Mortgage Loans

Fixed Terms

CCU offers fixed term, conventional mortgage loans up to a term of 30 years.

CCU will finance up to 95% of the appraised value or sales price of the property based on credit score and debt-to-income ratios.

• Eligible properties must be located within 150 miles of CCU and within Tennessee, Georgia, or Alabama.

Construction Loans

One year interest only.

CCU will finance up to 80% of the projected appraised value.

A licensed contractor must oversee the building project.

HELOCS

A HELOC, or Home Equity Line of Credit, can be obtained for up to 80%* of the value of your home. A HELOC can be obtained on a 10 year draw period with a 10 year payback period with an adjustable rate of 2% above the Wall Street Prime.

*80% loan-to-value would include any other loans on the property