Financing of non-owner occupied rental properties is pretty much the same as for residences, with the exception that maximum loan to value is 75%. The maximum term is 15 years with a balloon and payments amortized over 25 years.

Closing costs are quite low compared to the costs normally associated with fixed rate real estate loans. There are no points or origination fees. There is a loan processing fee of $225.00. Other costs are normally limited to the actual cost of appraisal, title insurance, filing, flood plain certification, and a closing agent if closed outside of the credit union office.

Variable rates on real estate loans made before June 1, 2000 are subject to adjustment as frequently as each calendar quarter and are set at the discretion of the Board of Directors. Rates on loans made after June 1, 2000 are subject to change in any month. There is no internal or external interest rate index.

Real estate loan applications are not available on line.
Please call 800-323-2786 or 402-431-5180 for information.

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