1st Mortgage Loans (CU Members)
- WyHy partners with CU Members Mortgage to offer our Members a wide variety of mortgage options.
- Visit CU Members Mortgage to apply or learn more.
- Members are able to finance the purchase of their new home, or refinance their existing loan, at competitive rates.
- Secondary market first mortgages are available for homes in all 50 states.
- One-time close options for construction loans (construction loan and the mortgage are closed at the same time to reduce costs).
- Financing is available for rental property as well.
- Repayment Terms: Up to 40 years
- Loan to Value: Up to 100%
- Interest Rates: Current secondary market rate
- Processing Fees: Fees will vary and are based on loan amount and loan to value. Fees may include, but are not limited to: origination fee, appraisal fee, processing fee, recording fee and title insurance.
- Early Payoff Penalty: None
- Late Fees: 5% of the payment, after 15 days late
- Interest: Monthly 360 day accrual
- Monthly Payments: Payments can be mailed, made online or processed through auto-deduction.
- Statements: Mortgage account can be viewed by accessing Colonials Savings' website at http://www.colonialsavings.com.
