The process of receiving a mortgage loan can carry some fees depending on the type of loan you receive, and the banking body that you choose to use.
For First Choice Members
There are a multitude of different mortgage types that are available to our members. We help facilitate first-purchase mortgages, but we do not house these loans personally – we leave that to the experts.
We partner with a world-class organization, Owners Choice Funding, in order to provide the best levels of service and affordability to our members.
Each type of mortgage would have different requirements for closing costs. Please follow the link and call one of their knowledgeable representatives to find the best type of mortgage for you.
If you already own your own home…
If you already own your home and are looking to use the equity in your home to make larger purchases or complete a renovation, we do offer Home Equity Loans.
Members do pay the costs of this type of loan including the appraisal, property search, and deed registration. In Lawrence County, the cost for this is typically less than $400.