MCU-Serviced Loans and Home Equity Loans

An in-house mortgage may be the perfect option for you. We make local underwriting decisions and service the loan, commit to fast closing times, and make it our mission to find you the perfect loan. Look through our in-house loan options below and consider the following: 

  • Monthly installment mortgages have lower fees and offer competitive rates.
  • In-house loans feature a $395 application fee, plus other incidental fees such as title insurance, flood certificate, credit report, filing fees, and evaluation fee.
  • Our maximum loan-to-value (LTV) is 90% on approved credit (OAC) without mortgage insurance, but this may vary depending on loan options and additional credit.
  • Land loans available - call us for details.
  • Residential property must be located in Montana to meet our in-house lending guidelines. If you are looking at properties out of state, please click on our secondary market mortgage options.
  • Terms and conditions can change without notice.

HELOC

 CURRENT PROMO RATE OF 6.99% for First 3 Years

  • Ideal for home improvement
  • Up to 80% of value
  • Seven year draw period
  • First or second lien position
  • Owner occupied only
  • Minimum payment $250 or interest, whichever is greater
  • After draw period, eligible to amortize repayment over a 10 year period
  • Variable rate based on an index  - Wall Street Journal (WSJ) prime plus a margin O.A.C.
    • Current Index is 6.75%
    • Index subject to change at any time
  • No annual fee
  • No prepayment penalty
  • No required draw when opened
  • Reprices once per year
  • Maximum repricing annually is 2%
  • Maximum lifetime rate is 10.50%
  • Minimum draw $100
  • Accessible online

CLOSED-END MORTGAGE

  • Up to 15 year repayment term
  • Finance up to 90% of Value
  • Fixed rate for the life of the loan
  • No prepayment penalty
  • Owner occupied Primary/Vacation/Second homes-1st Lien *no investment properties*
  • Accessible online
  • Rates 4.74% - 10.49% OAC
  • First lien position may require escrows
  • Second lien up to $300,000
    • Owner occupied ONLY
  • Purpose can be for purchase or home equity

BALLOON
 

  • Finance up to 90% of Value
  • Owner-occupied only!
  • Amortized up to 30 years
  • Balance due in up to 15 years
  • Fixed rate
  • No prepayment penalty
  • First lien position only
  • Escrows required
  • Accessible online
  • Rate's 4.74% - 9.24% OAC

Manufactured Homes                                                                                                                                         

  • Amortized up to 15 years
  • First lien position fixed rate
  • Call for rates
  • Age of collateral is restricted

Start your mortgage application today!