Community Credit Union

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Community Credit Union

757 Redwood Drive
Garberville, CA 95542
Phone:(707) 923-2012

Mortgage Products

“Specializing in Self-Employed Borrowers & Rural Properties”
Current as of Oct. 1, 2008
LTV=Loan to Value
OAC=On Approved Credit

Home Equity Line of Credit (HELOC) -- Community Credit Union offers Home Equity Lines of Credit that can turn your dreams into a reality. These loans are ideal for people who want to use the equity in their home for home improvements as well as other large purchases such as autos, appliances, educational needs, etc. Make your home work for you.

* Minimum loan amount $5,000; Maximum amount $100,000
* Variable rate (OAC)
* Borrow up to 80% LTV
* Owner occupied primary residence
* Terms up to 15 years, including a 10-year draw period
* Rates depend upon credit score
* No application fee
* No pre-payment penalties
* Interest on HELOC may be tax-deductible-consult your tax professional
* Credit Life and Disability Insurance available

Equity Line of Credit (ELOC) -- Non-owner occupied property. Use the equity from property owned for a variety of projects; consolidate debt, finance school expenses, or take a vacation.

* Up to $100,000
* Variable rate (OAC)
* Maximum of 60 % LTV

1st Deed of Trust -- Whether you are looking to buy your first home or if it’s time to re-think your mortgage, Community Credit Union can help with a mortgage that fits your needs. We offer a great range of mortgage options and fast loan approval.

* Variable (OAC)
* Fixed rate(12 year note, 6 year call-owner occupied residence)
* Owner occupied 1st-80% LTV
* Rentals-80% LTV
* Improved property-70% LTV
* Unimproved property-60% LTV

Come speak with one of our loan professionals to see which loan works best for you!


Copyright 2009 Community Credit Union of Southern Humboldt.