Home Loans Waco

When it comes to purchasing a home in Waco, Texas, understanding the various Home Loans available is crucial. 1st University CU is here to help our members in finding the right Home Loans in Waco with competitive rates and flexible terms. 1st University CU offers a variety of Home Loans in Waco, including Mortgage Loans, FHA Loans, Home Equity, Cash Out Refinance Loans, Home Improvement Loans, and Pool Loans.

For current mortgage rates or loan applications, contact Mortgage Services at (254) 752-2797 or (877) 377-2797 x321 or email at pparker@culink.net

 

Mortgage Loans in Waco, Texas

Conventional Mortgage Loans are the most common type of Home Loan offered by most financial institutions. With 1st University CU, our members can choose the terms of their low interest rate Waco Home Loan that fits their financial needs.

In addition to Conventional Mortgage Loans, 1st University CU also offers the following types of Home Loans in Waco, Texas:

  • Home Equity

  • Cash Out Refinances

  • FHA

  • VA

  • USDA

  • Second Home

  • Home Improvement

  • New Construction

Waco FHA Home Loan

Our Waco FHA Home Loans are the most popular Home Loans for first-time homebuyers. These loans are backed by the Federal Housing Administration and offer lower down payment options and more lenient credit score criteria, offering the opportunity for home ownership to borrowers who would typically be ineligible under a traditional Mortgage Loan. 1st University CU’s Waco FHA Home Loans only require a 3.5% down payment with loan terms of either 15 or 30 years. We also include Private Mortgage Insurance (PMI) in your Mortgage.

Waco Home Equity Loans

As a current homeowner, you have equity that has built up on your property that you are able to tap into. Our Waco Home Equity Loans allow borrowers to access funds for various purposes, such as paying off education expenses, debt consolidation, or any other major expense. For 1st University CU’s Waco Home Equity Loans, how much you can borrow depends on:

  • The current market value of your home

  • The balance on your existing Mortgage

  • The amount of any other liens (a form of security interest granted over an item)

Cash Out Refinance Home Loans

1st University CU’s Cash Out Refinance Home Loans enable you as a homeowner to refinance your existing Mortgage for a higher amount than what is owed, giving you the difference in cash. With our Cash Out Refinance Loans, your original Mortgage gets paid off, leaving you with only one loan. Similar to Home Equity Loans, Cash Out Refinance Loans allow you to tap the equity in your home to fund renovations, education expenses, and more.

Get Pre-Qualified For Your Waco Home Loan

Before you start shopping for your dream home, it is important to know exactly how much you can afford. To assist you with your home-buying journey, 1st University CU offers pre-qualification, letting you shop with confidence and know how much you can borrow and afford.

Choose 1st University CU For Your Waco Home Loan

1st University CU has proudly been serving Baylor and Waco, Texas, worldwide since 1956. As a not-for-profit financial institution, we are member-owned and operated. We exist solely to serve our members’ best interests. As a member of 1st University CU, you have access to our flexible loan terms, competitive loan rates, and much more.

Become part of our family at 1st University CU and allow us to assist you in reaching all of your financial dreams and goals.