. When you have owned your property for a while, it is possible you’ve got 1000s of dollars worth of equity you need to use as a supply of funds.

Equity may be the distinction between the marketplace worth of your property plus the amount your debt on your own mortgage. If you take down financing on that equity, you can easily buy educational costs, make house renovations, buy an automobile, and take proper care of other major online payday loans in louisiana costs.

We provide closed-end house equity loans and mortgage loan credit line. Both provide the following advantages:

• Power to borrow bigger quantities for major expenses minimal reasonable prices
• Interest may be tax-deductible (check with your taxation consultant)
• Counts towards CU*Perks eligibility

Residence Equity Loans

Home Equity Personal Credit Line

Most useful if you prefer:

A solitary lump-sum that is paid down over a group period of time.

An open-ended way to obtain funds as you need over time that you can withdraw from.

Monthly Premiums

Fixed for the loan term that is entire.

Vary utilizing the quantity of the mortgage, and it the amount of funds available to you is replenished as you repay.