Whether you’re looking for a place to call home, or you just want to spruce things up a bit — we’ve got the right team of home lenders to help you! Nebraska Energy Federal Credit Union mortgage loan officers are pros when it comes to Nebraska home loans and are here to assist you with every step you take toward your new place, starting with your loan options. Check our great lineup of loans below to learn more.
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|Adjustable Rate Mortgage||As Low As 2.90%||Closing Costs‡ waived if loan remains open for 36 months. Variety of repayment terms available. Contact our mortgage lending department for more information.|
|Construction Loans||As Low As 5.00%|
|15, 20 & 30 Year Fixed Rate||These loans are available on the secondary market. The Credit Union retains the servicing of these loans.|
|Term Buster Fixed Rate Mortgage||As Low As 2.50%||Closing Costs‡ waived if loan remains open for 36 months. Variety of repayment terms available. Contact our mortgage lending department for more information.|
Mortgage Loan Disclosures
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*APR = Annual Percentage Rate. The maximum APR that may be imposed is 18%. Subject to credit approval. Rates and rebates subject to change without notice. Loan approval, based on creditworthiness and ability to repay. Other terms and conditions may apply. Advertised rates and terms are subject to change at any time without notice.
Property insurance required.
Mortgage Lending Area: Nebraska, Iowa, Missouri, Colorado, Wyoming, Kansas, Oklahoma, South Dakota. Appraisals required on all purchases. Financing up to 80% of purchase price or appraised value, whichever is less. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment.
ARM = Adjustable Rate Mortgage: Interest rate is variable. Subject to change after a predetermined period and may increase during the life of the loan.
Adjustable Rate Mortgage Payment Example/ 6 Year ARM (Payments do not include taxes or insurance premiums):
|Periods||Rate %||Principle & Interest Payment|
|First 72 Months||2.500||$355.61|
|Following 72 Months||4.000||$416.09|
|Following 72 Months||5.500||$467.37|
|Following 72 Months||7.000||$505.83|
|Final 72 Months||8.500||$527.06|
15, 20 and 30 Year Fixed Rate Mortgages are available on the secondary market. The Credit Union retains the servicing on these loans. Some restrictions apply. Subject to credit approval.
‡Closing costs include: Application Fee, Termite Inspection, Credit Report, and Flood Certification. Closing costs are waived initially but later charged if the loan is paid off prior to the 36 months.
Payment Example (Payments do not include taxes or insurance premiums):
- $150,000 balloon mortgage loan with a 3.550% APR, the monthly payment will be $742.80 for 179 payments, with a balloon payment of $79,794.92 due in 15 years.
- $100,000 mortgage loan with a term of 15 years, with a 3.55% APR, the monthly payment will be $717.51
- $100,000 mortgage loan with a term of 20 years, with a 3.55% APR, the monthly payment will be $582.70
- $100,000 mortgage loan with a term of 30 years, with a 3.55% APR, the monthly payment will be $452.01
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