Home Loans

Home Equity Loan

Is your home worth more than you owe? If so, you might want to explore a Home Equity Loan from Pillar Credit Union. With a Fixed-Rate Home Equity Loan, you can turn the equity in your home into cash and use it for anything you want, from home improvement projects to a much-needed family vacation.

Our Home Equity Loan applications are given special priority and processed quickly to give you a fast response.

Mortgages

Let Us Help You Find the Perfect Home!

Going from “can we?” to “we can!” is something we love doing here at Pillar. With the fast-moving real estate market, you need to go into the process with certainty. Reach out to us to see if you’re pre-qualified.

Getting pre-qualified is like getting an estimate from a lender detailing how much of a loan you can likely afford. It serves more as a guide of what you may qualify for rather than a conditional loan approval.

Conventional Mortgages

• Fixed terms of 10, 15, 20, and 30 years

• 5% minimum down payment options

• Refinancing is available, including cash out, so you can access your home's equity for remodeling projects, debt consolidation, and life's other expenses

• Financing is also available for vacation homes and investment properties

HomeReady Loans

Have you been thinking about buying a home but not quite sure if you qualify for a Mortgage Loan? With a Pillar Credit Union HomeReady Mortgage, we’ll help you buy a home, hold onto savings, and save money throughout the life of your loan – with as little as 3% down. And unlike other home loans, your down payment and closing costs can be funded from a gift from a relative.

• $500 cash reward after the 60th on-time Mortgage payment

• Lower PMI or NO PMI options available (Private Mortgage Insurance)

• Smaller down payment (as a little 3% down)

• Helps first-time and repeat homebuyers obtain homeownership

• You can include non-occupied co-borrower income

Rural Development Loans (USDA)

If you thought U.S. Department of Agriculture (USDA) loans were just for farmers – think again. Program guidelines are very specific – but don’t let that stop you from achieving your homeownership goals. Many homes in Marion, Morrow, Crawford, Wyandot, Richland, and Hancock Counties meet the guidelines! Our USDA financing professional will help you navigate the USDA loan process and determine if you are eligible. Visit www.usda.gov to see if your potential home qualifies.

• 100% Mortgage LTV based on the APPRAISED value

• Zero down payment, and there is no minimum contribution required

• 30-year fixed-rate only

• Low-interest rates

• Flexible credit guidelines

• Not limited to first-time homebuyers

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