(216) 920-2000
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Real Estate Loans

Rates are based on Member’s individual credit quality and subject to change without notice.

Mortgage Loans

Fixed Rate Mortgages are available in terms from 10 – 30 years on personal property as well as investment properties up to 4 units.  Mortgage rates are adjusted daily and are based on the individual credit quality of the borrower.  Generally we would require a loan to value ratio of 80% or lower.

Options also are available for Adjustable Rate, Balloon, FHA, VA and USDA loans.

For more information, call a Member Service  Representative at 216-920-2000.

Reverse Mortgage Loans

A reverse mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into cash without having to sell the home, give up title, or take on a new monthly mortgage payment. Reverse mortgages are available to individuals 62 or older who own their own home. A Reverse Mortgage is a non-recourse loan which means you cannot be liable for more than the fair market value of your home at the time you close the account.

For more information about Reverse Mortgages, contact Andrew G. Morean at 440-334-5269, ext. 206.

Home Equity Lines and Loans

Use the equity in your home to realize your dreams: renovate your home, consolidate debt or splurge on a special vacation.

Members may borrow up to 80% of the value of their home, minus their first mortgage balance. Members borrowing greater than 80% are subject to the current rate plus a premium.

Line of Credit*

Promotional Rate of Prime minus 1.50% APR for the first 6 months of the loan, then Prime Rate + 0% for the remaining term, currently 7.50% APR!

No application fee, closing costs or annual fee.

Draw period up to 5 years and 10 year repayment.

Only available for properties in Ohio.

Loan**

Fixed rates as low as 8.50% APR.

Term up to 15 years.

Available on properties nationwide.

* Home Equity Lines of Credit are variable rate lines of credit, indexed to the Prime Rate as published in the Wall Street Journal plus a margin determined by the Board of Directors. The interest rate on approved loans can change semi-annually on the first day of February and August. The rate will be determined 31 days prior to the change date. The maximum rate is 18.00% APR or that allowed by law. Members cancelling a Home Equity Line of Credit during the initial 5-year draw period will pay the remaining unamortized closing costs. Ohio residents only. Available only on Owner-Occupied Residence. Subject to credit approval from each member’s individual credit quality.

** Home Equity Loans are fixed rate loans with rates currently as low as 7.50% APR, effective as of June 1, 2025 and are subject to change. Contact us for current rate. Loan is subject to credit approval based on each member’s individual credit quality.