No two members are exactly the same, so why should their lending experiences be? When you partner with AmeriCU, you have access to a wide variety of loan programs designed to meet the needs of almost any credit union member. We believe that everyone deserves access to affordable home financing and we honor our commitment to that goal with our unique, one-on-one approach to the mortgage process.
Our product catalogue was built to provide credit union members with home financing solutions to fit their specific needs. As a credit union partner, you’ll have access to all of our loan programs, including the innovative FHA 203(k) loan, as well as access to industry leading technology and an accessible sales support staff. Read below to learn more about the many products we offer.
A conventional loan is our most popular mortgage option for borrowers looking to purchase or refinance a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).
An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.
A VA loan is a mortgage that is backed by the Department of Veterans Affairs for veterans, active military personnel and military spouses who qualify. With no down payment requirement and competitive interest rates, it’s a great choice for eligible applicants.
USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture. USDA loans are geared towards low-to-moderate income families looking to finance a home. They offer low interest rates and no down payment is required.
An FHA 203(k) loan is an FHA loan that provides borrowers with the opportunity to combine renovation costs with their mortgage financing. This those costs to be spread out over the life of your loan and offers lower interest rates and longer loan terms than traditional home improvement loans.
A jumbo mortgage is a home loan for an amount that exceeds conforming loans limits set by the Federal Housing Finance Agency (FHFA). These loans are designed to finance luxury homes as well as properties in highly competitive real estate markets.