1st Mortgage

1ST MORTGAGE LOANS

Foothills Credit Union offers a variety of loans at flexible rates and terms to meet your real estate needs. With local underwriting, servicing, and decision-making authority we can service your loan immediately. Experienced loan officers can answer questions and guide you to the right loan. Construction, lot, and commercial loans are also available.

 

1ST MORTGAGE

Do you know that Foothills Credit Union offers 1st Mortgages? A mortgage is a big investment. Make sure you have an experienced partner, like the credit union, on your side during this process. All first mortgage requests must be deferred to lending personal for privacy and documentation controls. Foothills CU also has a mortgage lending partner in Centennial Lending, their guidelines will be followed and you can view Rates for 1st mortgages on their website. They are credit union owned (Foothills CU is one of the owners) and can help you find the most competitive loan. Contact one of our loan officers at 720-962-8200 to discuss your mortgage needs.

  • Maintains original rate throughout the life of the loan, so you have the same payment each month
  • Market conditions will not affect your fixed interest rate
  • The credit union offers 10 year, 15 year, 20 year, and 30 year fixed rate mortgage terms
  • Only 10% down need to remove mortgage insurance
  • Get today’s rates through our partner Centennial Lending
 

Government Home Loans

  • FHA 15 & 30 year fixed, and VA 15 & 30 year loan options available
  • Much smaller down payment required compared to traditional 1st mortgages
  • First time home buyer options available
  • Must meet certain criteria for eligibility, contact the credit union for more information

 

Please contact or visit the Credit Union to apply for a mortgage loan.

Foothills Credit Union is federally registered with the Nationwide Mortgage Licensing System. NMLS is a free service for consumers to confirm that the mortgage loan originator with whom they wish to conduct business is federally registered. To verify the status of your Foothills Credit Union mortgage loan originator, visit nmlsconsumeraccess.org. Foothills Credit Union real estate loans are only available for Colorado property.

2nd Mortgage

2ND MORTGAGE LOANS

Foothills Credit Union offers a variety of loans at flexible rates and terms to meet your real estate needs. With local underwriting, servicing, and decision-making authority we can service your loan immediately. Experienced loan officers can answer questions and guide you to the right loan. Construction, lot, and commercial loans are also available.

 

2ND MORTGAGE

Use the equity in your home to receive cash for home improvements, tuition, debt consolidation or any other needs!

  • Low Fixed Rate
  • 10 & 15 year terms available
  • Up to 90% Loan to Value available
  • No pre-payment penalties

 

Please contact or visit the Credit Union to apply for a mortgage loan.

 

Loan TypeTermLowest RateAPR*
90% LTV60 Month (5 Yr)6.00%6.41%
90% LTV120 Months (10 Yr)7.25%7.47%
90% LTV180 Months (15 Yr)8.25%8.41%
90% LTV240 Months (20 Yr)Not Currently OfferedNot Currently Offered

*APR = Annual Percentage Rate. The annual percentage rates listed are our best rates. Your rate may be higher depending on credit history and underwriting criteria. Rates and terms are accurate as of February 1, 2024 and are subject to change. These rates are only for 2nd Mortgages, please contact the credit union for 1st mortgage loan rates.

* Fixed rate – rate is dependent on Loan to Value (LTV) ratio, term, and credit history *APR = Annual Percentage Rate. Rates and terms are subject to change without notice. The APR shown is for well qualified borrowers. Your interest rate (APR) will be based on creditworthiness, loan term, and with approved credit (W.A.C.). Example: $50,000 2nd mortgage with an APR of 6.50% for 120 months would have a monthly payment of $567.97. Other rates and terms are available. Some restrictions may apply. Some interest payments are tax deductible. Consult a tax adviser for further information regarding the deductibility of interest and charges. **$100,000 is max loan amount

Home Equity Line Of Credit

HOME EQUITY LINE OF CREDIT

Foothills Credit Union offers a variety of loans at flexible rates and terms to meet your real estate needs. With local underwriting, servicing, and decision-making authority we can service your loan immediately. Experienced loan officers can answer questions and guide you to the right loan. Construction, lot, and commercial loans are also available.

 

VARIABLE RATE HOME EQUITY LINE OF CREDIT (HELOC)

Most people’s biggest asset is their home. Why not put the equity in your home to work for you. A HELOC does just that, it uses your home as collateral for a revolving line of credit that can be used for anything you can think of from home improvements to education expenses. Rate is based on Wall Street Journal Prime Rate. Rate and payment may change quarterly. Current Prime Rate is 8.50%.

  • Low Rate
  • Different HELOC programs to pick from
  • Up to 90% Loan to Value
  • There is a minimum floor limit of 3.99% – 4.75% depending on the HELOC program

 

Please contact or visit the Credit Union to apply for a mortgage loan.

 
 *Variable rate, based on prime rate plus a margin that is based on loan to value (LTV) ratio & credit history. Rates and terms are subject to change without notice. *The APR shown is for well qualified borrowers. Your interest rate (APR) will be based on creditworthiness, loan term, and with approved credit (W.A.C.). Other rates and terms are available. Some restrictions may apply. Some interest payments are tax deductible. Consult a tax adviser for further information regarding the deductibility of interest and charges.
 
Loan TypeLoan DetailsRatesCredit Score
Bronze (90% CLTV)Prime Rate Plus (+) .50%

Prime Rate 8.50% + .50% = 9.00%

Floor Limit = 4.75%

Credit = W.A.C.*

Silver (85% CLTV)Prime Rate

Prime Rate = 8.50%

Floor Limit = 4.75%

Credit = A or B

Gold (80% CLTV)Prime Rate

Prime Rate = 8.50%

Floor Limit = 4.75%

Credit = A

Platinum (75% CLTV)Prime Rate

Prime Rate = 8.50% - 1% = 7.50%

Floor Limit = 4.75%

Credit = A

*APR = Annual Percentage Rate. CLTV = Combined Loan to Value. W.A.C. = With Approved Credit. The annual percentage rates listed are our best rates. Your rate may be higher depending on credit history and underwriting criteria. Rates and terms are accurate as of February 1, 2024 and are subject to change. As of July 27, 2023 prime rate is 8.50%.

Mortgage Refinancing

MORTGAGE REFINANCING

You may be able to save a lot of money by refinancing your mortgage with Foothills Credit Union. Refinancing a mortgage may lower your rate and monthly payment. Our knowledgeable and licensed lending team can help you find a mortgage option that best fits your needs and budget. We have a variety of low rate & low closing cost mortgage programs to pick from.

 

BEGIN WITH A MORTGAGE REVIEW

Before you start the mortgage refinancing process, let a Foothills loan officer review your current mortgage situation, and determine if refinancing your mortgage is a good option for you. Call the credit union lending department to set up a review.

Please contact or visit the Credit Union to apply for a mortgage loan.

Fees

Fees for real estate loans can vary, and they include (but are not limited to):

  • Appraisal
  • Title Policy
  • Filing Fees
  • Document Preparation
  • Origination

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Disclaimer: This is an informational and educational tool, calculations are not offers, and results are not guaranteed because accuracies depend on individual circumstances..
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