As Brotherhood Credit Union is for its community, we have learned that it must be an expert in traditional and non-traditional mortgages. Brotherhood CU offers both adjustable and fixed rate 10-year through 30-year first mortgages. Click here for details.
Brotherhood CU will consider any loan amount up to $500,000.
FIRST MORTGAGE LOAN – FIXED RATE
Brotherhood CU offers various fixed rate mortgage programs. The interest rate remains the same throughout the length of the loan, whether that be 10, 15, 20 or 30 years. Some benefits of this type of loan are:
- Zero or one point options
- Finance up to 80% of owner occupied property
- FHA and VA mortgages are available
- BCU will consider any loan amount up to $500,000
FIRST MORTGAGE LOAN – ADJUSTABLE RATE
Brotherhood CU offers various adjustable rate mortgage programs. An adjustable rate mortgage (ARM) has an interest rate that varies over the term of the loan. The main advantage of an ARM is that you’ll start out with a lower interest rate, and therefore smaller mortgage payments, in the early years when you’re still getting on your financial feet.
Brotherhood CU Adjustable Mortgages Available:
- 1 yr ARM
- 3 yr ARM
- 5 yr ARM
- 7 yr fixed/3 yr ARM