Real Estate 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
For more information about Reverse Mortgages, contact Andrew G. Morean at 440-334-5269, ext. 206.
Home Equity Lines and Loans
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 3.25% 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.
Fixed rates as low as 4.25% APR.
Term up to 15 years.
Available on properties nationwide.
** Home Equity Loans are fixed rate loans with rates currently as low as 4.25% APR, effective as of August 17, 2020 and are subject to change. Contact us for current rate. Loan is subject to credit approval based on each member’s individual credit quality.