 Residential
First Mortgage Loans
Buying a home is
one of the most exciting purchases you will make. Providing you with
the right financial tools to make this purchase is part of the OECU
mission to assist you in enhancing your financial well-being.
When it's time to
look for a new home or to refinance the loan on your existing home,
OECU provides you with a choice in Mortgage Loan products and an easy
application process.
Also, when the need
arises to take advantage of the equity you have in your home, OECU
is ready to provide you with a convenient tool to make use of your
home's accumulated equity.
1st Mortgage Loan
Products
OECU provides both
purchase and construction loans for residential property. A variety
of product terms are available. Don't forget that you can be pre-approved
for a Mortgage Loan before you even start looking for your home.
- Fixed Rate Mortgages
- Adjustable Rate
Mortgages (ARM)
- Purchase or Refinance
Loans up to $359,650
- Investment Property
Mortgages
- No Down Payment
Home Buyers Program
- Jumbo Loans
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Home
Loan Checklist
The home loan checklist
includes the documents that you will need to have available when the
1st Mortgage Loan Application is completed.
- Prior year W2s
or Federal Tax Return if self-employed
- Most recent pay
stub showing year-to-date earnings
- Documents of
other income sources that will be considered in the repayment of
the loan
- Most recent statements
for Checking, Savings and Investment Accounts
- Listing of all
outstanding loans, credit cards and other debts
- A gift letter
from the person giving you any gift of money or property to assist
you in the purchase of your new home
Residential First
Mortgage Loans
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