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New Home Loan Option Available

New Home Loan Option Available

Credit Union of America is now offering no PMI home loans! Members wishing to apply for a home loan now have the option of doing a 5% down payment with no private mortgage insurance for a fixed rate conventional home loan.

  • Finance up to 95% of the purchase price/appraised value, whichever is less.*
  • Available on refinances or new purchases, fixed rate 15 and 30 year terms only.
  • Property must be owner occupied.
  • Gift funds may not be used for down payment.
  • Must meet loan requirements and be employed for 24 months with same employer to qualify.

Apply online for a home loan preapproval, view current rates or visit with a CUA mortgage officer at 316.265.3272 extension 91 or 800.256.8049.

*A $125,000 purchase price with $6,250 (5%) down payment and $118,750 financed at 4.75% fixed annual percentage rate would result in a monthly payment of $619.46 for 360 months. Sample payment only includes principal and interest. Other restrictions may apply, for full details speak with a CUA Loan Officer.

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