Home Products
Purchase/Refinance
If you are looking to purchase your first home, upgrade to a larger home, or refinance your existing home, Impact Credit Union can help. We have financing options for up to 30 years. Pre-approvals are available as well.
Financing is available for up to 95 % of the purchase price for new homes and up to 95 % of your home’s value for refinances.
At Impact Credit Union, you’ll never have to worry about prepayment fees.
Home Equity
The equity accumulated in your home may be used to obtain extra cash for any worthwhile purpose such as home remodeling, debt consolidation, college tuition, wedding, vacation, medical or other expenses.
Impact Credit Union is different than many traditional banking sources in several ways. Not only do we offer competitive rates, but you will receive the added benefits of no application fees or closing costs. Some additional features of our Home Equity Loans are:
- No pre-payment penalty
- All Title, Recording, Appraisal and Flood Search Fees are paid by the credit union
- Credit advances available for up to four years
- Home Equity checks available at no cost
The interest on this loan may be tax deductible. Consult your tax advisor for deductibility of interest.
Construction Loans
Making plans to build your dream home? Impact Credit Union can help. We can provide your construction financing. With our Construction Loan, you’ll pay interest only during the construction period and you’ll only need one loan closing. When your new home is complete, your construction loan will automatically convert to a regular mortgage loan.
Bridge Loans
In between homes? Impact Credit Union can ease your transition from your old home to your new home with a Bridge Loan.
