Loading
Online Banking Login

Sign Up

The Mortgage Store

Whether you're a first-time homebuyer or looking to refinance, we offer a large selection of mortgage options to meet your needs.

  Traditional Fixed Rate 5/1 ARM Construction Loan
Purpose and Benefits Provides a fixed interest rate and fixed payments for the life of the loan. Secures a lower initial rates and lower payments for a set amount of time. Loan for the building of a new home, paid out over the course of building.
Interest Rates Fixed Fixed for the first 5 years, adjustable thereafter: capped to 2% change annually, 5% change lifetime. Fixed rate conversion option available. Fixed
Maximum Available to Borrow 80% of your home's market value 80% of your home's market value 80% of your home's market value
Repayment Terms Available Up to 30 years Up to 30 years Up to 30 years

Traditional Fixed Rate Mortgages

A traditional fixed-rate mortgage offers the comfort of knowing exactly what your payments will be, month after month, for the life of the loan. In a low-rate environment, borrowers tend to prefer a fixed-rate product that can protect them from possible interest-rate increases.

  • Competitive rates
  • Terms up to 30 years
  • Absolutely no prepayment penalties
  • MUCFCU will loan up to 80% of the market value of your home
  • Closing costs as low as $499.00 on qualifying mortgages
  • Tax deductible interest
  • Payment remains constant for the life of the loan
  • Zero payments for 90 days
  • No loan application fee
  • Ask about our Immediate Loan Decisioning

Apply for Fixed Rate Mortgage Back to top

Certain credit restrictions apply. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Consult with a tax advisor regarding the deductibility of interest. Rates, terms, conditions and product components are subject to daily change without notice. To request a Home Mortgage Disclosure Act (HMDA) Disclosure Statement, click this link, enter Miami University Community FCU in the "Institution Name" box, and follow the instructions on the screen; or contact MUCFCU to request a copy.

5/1 Adjustable Rate Mortgage Loans

An ARM enables you to secure a loan at an initially lower interest rate than a fixed-rate loan. This means you have lower monthly payments for a specific period of time when compared to other loan options. Plus lower monthly payments may allow you to qualify for a higher loan amount.

  • Fixed rate for five years
  • Fixed rate conversion option available on all our variable rate mortgages
  • Competitive rates
  • Absolutely no prepayment penalties
  • MUCFCU will loan up to 80% of the market value of your home
  • Closing costs as low as $499.00 on qualifying mortgages
  • Tax deductible interest
  • 2% annual cap and 5% lifetime cap above or below initial interest rate
  • Zero payments for 90 days
  • No loan application fee
  • Ask about our Immediate Loan Decisioning

Apply for Adjustable Rate Mortgage Back to top

Certain credit restrictions apply. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Consult with a tax advisor regarding the deductibility of interest. Rates, terms, conditions and product components are subject to daily change without notice. To request a Home Mortgage Disclosure Act (HMDA) Disclosure Statement, click this link, enter Miami University Community FCU in the "Institution Name" box, and follow the instructions on the screen; or contact MUCFCU to request a copy.

Construction Loans

Whether you've already decided to build your own home or are just dreaming about it, we can help you make those dreams become a reality. A Construction Loan is a temporary loan, usually lasting six months to a year, that is used to pay for the building of a home. The funds from a construction loan are paid out in stages over the course of the building project.

  • Lot financing available
  • Competitive rates
  • Terms up to 30 years
  • Absolutely no prepayment penalties
  • Tax deductible interest

Apply for Construction Loan Back to top

Certain credit restrictions apply. Fees may be assessed for late payment; for a complete list of possible fees, see the Fees page. Consult with a tax advisor regarding the deductibility of interest. Rates, terms, conditions and product components are subject to daily change without notice.

 

Kate Bystrom

Mortgage Officer • NMLS #797152

Phone: (513) 529-5057

 

Equal Housing Lender logo
NCUA logo

Your savings are federal insured to at least $250,000 and backed by the full faith and credit of the United States Government.