Mortgage Loans
ARM Loans
CBFCU offers in house – Adjustable Rate conventional mortgage loans up to a term of 30 years.
- CBFCU will finance up to 80% of the appraised value of the property.
- This loan is kept in-house and payments are made at the credit union.
- Rates adjust annually. Caps: 1% annually, 5% lifetime, 1% origination fee plus actual closing cost.
Unimproved Property/Land
We finance unimproved property/land in-house with a one year Adjustable Rate loan and a 12 year term.
- CBFCU will finance up to 80% of the appraised value.
- This loan is kept in-house and payments are made at the credit union.
- Rates adjust annually. Caps: 1% annually, 5% lifetime, 1% origination fee plus actual closing cost.
Fixed Rate
30-Year Fixed Rate Loan
- Finance up to 95%!
- Low closing costs.
- Loan offered by 7 Mortgage of Knoxville, TN – a trusted CBFCU partner.
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