Mortgage + Home Equity Loans

Whether it's settling into a new home or giving your current one a makeover, we're here to assist every step of the way.

Choose the mortgage that suits your needs best.

Whether you’re thinking about buying your first home, refinancing, or borrowing money to make home improvements, we have the loan for you. Our Mortgage and Home Equity Loans come with competitive rates and terms and are backed by our knowledgeable specialists. It’s just the thing to make you feel right at home.
Mortgage Loans

For you, our welcome mat is always out.

Buying a house is a pretty big deal. You wonder if you’ll be able to afford the up-front costs. How you’ll balance your mortgage with your other living expenses. Give yourself a little extra peace of mind by using our calculator and see how it all adds up. When you’re ready, our mortgage originators explain everything and lead you through the process every step of the way.

First-Time Homebuyer Loans

Help with your most exciting purchase.

Buying your first home is a big step, but it doesn’t have to be a nerve-wracking one. Our First-Time Homebuyer Program gives you the knowledge, confidence, and support you need to make one of the smartest decisions about your future.

New Beginnings Mortgage Loans

Making homeownership possible for everyone.

You don’t have to have a perfect financial track record to make homeownership a reality. We’ll invest in your dream and work with you even if you have a low credit score or have had a foreclosure or short sale before.

With our New Beginnings Mortgage Loans, you’ll get:

  • Low down payments.
  • A fixed rate with low interest rates.
  • Low closing costs.
  • Consideration if you are 2 years from a prior foreclosure or short sale.
  • Help purchasing an owner-occupied single-family home or condominium.
VA Loans

Let our service thank you for your service.

Are you or a family member a current service member or a veteran? The Department of Veterans Affairs (VA) offers loan programs to help people who’ve served the country buy homes.

The VA doesn’t make loans – it sets the rules. It determines if you qualify, arranges terms under which mortgages may be offered, and guarantees any loan made. Some VA loans are available with no down payment.

When you’re ready to learn more about VA loan programs, visit the Department of Veterans Affairs website or call 1-800-827-1000.

FHA Loans

Flexible terms and a low down payment for qualified buyers.

The Federal Housing Administration (FHA) expands homeownership opportunities, especially for first-time homebuyers. FHA loans protect approved lenders against losses with mortgage insurance in the event the homeowner defaults.

The standards for qualifying are generally more flexible than for conventional loans: you can have a lower credit score and a smaller down payment. You simply assume the added cost of the mortgage insurance.

The FHA is part of the United States Department of Housing and Urban Development (HUD). To learn more about FHA loan programs, including whether you might qualify for one, visit HUD’s website, call HUD at 1-800-225-5342, or visit GovLoans.gov. HUD also provides a list of qualified FHA lenders.

Jumbo Loan

Finance the home of your dreams without limitations.

Sometimes, a regular mortgage isn’t enough for the home you want.

Each year Fannie Mae, Freddie Mac, and their regulator, the Federal Housing Finance Agency (FHFA), set a maximum amount for loans: in general, it’s $417,000, although limits go as high as $625,500 in some high-cost areas of the continental United States. When mortgage loans exceed these limits, they’re called jumbo mortgages.

The cost of obtaining a jumbo mortgage is usually higher than the cost of obtaining other loans. It’s also a little harder to qualify for one, but it’s definitely not just for the well-to-do.

Construction Loans

Build your dream home.

Don’t put off building your dream home. With a streamlined process—one application, one approval, and one closing—we make it easy and hassle-free.

  • Finance up to 95% of the appraised value.
  • Pay only the interest on your loan for up to 12 months during the construction period.
  • Enjoy the convenience of your construction loan automatically converting to permanent financing when your home is complete.

5% down payment required. PMI (Private Mortgage Insurance) required with less than 20% down. APR is Annual Percentage Rate. Representative example of loan terms after 12-month interest-only period: 30-year loan of $275,000 with a 4.25% APR would have 360 monthly payments of $1,352.83. Rate subject to change without notice. Other rates and terms available. Certain restrictions apply. Additional documentation may be required. All mortgage loans subject to credit approval.

Rehab Loan

Fix up your home and make it yours.

Now you have the convenience of covering the cost of your new home purchase and all the necessary repairs you want to make, in one loan.

Refinance Loans

Get a better rate and save.

Looking to lower your monthly mortgage payment? Have home improvements you want to make? Or, interested in consolidating your credit card debt? Our Refi Loans might make sense, especially if the value of your home has increased.

Home Equity Loans
Tell us what you need and we’ll make it happen

Use the equity in your home to borrow a one-time lump sum of money that you can use to pay for your daughter’s wedding, purchase a new roof, or even consolidate and eliminate your credit card debt. Simply choose a repayment term that’s most comfortable for you and enjoy:

  • Fixed rates at competitive interest rates
  • Flexible terms to fit your needs
  • Maximum 95% LTV (loan to value)
  • Owner-occupied 1-4 family dwellings
Home Equity Line of Credit
Turn your biggest asset into a source of cash

A Home Equity Line of Credit or HELOC, uses your home as collateral, allowing you to borrow the amount you need, when you need it. Having quick access to cash gives you the ability to pay for recurring expenses like college tuition, on-going home improvements, or even frequent medical bills. Your credit revolves as you pay back what you owe, in turn, freeing up more money to borrow.

Our HELOC Loans feature:

  • Rates as low as Prime minus .50%
  • Check-writing capability for major purchases
  • No annual maintenance fee
  • Possible tax benefits (check with your tax advisor)

 

How to Get Started: 

  1. Fill out an application online or come into a branch near you.
  2. We’ll send you a welcome letter that lists the personal documents you’ll need for your loan. Simply gather the paperwork and give it to your Member Service Representative.
  3. As our lending team starts processing your documents, they’ll give you the go-ahead to have your property appraised. 
  4. After your loan goes to underwriting, a title is ordered, and your closing will be set up. 
  5. After a handshake and “congratulations,” from us, you’ll have the money you need to make those dreams of a brand-new kitchen or paying for your kid’s college, a reality. 
NMLS Loan Origination Company ID: 462987

Get started today. Here’s how it works.

