Home Loans

FIND YOUR WAY HOME

HOME

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, or vacation homes, located in North Idaho or adjacent counties
Terms up to 30 years available
No pre-payment penalty
80% loan to value, borrower responsible for closing costs
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 for financing
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
No pre-payment penalty
Purchase money loans are 85% loan to value, borrower responsible for closing costs

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

LAND LOANS

Put down your roots with a land loan designed to help you secure the perfect piece of property. We’re here to help you turn your vision into reality—one acre at a time.