LOANS
CONVENTIONAL
Conventional loans are backed by Fannie Mae and Freddy Mac and are the most common loans on the market. Nuvision Federal Credit Union has a variety of Conventional loans available to help you purchase or refinance your mortgage.
VA
VA loans provide up to 100% financing for our veterans as well as lower interest rates and no PMI loans. Private lenders provide the loans and the VA guarantees a portion of the loan so that lenders can offer flexible financing for service members.
FHA
Contrary to popular belief, FHA loans are not only for first-time homebuyers. There are many options for first-time homebuyers. FHA can be an option for low down payments but are more useful for homebuyers and owners who may have credit issues and lower scores. FHA can provide great options for these hurdles.
FIXED SECONDS
Nuvision Federal Credit Union offers 15-year and 20-year fixed second mortgages at no cost to the borrower provided that the loans is held for 36 months. Second mortgages are a great way to finance large home projects, higher education, weddings and just about any other need that requires extra money.
PORTFOLIO LOANS
Nuvision Federal Credit Union is a portfolio lender which means we lend our own money. Lending our own money allows us to evaluate each loan application based on its own merit. This comes in handy in some cases where a loan doesn't fit perfectly into the standard guidelines. Have a unique situation? We may be able to help!