Mortgages Made Easy With Metro Credit Union
Nothing is more important than having a roof over your head. A mortgage with Metro Credit Union is the perfect way to confidently and safely invest in a home or real estate. We’re here for you every step of the way. Whether it’s your first house, or you just need to refinance your current home, Metro Credit Union is dedicated to helping you find the perfect mortgage and make the process as easy as possible.
Whether you are a first time home buyer, looking for a conventional loan, cash out refinance of your mortgage, or open a home equity line of credit (or HELOC), our mortgage specialists will guide you through the home loan process and ensure that you get the right kind of home loan you need, at the lowest rate possible. Our mortgage team is highly experienced in all banking services so you can trust Metro Credit Union to get the loan paperwork completed properly and quickly.
After closing the relationship doesn’t end there. Your loan will either be serviced in-house by Metro or by one of our partners Mortgage Member Services (MMS) in which we have an ownership interest in. So don’t worry, either way your mortgage is not too far away.
We offer competitive rates with multiple loan options to help you achieve your dreams! Find out more information on our different mortgage offerings below.
Why Open a Mortgage?
Home Ownership
Tax Benefits
Equity
Better Credit
Types Of Mortgages At Metro Credit Union
Conventional Home Loans
With a conventional home loan, you can expect low and flexible down payment rates. Metro Credit Union offers a variety of down payment options. In addition, we also provide some of the lowest and most competitive interest rates. You can always access your mortgage online through our convenient portal. You will also have the experienced loan professionals at Metro Credit Union to help you find the perfect interest rate and down payment for your budget.
HELOC
A HELOC, or Home Equity Line of Credit, is a revolving line of credit that you can use to make larger purchases with, much like a credit card. The line of credit is borrowed against the amount of your home that you’ve already paid off. Like a credit card, as you continue to pay off the mortgage, your borrowing limit is replenished. The major advantage of a HELOC is that you can expect much lower interest rates than a credit card. With Metro Credit Union, financing is available for up to 90% of the appraised value of your home.
Cash Out Refinance Loans
As you pay off your mortgage, the amount you have paid off in your home turns into equity. A cash out refinance loan allows you to take the equity out of your home in the form of a cash payment. You will then be able to negotiate a new mortgage to refinance your home. Cash Out Refinances are a great way to get back some of the money you have already invested in your home. At Metro Credit Union, you can expect Cash Out Refinance Loan options with competitively low interest rates. Our loan experts ensure that the Cash Out Refinance process is quick and transparent, and we always keep closing costs to a minimum.
Mortgage Tips
- Check your credit score to help get a sense of what kind of mortgage you need.
- Decide how much of a down payment and monthly payment you can afford.
- Gather all of the necessary paperwork you will need to apply. This may include income and expense sheets, credit history and personal identity documents just to name a few.
- Check on your mortgage or loan any time through our convenient online portal.
- Keep an eye on how much equity you have available on your home to decide what HELOC or Cash Out Refinance loans may work best for you.
Benefits Of Opening A Mortgage With Metro Credit Union
Community Connection
Metro Credit Union operates with a mission to serve their members and the Springfield community we belong to. By choosing a open a mortgage with Metro Credit Union, you become part of a financial community dedicated to your financial success. The personalized service and community-focused approach set Metro Credit Union apart from traditional banks.
Competitive Rates and Low Fees
Metro Credit Union provides competitive interest rates for mortgages, allowing you to spend less for your home than you would at traditional banks. Additionally, Metro Credit Union typically offers lower fees, contributing to a more cost-effective loan experience.
Member Ownership
When you obtain a mortgage with a Metro Credit Union, you become a member and part-owner of the institution. This member-centric structure means that decisions are made with your best interests in mind, fostering a sense of ownership and accountability.
Personalized Service
Metro Credit Union prioritizes building relationships with our members. The personalized service you receive when opening and managing your mortgage can make a significant difference. Our staff will take the time to understand your financial goals and offer tailored solutions.
Open a Mortgage With Metro Credit Union
Ready to apply for a mortgage? One of the standout features of Metro Credit Union is the accessibility and simplicity we offer when it comes to applying for a mortgage. Fill out the form and a Metro Credit Union representative will be in touch shortly.