Real Estate Loans

We understand that real estate financing is a critical part of your financial portfolio, and we're here to help at Greater Woodlawn Federal Credit Union. Whether you're buying a first home, refinancing an existing mortgage, or need a home equity loan, we can provide you with a wide variety of solutions.

For more information or to apply for one of our home loan solutions, visit our closest branch office.

We offer the following real estate loan types:

First Mortgage
First Mortgage "High LTV" Loans (Purchase or Refinance Loans with an LTV% of 80.01%-95.00%)
Mini Mortgage Loan
Retirement Home Loan
Land Loan
Home Equity
Home Remodeling Loan
Home Improvement Specials

Real Estate Loan Rates

Purchase Mortgage Loans

At Greater Woodlawn Federal Credit Union, we take special pride in helping families achieve their financial dreams. We offer competitive fixed-rate mortgage loans at an array of terms to fit the individual needs and desires of each family.

Advantages of a GWFCU Mortgage:

Terms available up to 30 years.
Low closing costs.
No prepayment penalties.
Convenient automatic payment transfers from your share savings account.
No escrow required.
5% minimum down payment required. Private Mortgage Insurance (PMI) is not required.

First Mortgage Loan Rates

Refinancing

Lower interest rates have made this a good time to refinance your mortgage.

With a lower interest rate, you can save thousands of dollars over the life of your mortgage. Take advantage of lower rates by:

Reducing the term of your mortgage. With a lower interest rate, you can pay your mortgage off faster while keeping your monthly payments about the same.
Lowering your monthly payments. If you prefer to keep the same mortgage term, a lower interest rate can reduce your monthly payments.

Home Equity

Whether you need money to buy a car, build an addition, send the kids to college, pay bills, or anything else, your home equity could be the key. You decide exactly how much you want to borrow, and your rate and payments are fixed over the life of the loan, with repayment terms as long as 15 years. If eligible, you can borrow up to 80% of the equity in your house. Even better, your home equity loan may mean certain tax advantages for you.

Home Equity Loan Rates

Real Estate Loan Rates

First Mortgage Loans - New Purchase & Refinance

  Term
    Amount
    APR* As Low As
  

  
      10 Years
      $20,000 - $650,000
      4.95%*
    

      15 Years
      $20,000 - $650,000
      4.95%*
    

      20 Years
      $20,000 - $650,000
      4.95%*
    

      25 Years
      $20,000 - $650,000
      4.95%*
    

      30 Years
      $30,000 - $650,000
      4.95%*
    

Term	Amount	APR* As Low As
10 Years	$20,000 - $650,000	4.95%*
15 Years	$20,000 - $650,000	4.95%*
20 Years	$20,000 - $650,000	4.95%*
25 Years	$20,000 - $650,000	4.95%*
30 Years	$30,000 - $650,000	4.95%*

First Mortgage "High LTV" Loans (Purchase or Refinance Loans with an LTV% of 80.01%-95.00%)

  
    LTV%
- 10 Years
    10+ - 15 Years
    15+ - 20 Years
    20+ - 25 Years
    25+ - 30 Years
  

    80% & Below
95%
95%
95%
95%
95%
  

01% - 85%
05%
05%
05%
05%
05%
  

01% - 90%
10%
10%
10%
10%
10%
  

01% - 95%
20%
20%
20%
20%
20%
  

LTV%	0 - 10 Years	10+ - 15 Years	15+ - 20 Years	20+ - 25 Years	25+ - 30 Years
80% & Below	4.95%	4.95%	4.95%	4.95%	4.95%
80.01% - 85%	5.05%	5.05%	5.05%	5.05%	5.05%
85.01% - 90%	5.10%	5.10%	5.10%	5.10%	5.10%
90.01% - 95%	5.20%	5.20%	5.20%	5.20%	5.20%

Loan Calculators Contact Us