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Mortgage loans are handled by a trained mortgage professional who will help you finance your dream home or refinance your existing home. Cornerstone offers a full array of mortgage lending products designed to meet all your home buying needs.
- Conventional Fixed Rate Mortgages
Fixed rate mortgage terms range from 10 years to 40 years and have a variety of rate/fee options. With a fixed rate mortgage, your interest rate is set for the life of the loan. You will never see an interest rate increase during your original term.
Jumbo Mortgages
Mortgages of more than $640,000.
Adjustable Rate Mortgages
Adjustable Rate Mortgages are dependent upon market conditions, therefore, your interest rate may increase or decrease at the end of each adjustment period. All ARMs are rate capped so you will always know the maximum adjustable rate. Terms offered include: 3 year fixed then adjusting annually; 5 year fixed then adjusting annually; 7 year fixed then adjusting annually; and 10 year fixed then adjusting annually.
Construction Mortgages
A Construction Mortgage will allow you to build and finance your dream home. Different types of Construction Mortgages exist for your convenience.
Bridge Loans
A Cornerstone Bridge Loan is a Home Equity Loan available to qualifying members in conjunction with a Cornerstone Construction Loan.
Balloon Rate Mortgages
Available in popular terms of 5 and 7 years with amortization over a 30 year term.
VA and FHA Mortgages
Self-Employed Mortgages
Interest Only Mortgages
What Makes Cornerstone's Mortgage Program Unique?
- Free Pre-Approval Process
Pre-approvals on mortgage loans are offered and encouraged. Depending upon current market volume, you will know, in as little as two hours, how much money you will be able to finance. Pre-approvals are good for three months and you may request an extension if necessary.
- Fast Approval Process
A mortgage approval may take as little as one hour.
- Quick Processing/Closing Time
The entire process can be completed in as little as two weeks.
- Financial Planning
When needed, Cornerstone FCU will help you with financial planning and counseling.
- Low Closing Costs
CFCU holds closing costs to a minimum. Only necessary and legitimate costs are passed on to the member.
- Payment by Payroll Deduction
CFCU offers the convenience of payroll deduction/direct deposit for mortgage payments.
- Competitive Rates
Competitive interest rate and points with competitive terms too.
For the most current rates available or for details on any of our mortgage lending programs, simply call our Mortgage Loan Officer at (717) 249-8711, ext. 225 or send her an email.
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