Your home is a major investment. Whether you’re building, renovating, or looking for something new, our mortgage specialists are ready to help. Contact Steve at 701-223-6533 or by email at sdelap@vueccu.com and he can advise you on what type of loan would work best for your needs.
These loans are used for purchases, not sold to the secondary market, and can be amortized up to 30 years with a 5 year balloon.
Securing a mortgage on your home for home improvements may fall either under a home equity loan or second mortgage loan. You may use the equity in your home for making home improvements.
These loans can be amortized up to 20 years with a 5 yr. balloon.
These loans are secured by a first mortgage on the property under construction. The loans are set up for a period of 12 months with interest payments due monthly on the principal balance. The amount financed is 75% of the appraised value or project cost, whichever is less.
These loans are used for purchases or refinances with fixed or adjustable rate mortgages up to a 30 year fixed rate. They are then sold off to the secondary market.
These loans can be in the form of a second mortgage securing up to a total of 90% loan to value with a fixed rate up to 5 years. Home equity loans can be amortized over a longer period of time with a balloon after five years. Theses loan can be used for many purposes.
Lot loans can be purchased with the intent to construct a residence in the future. These can be financed up to 180 months with a five year balloon.
If you're looking for pre-approval, we can do that at on your first visit, provided we have the following information:
