Getting a home loan from Shoreline Credit Union is fast, easy and affordable. We offer low-cost, reliable loans with a variety of payment terms to fit your budget. Best of all, there are no penalties for making advance payments or paying off your loan early. You can apply easily by phone, mail, in person or online.
Required Documentation for Application:
•Completed application.
•Purchase contract for property or most recent real estate tax bill.
•Homeowner's insurance policy.*
•Construction plans & builders contract.*
•Current income verification (one months current check stubs and current and prior year's W2's) or past two years of tax returns if self-employed.*
•Statements documenting balances on 401K/profit sharing.*
•Statements documenting balances on ALL mortgages.
•Title insurance policy.*
*if applicable
Contact our Loan Department at (920) 793-4541 to make an appointment.
Mortgage Loans
When you're buying a home or looking to refinance your current home loan, be sure to check out Shoreline Credit Union. Our mortgage experts will help make the process easy and quick. With low closing costs and a variety of payment terms, you're sure to find a mortgage that's right for you. Options include:
100% Mortgage Program - This program is for those who have excellent credit but are having a difficult time saving for a down payment. Though there is no down payment requirements, borrowers must have a minimum of 3% of their own funds in the transaction.
WHEDA - For 1st time home buyers or borrowers who haven't owned a home for at least 3 years, you can qualify for a 3% down payment with home buyer's education.
ALT 97 - Allows the required 3% down to come from borrowers saved funds, a gift, grant or various other sources
Conventional Fixed-Rate - Offers a fixed rate up to 30 years, requires a 5% minimum down payment.
In-House Balloons - Borrowers receive a fixed rate for the first few years.
Credit Plus Program - designed for borrowers with less than perfect credit.
Construction Loans
Looking to build your dream home or construct that large addition onto your existing home? Shoreline Credit Union can help you with a construction loan. When the construction is complete Shoreline can roll your construction loan into a home mortgage loan.
Home Equity Loans (closed end)
Use the equity in your house as collateral for big expenses such as education and home improvements. Payments can be based on a repayment period that is best for you so your monthly payments can be kept low. Maximum loan amount up to 90% of your home's market value, less any outstanding mortgage balance. Best of all, the interest you pay can be up to 100% tax-deductible (be sure to consult your tax advisor).
Home Equity VISA Card (HELOC)
With this VISA® Card you can easily access the equity in your home for a wide range of projects. Building a deck? Updating the kitchen? No project is too difficult when you use the power of equity in your home. Best of all, the interest you pay can be up to 100% tax-deductible.*
Benefits:
• Use your equity anywhere VISA® is accepted.
• Use your equity when & where you need to.
• Fast & convenient - money is always there.
• Great low rates
• Tax deductible* - Consult with a tax advisor about deductibility.
• No ID needed - easier than a check.
*Consult with a tax advisor about deductibility.
|
