Special 10-year fixed rate mortgage loans

We guarantee your rate for 10 years! We can refinance your first mortgage loan with no points or application fees, and low closing costs.

Featuring a 10-year, fixed rate mortgage with a 10-year amortization at our base rate of 5.8% APR, or 5.55% APR with payroll deduction or electronic repayment. Other rates and terms are available.

Contact the loan department at 414-649-7948 for more information, or fax a request for a loan application to 414-643-1496.

* APR is the annual percentage rate. Membership eligibility required. For example, a 10-year fixed rate mortgage loan of $50,000 would require 120 monthly payments of $544.01 at 5.55% APR. The advertised APR of 5.55% is available only on mortgages with an 80% loan-to-value and a 10-year amortization with payroll deduction or electronic repayment. Equal Housing Opportunity. Other rates and terms are available. All loans subject to credit approval.

All rates subject to change without notice. Other restrictions may apply. Property insurance required. Closing costs range from $200 to $800.

First Mortgage Loans

When you are in the market to purchase a new home or looking to refinance your present mortgage loan, see your credit union.

Financing available up to 97% of the value of your home.
Private Mortgage Insurance (PMI) is required if the down payment is less than 20% of the home's value.
Private Mortgage Insurance allows you to own your own home with as little as a 3% down payment.
Save an additional .25% off the rate with payroll deduction or electronic repayment.
Loans can be repaid up to 30 years and are subject to credit approval.
No points or application fees.
We service all of our loans.
No prepayment penalty.
Low closing costs.

For current rates, click here.

The following items are required to process your application:

Proof of income.
Copy of your Property Tax bill.
A Real Estate Appraisal (please let us know if you have an appraisal less than one year old).
Copy of your Homeowners Insurance.
Title Insurance Policy.

Second Mortgage Loans

Competitive rates and excellent service are what members expect at Aurora Credit Union. Whether you are looking for a fixed rate loan or an open line of credit see your Credit Union.

Financing available up to 90% of your home's value.
Save an additional .25% off the rate with payroll deduction or electronic repayment.
For closed end loans the rates are guaranteed up to 5 years.
Closed end loans feature a 5 year fixed rate, with 10 year amortization, and a balloon payment feature due after 5 years.
Loans are subject to credit approval.

The following items are required to process your application:

Proof of income.
Copy of your Property Tax bill.
A Real Estate Appraisal (please let us know if you have an appraisal less than one year old).
Copy of your Homeowners Insurance.
Title Insurance Policy.

Home Equity Lines of Credit

Home equity line of credit has a variable rate equal to the prime rate, are subject to change monthly. The rate as of Sept. 20, 2005 was 6.75% APR.
The minimum monthly payment on the line of credit loans is 2% of the outstanding balance.
The minimum check amount is $200.
No points or application fees, closing costs range from $200 to $800.
Private Mortgage Insurance (PMI) is required if the mortgage loan exceeds 80% of your home's value.
Private Mortgage Insurance allows you to own your own home with as little as 3% down payment.
Property insurance is required.
Consult your tax advisor for interest deductibility. Your rate may increase but will never exceed 18% or go below 4%.

How to apply

Please contact the Loan Department at (414) 649-7948 or (888) 530-9555. Click here to go to our Application Forms page.

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