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Mortgages
At McGraw-Hill FCU, you’ll find an expansive offering of mortgage and refinance solutions with the neighborly advice and personal guidance you deserve. We offer:
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  • Fixed and adjustable-rate mortgage options
  • Highly-competitive rates
  • Faster turnaround and lower closing cost options than area competitors - close in as few as 60 days
  • Jumbo mortgages up to $3 million
  • CO-OP Financing, including a down payment as low as 5%**
  • No pre-payment penalties
  • A full menu of mortgage options and an empowered financial wellness team committed to meeting your needs
Fixed-Rate Mortgages
  • Fixed-rate options from 10 to 30 years
  • No-point options
  • Loans offered on Primary and Secondary residences1 (single-Family, Co-Ops, Condos, and Townhouses)
Ideal if:
  • You want the security and peace of mind of a guaranteed fixed rate that won't change for 10 to 30 years.
  • You want your monthly principal and interest payments to remain the same for the life of the loan.
  • You plan on keeping your mortgage for an extended period of time.

 

Adjustable-Rate Mortgages
  • Interest rates typically lower than fixed-rate mortgages
  • Rate remains fixed for an initial period, then adjusts each year for the remainder of the term
  • Take up to 30-years to repay
Ideal if:
  • You don't plan on staying in your home for more than 1-5 years.
  • You would prefer a lower rate and monthly payments in the next 1-5 years and accept that your rate will vary after that period.
  • You want to build more equity in the next 1-5 years by making additional principal payments using the money you could save from having a lower interest rate.
 
Financial Wellness U
  • Discover our homeowners insurance options. Get started>>
  • Learn more about mortgage loans and the refinancing process, then, take advantage of our online tools to plan your next steps. Get started>>

Apply Now
Apply online now or contact a Financial Services Consultant at 1-800-226-6428.
 
 
*Loans are available to Credit Union members in good standing. Other terms and conditions may apply. **Some restrictions may apply. Programs are subject to change without notice. All borrowers are subject to credit approval.
**Some restrictions may apply. Programs are subject to change without notice. All borrowers are subject to credit approval. 
1Primary or Secondary residences must be owner-occupied or a vacation home, not an investment property.
The credit union makes loans without regard to race, color, religion, natural origin, sex, handicap or familial status.
 

Questions? Ask McClever.