Full Doc
A full doc loan is one that requires that the borrower present all necessary documents, including income verification to be considered for the home loan. This type of loan usually offers lower rates because it is less risky for the lender. By providing us with more information, you can optimize the benefits of your financial status.
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Fixed Rate Mortgages
A Fixed-rate mortgage is a mortgage with payments that remain the same throughout the life of the loan because the interest rate and other terms are fixed and do not change. This gives you, the borrower, extra security throughout the life of your mortgage allowing you to balance your budget easier and not have to concern yourself with change in the rate.
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Adjustable Rate Mortgages
Adjustable Rate Mortgages (ARM) are mortgages in which the interest rate is adjusted periodically based on a pre-selected index. To limit the borrower’s risk, the ARM will have a rate cap. This type of mortgage traditionally has a lower start rate for a specific period of time which may allow you, the borrower, to qualify for a larger loan. The disadvantage to this type of loan is that your interest may adjust upward and your payment could increase.
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Refinance
Refinancing is the repayment of a debt from the proceeds of a new loan using the same property as security. We also consider the current owners placement of financing on a property that is not financed as a refinance transaction. Here at CU Mortgage Service we can guide you in the decision on whether or not to refinance your current mortgage. In the past, refinancing meant balancing the savings of a lower monthly payment against the costs of refinancing. However, in recent years, mortgage lenders have introduced low-cost refinancing packages that minimize the out-of-pocket expenses of refinancing.
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Purchase
One of the most exciting events you will ever encounter is purchasing a home. If you are a first time buyer or an experienced investor, we will make the process quick and painless.
Purchasing a home is the American Dream, however it can be difficult for some to collect the funds needed for a down payment. Fortunately, there are many programs to assist you if you have a small down payment or no down payment at all. A CU Mortgage Service Loan Professional can guide you through the precise requirements of the individual programs to best fit your individual requirements.
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First Time Buyers
Many people dream of owning a home, but the home loan process can be confusing for many first time homebuyers. We offer first time homebuyers many forms of assistance in finding the perfect loan to fit their needs. Our Mortgage Professionals will work with you and your family’s individual needs to make your dreams a reality. Many first time homebuyer programs require little or no down payment.
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Debt Consolidation
At CU Mortgage Service we understand the issues surrounding debt consolidation. We are here to help you effectively work with the consolidation and payments of multiple debts with one mortgage loan. To better understand your options contact us and we will review your individual needs.
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Construction Loans
A Construction Loan is simply a short-term interim loan to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as he or she progresses. There are many benefits to these loans because of their convenience and versatility.
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FHA & VA Loans
Also known as The Federal Housing Administration (FHA). There is a 3% down payment required. This program offers more lenient credit guidelines than conventional financing. With the FHA, both fixed and adjustable rate loans are loans available.

The Department of Veterans Affairs (VA) requires no down payment or Private Mortgage Insurance (PMI). This loan is available for qualified veterans only.
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