Citizens Community Credit Union

Real Estate Loan Programs

Purchasing a home is probably the biggest investment you will ever make. Our mortgage loan programs offer rates, closing costs, and fees that are very competitive! Currently, Citizens Community Credit Union offers the following programs:

Real Estate Loan Programs
Fixed Rate Mortgage	Features	Other Considerations
10 year fixed 15 year fixed 20 year fixed 25 year fixed 30 year fixed	Monthly payments are fixed over the term of the loan Interest rate does not change during the term of the loan Can refinance if rates go down	Interest rate and payments on fixed rate mortgage are usually higher than other types of mortgages Interest rate does not drop if interest rates decline
Balloon Mortgage	Features	Other Considerations
7 Year	Initial monthly payment is lower	Interest rate may be higher at the end of the initial term Risk of foreclosure if you can not make the balloon payment, or if you can not refinance
Home Equity Fixed Loan	Features	Other Considerations
	Fixed payments Interest paid may be tax deductible	Interest rate usually higher than on 1^st mortgage May be harder to refinance first mortgage
In addition to the above standard loan programs, we can also help you with debt consolidation programs and home improvement loans.

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