A home mortgage is one of life’s biggest decisions. Your UNIFY Loan Specialist understands that. From application to funding, your UNIFY Loan Specialist will walk you through your options, so you can walk around happy.
|Fixed Rate First Mortgage||Adjustable Rate First Mortgage|
|GREAT IF YOU||Want the security of a principal and interest payment that will never change and you plan to stay in your home for more than 10 years.||Need a lower rate and smaller payments to boost your buying power, and ease finances for the first years of the loan.|
|ALSO GOOD IF YOU||Want to refinance your current home loan to pay it off sooner—in 10-20 years.||Plan to move or pay off your mortgage in less than 10 years.|
|BORROW UP TO…||97% combined loan to value (CLTV) financing or up to 100% CLTV financing when combined with a UNIFY Down Payment Second Mortgage Helper.1||95% combined loan to value (CLTV) financing or up to 100% CLTV financing when combined with a UNIFY Down Payment Second Mortgage Helper.1|
|AMOUNTS OF||$50,000 up to $2,000,0002||$50,000 up to $2,000,0002|
|TERMS OF||15, 20 or 30 years||Fixed payments for 5, 7, or 10 years—adjustable thereafter6 — amortized over 30 years.|
|INTEREST RATE||Low fixed rate that will never increase. Lower your rates with upfront point fees.3||Low variable rate that will not increase by more than a set rate after the initial fixed rate period. Annual and lifetime interest rate caps.3|
|LOCK-IN…||A low rate up to 60 days.4||A low rate up to 60 days.4|
|TAKE CASH OUT||Refinance and use your equity for home improvements, debt consolidation and more.3||Refinance and use your equity for home improvements, debt consolidation and more.3|
|Home Equity Loan||Flex Rate Home Equity Line of Credit (HELOC)|
|GREAT IF YOU||Want a one-time, lump sum to cover a large expense, such as a major home remodel, vehicle purchase or debt consolidation.||Need flexibility similar to a credit card to handle recurring expenses, such as home improvements.|
|ALSO GOOD IF YOU||Want the predictability of fixed payment and end date.||Want an extended period of interest-only payments.9|
|BORROW UP TO…||80% combined loan to value (CLTV) financing.||90% combined loan to value (CLTV) financing.|
|AMOUNTS OF||$10,000 to $250,000.2||$10,000 to $250,000.2|
|TERMS OF||5, 10 or 15 years||15-year draw period, 15-year repayment.9|
|INTEREST RATE||Low fixed rate.||Low variable rate.9|
|LOCK-IN||Up to 3 fixed-rate loan locks, each for a minimum of 60 months.8|
Do you like to know what’s coming? Then you might want a fixed-rate loan. Enjoy consistent monthly principal and interest payments at a fixed rate.
A loan that adjusts to your needs. If you won’t be in your home long-term and want a lower monthly payment, this loan could be for you.
Need some flexibility in your life? We’ve got it! Enjoy a variable rate line of credit with a fixed-rate loan lock option. And, take advantage of interest-only payments!9 With no closing costs or annual fee, it's a no brainer.12
Need some cash? Whether it is for home improvements, an emergency or consolidating debts—you can access the equity in your home. With no closing costs, you have nothing to lose.12
Your dream home is in reach! The HomeReady® program, from Fannie Mae, is aimed to help credit-worthy, lower-income buyers. If you have limited down payment, you can take advantage of a conforming fixed-rate mortgage loan with as little as a 3% down payment.* Plus, you can use multiple income sources to fund your down payment.
Or, ready to get started? Apply for a UNIFY mortgage loan today!
*Payment examples for fixed-rate conforming mortgage rates
HomeReady® is a registered trademark of Fannie Mae
Looking for a zero money down option? We’ve got you covered with our Down Payment Second Mortgage Helper. Borrow up to 20% down payment when your first mortgage is with UNIFY.1
1Down Payment Second Mortgage Helper not available for the purchase of a second home or investment property. Must be combined with a UNIFY first mortgage product. Maximum combined financing for a UNIFY mortgage and Down Payment Second Mortgage is $1,000,000.
2Minimum loan amounts may vary by state. Approved loan amounts are based on borrower(s) and collateral meeting approval criteria including credit history, debts, ability to repay, home ownership, home value, and other factors.
3The following are subject to loan-level rate adjustments in accordance with federal guidelines: all condominiums, multi-units (up to 4 units) and cash-out refinances.
4Interest rate lock available after pre-approval and member indicates intent to proceed, including paying a $500 non-refundable fee. Loans must be funded within 60 days of locking interest rate. If 60 days expire, additional rate lock fees may apply.
5Must be a minimum of 50 miles distance from primary residence. Down Payment Second Mortgage not available in TX or on purchase of a second home/property.
6Rate subject to change annually after introductory period. Rate changes based on one year T-Bill (CMT) index plus a margin of 2.75%.
7Please consult a tax professional regarding your specific situation.
8APR=Annual Percentage Rate. “As low as” fixed rate loan lock APR assumes excellent borrower credit history including a minimum FICO score of 740, 80% or less loan-to-value (LTV) and a maximum 5 year lock term. Estimated monthly payment is $20.75 per $1,000 borrowed for 60-month term at 8.99% APR. Your rate may vary. Alternative term options are available and based on creditworthiness at time of loan origination and length of rate lock period. Maximum of three fixed-rate loan locks at any time. Rates and/or program subject to change without notice.
9This HELOC is a variable rate plan as described in the applicable loan documents. APR may vary based on the index rate plus a margin. The Index is the Prime Rate as published in The Wall Street Journal. On November 3, 2022, that index was 7.00%. The HELOC APR will never exceed 18.00%. Qualification and APR dependent on credit history, debt, loan-to-value, ability to repay, home ownership, and other factors. Collateral property must be owner occupied and property insurance is required. This HELOC has a 15-year draw period and 15-year repayment period. During the 15-year draw period, the minimum payment due each billing cycle will equal accrued finance charges (interest-only) and other applicable charges. The minimum payment will not reduce the principal balance. At the end of the draw period, the outstanding balance will amortize over a 15-year repayment period. Payments during the repayment period consist of principal and interest. You may pay certain fees to third parties, such as appraisers, credit report firms, and government agencies. These fees generally total $500-$1100. Rates and/or program subject to change without notice.
10Rebates are subject to state and federal law, and lender approval. The following states currently prohibit rebates: AK, AL, IA, KS, LA, MO, MS, OK, OR, TN. To take advantage of the program, you must call HomeBenefitsPlus before contacting an agent. No rebate is available if you call an agent directly. CA DRE #01345642.
11Maximum 80% CLTV if subject property is a second home, or if subject property is located in the State of Texas.
12Closing costs and origination fees waived for HELOC and Home Equity Loans as long as HELOC or HE Loan remains open for at least 36 months from date of closing. If HELOC or HE Loan is paid off and terminated within 36 months of closing date, closing costs and origination charges up to $500 will be added to the loan payoff amount. Transfer taxes (if applicable) are the responsibility of the borrower and not included in the closing cost waiver.
REALTOR® is a registered trademark of the National Association of REALTORS.
UNIFY Financial FCU NMLS ID: 613881
No problem. Just phone our Contact Center at 877.254.9328, available 24/7, and a UNIFY Representative will assist you.