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HOME LOANS

FIND YOUR WAY HOME

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BUYING MADE EASY

Whether you’ve just started the home-buying process or you’re ready to sell and buy a new one, we have the resources to help. We also offer refinancing options and a Home Equity Line of Credit for wherever you are in life. Let us help you find your way home!

HOME LOANS

Why buy a home with help from a stranger? At Latah CU, your lenders just might be your neighbors.

  • Competitive rates for home purchase, refinance, or construction
  • Available for primary residence, second homes, vacation homes, or investment properties
  • Amounts up to $500,000 available
  • Terms up to 30 years available
  • 80% loan to value, borrower responsible for closing costs
  • A wide range of terms customized to your unique situation
  • Helpful loan advisors with working knowledge of the local real estate market
  • Free pre-approval for extra confidence when it comes to securing financing
  • Local decision-making and processing in Northern Idaho

MOBILE HOME LOANS

Let us help you secure affordable financing for your mobile home. With local decision-making, you’ll have an answer back fast.

  • Mobile homes must be manufactured after 1976 and owner-occupied to qualify
  • Competitive rates for single and doublewide mobile homes located in a park community
  • Mobile homes must be located in North Idaho or adjacent counties
  • Flexible repayment terms (up to 15 years) to work with your budget
  • Free pre-approvals
  • Purchase money loans are 85% loan to value. The borrower is responsible for closing costs
  • Local decision-making and processing in Northern Idaho

HOME EQUITY LINE OF CREDIT (HELOC)

Finance a home renovation, a vacation, and more with a line of credit — backed by the equity in your home.

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • Variable Rate
  • Loan to value maximum of 80%
  • Minimum loan amount is $10,000 and maximum is $100,000 based on the existing equity of your home
  • 5-year draw period with accommodating repayment terms
  • Revolving credit – as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible*

*Consult your tax advisor

SECOND MORTGAGE LOAN/HOME EQUITY LOAN

Put the equity in your home to work for you with fixed terms that give you peace of mind.

  • Fixed rate
  • Must be owner occupied
  • Receive funds in one lump sum
  • Loan to value maximum of 80%, borrower responsible for closing costs
  • No pre-payment penalty
  • Interest paid may be tax deductible*

*Consult your tax advisor

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THANK YOU FOR YOUR INTEREST IN JOINING OUR TEAM

To apply, please submit your resume to info@latahcu.coop