If you’ve found your first home, our First-Time Homebuyer Program gives you the knowledge, confidence, and support everybody needs. If you’re a seasoned homebuyer, you’ll appreciate Navigant’s approach: agile, responsive, and dedicated to simplifying your mortgage journey.

As with any major financial transaction (and it’s hard to think of a more important one than your home), how we all work together matters. Our promise: we’ll always react quickly to your questions, issues, and deadlines. Occasionally our team members may need you to react quickly, as well.

Thanks in advance – let’s get started!

This first step establishes your budget, telling you exactly how much home you can afford. We check your credit, verify your documentation, and approve a specific amount and loan program based on your income and debts.

Navigant Credit Union will obtain a credit report that shows your credit score and credit history as reported by third parties and respected institutions. To learn more about credit scores and reports, click here.  If you haven’t seen your own credit report for a while, consider pulling it before we do and correcting any mistakes. Get your free credit report here.

When you find a home you love and make an offer, your mortgage pre-approval makes the seller confident about accepting it – and may even put it ahead of other, higher offers that are not pre-approved.

Requirements

Your mortgage application will require information from several documents. Click here to download a printable PDF of the full list of required documents.

When you’ve found your home, connect with one of our mortgage specialists. He or she will take you through the various loan options, help you choose the one that’s right for you, and go over the documents you’ll need to finalize your application.

After you provide us the required information (see below) we’ll produce the Loan Estimate.1

Requirements

Here’s the property information you’ll need to provide on your loan application. Your real estate agent should be helpful in gathering some of it.

  • Street address
  • Expected sales price
  • Type of home (single family residence, condo, etc.)
  • Size of property
  • Real estate taxes (annual)
  • Homeowners Insurance
  • Homeowner’s association dues (HOA) – for Condo’s
  • Estimated closing date

Membership with Navigant Credit Union is required for us to process your loan request. If you’re not a member yet, click here to open an account now.

 

1. The Loan Estimate describes the terms and predicts the costs associated with your loan. By law, you must receive it within three days of your application.

Navigant Credit Union will arrange a seamless handoff from your mortgage specialist to one of our Loan Processors. He or she gathers the necessary documentation and assembles a complete package for the underwriter.

Requirements

At this stage, Navigant pulls your credit report (if we haven’t already for a pre-approval), verifies your employment and bank deposits, orders a property inspection (if required), and orders a property appraisal and title search.

Click here to download a printable PDF of the full list of required documents.

The underwriter is a key team member, making sure you match the requirements of the loan product for which you applied. (For example, if you’re getting a VA loan, the underwriter will verify your military service.)

After the underwriter approves your mortgage, and before the closing, the interest rate for your loan is locked and can’t change.

Requirements

We will verify your application and let you know if we need more information about any of the following:

  • Fully signed P&S with all addendums/amendments
  • Sufficient assets to close
  • Sufficient home insurance to cover your loan amount
  • Documentation of any additional debt obtained after you applied for your loan
  • Fully signed construction contract for construction loans
  • Completed tax returns
  • Full list of all properties owned
  • Full list of all businesses owned
  • Completed documentation of any private mortgages

Before closing on your mortgage, you can expect to receive documents required by state and federal law as well as contractual documents.

Three days before the closing, you have the right to receive and review the Closing Disclosure1. We also order title insurance before the closing so that you can walk away from the closing with the keys to your new home.

Requirements

Check on your closing costs. If closing costs are not rolled into your mortgage, talk to your loan officer about how you’ll transfer the closing costs either electronically or via cashier’s check.

Closing costs include settlement fees (the cost of doing the loan) plus any prepaid expenses such as taxes and insurance put in an escrow account2.

Not all mortgages have an escrow account. If your mortgage loan does not have an escrow account, then you’ll be paying your property taxes and homeowners insurance directly. You can decide if you would like us to escrow for insurance and/or taxes. Escrow is required if the loan to value ratio is greater than 80%.

 

1. A Closing Disclosure is a statement of the final loan terms and closing costs. In most cases, this document should be compared with your Loan Estimate.
2. An escrow account allows you to pay your homeowners insurance, flood insurance, and property taxes monthly as part of your mortgage payment, instead of in a large lump sum. This helps organize monthly finances, and avoids delinquent payments, late fees, or lapses in coverage.

It’s time to sign a stack of documents and complete your transaction. If everyone involved understands the terms and the documents they’ll be signing, the closing itself should go quickly.

Requirements

Please bring:

  • Two official forms of identification such as a driver’s license and passport.
  • Your checkbook for “cash to close” and any small differences in the estimated balance owed and the final amount.
  • If home insurance proof is still outstanding (it shouldn’t be), a binder that shows sufficient coverage.

We’re ready when you are.

Thank you for your interest in financing your new home with Navigant Credit Union. We have an efficient process from start to finish, experts to guide you, and we all work to exceed your expectations.

Get Rewarded for Selling or Buying with HomeAdvantage

HomeAdvantage® can help you search, buy, sell and save on your next real estate transaction! Use it to find the home of your dreams, sell your existing home, research the market, connect with a top local agent, and save money at closing! All this is available to you, at no cost!

Online & Mobile Banking may experience service interruption on Saturday, May 18th from 9:00pm – Sunday, May 19th 5:00am due to system maintenance. We apologize for the inconvenience.