We can help you to help you finance your new home
Canyon View Credit Union offers mortgages with competitive rates
and local
service to help you finance your new home.
What is a First Mortgage Loan?
A first mortgage is the initial or primary loan used to
pay for a piece of property (not to be confused with a first-time home buyer loan, which references whether
the borrower has taken out a mortgage in the past). Refinanced mortgages maintain the first mortgage
position, and the first mortgage lender has priority over any other liens or claims in the case of a
default.
If you’re purchasing a home for the first time, you may benefit from other perks the
first-time home buyer loan has to offer. However, if you have already purchased a home in the past and are
ready to upgrade to a new one, the first mortgage loan is a great option.
Buying a new home is a big step–and an exciting one. If you’re purchasing a new home, you probably have many questions about whether to buy, what you can afford, and which type of mortgage to choose. Contact one of our Mortgage Specialists to help you complete the process!
Today's Rates
First Mortgage Options
Buying a new home is a big step—and an exciting one. If you’re a first-time home buyer, you’ll have many questions about whether to buy, what you can afford, which type of mortgage to choose, and more. We can help assist you in every step of the journey to owning a new home. To get started, apply for pre-approval, then contact one of our Mortgage Specialists to help you complete the process.
Have questions or need assistance?
Contact a Canyon View Credit Union Mortgage Specialist today!
Loans are subject to credit approval and actual terms will depend on credit worthiness and equity position. Owner occupied, primary residence only. For example, a $500,000 sales price approved at 97% of value would require a down payment of $15,000. The minimum payment for a $485,000 loan at a 7.00% Rate (7.511% APR) for a 30-year term is $3,226.72. This payment example does not include taxes or insurance. Your actual payment may be higher. Consult a tax advisor regarding the tax deductibility of interest. Homeowner’s insurance will be verified. The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan. See our Loan Calculators for specific examples. Some fees may apply that can range from $10.00 to $8,000. Membership is required and a minimum balance of $10 in primary savings must be maintained. Other restrictions may apply.