Midwest Partners Federal Credit Union

Mortgage Loans

Whether you are a first-time homebuyer or planning to refinance, our mortgage loan officers are ready to work with you, a valued member of Midwest Partners FCU.

>> Home Loan Rates

First Mortgage
Your largest single life investment is the purchase of a home. Whatever home you decide to buy, your Credit Union can help you with a mortgage loan. Our rates are great and our mortgage professional is even better at matching your needs, from pre-qualification to closing.

Some of the features of our first mortgages include:

Up to 15 year maturity
$250,000 maximum loan amount
Fixed Rates
90% loan to value

Second Mortgage
Need money to fix up your home or make a major purchase? A second mortgage/home equity/home improvment loan from Midwest Partners Federal Credit Union may be the ticket for you! Not only may our rates and terms be better, you may also be eligible for a tax deduction of the interest that you pay.

Some of the features of our second mortgage/home equity/home improvement loans include:

100% of assessed or appraised value
$5,000 minimum-$250,000 maximum
10 year maximum term
Fixed Rates

Home Equity Line of Credit
Our Home Equity Line of Credit (HELOC) loans are a great way to use the equity in your home to pay for a dream vacation, college tuition, a new car, or whatever your needs are.

Some of the features of our HELOC loans include:

Maximum term of 15 years
Variable rates-can change monthly
Rates calculated by previous months average T-Bill rate
100% of equity
$150,000 maximum loan amount

Construction Loan
Midwest Partners Federal Credit Union now offers Home Construction Loans. Some of the features of our construction loans include:

initial draw period for 6 months
unlimited withdrawals/draws
variable rate-calculated by previous months average T-Bill rate
80% loan to value-$300,000 maximum

Lot Loan
Our newest mortgage product is a lot loan. Some of the features include:

land must not be more than 40 acres
lend 50% or purchase price or appraisal, whichever is less
60 month term maximum

Balloon Mortgage
Do you have a house in mind that you really want to buy but don't think that you can make the payments? We offer a 5 year balloon mortgage loan that could work for you. Some of the features of the balloon mortgage loan include:

amoritized over a maximum of 25 years
$250,000 maximum loan amount
rate fixed for 5 years
90% loan to value

>> Contact us for more information about our home loans