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Community of Healthcare Employees Credit Union offers first mortgages requiring the credit union to be in first mortgage lien position. CHECU will finance up to 80% of the appraised value minus outstanding liens/mortgages for up to 15 years. If there are outstanding mortgages, CHECU would need to pay them off in order to be in first lien position. In general, closing costs range from $200 to $550 depending on documents needed. Community of Healthcare Employees Credit Union holds all mortgages in house and per policy does not sell and/or transfer CHECU mortgages to a second party. Due to the many options available, please contact the credit union for complete details. |
