Home Loans

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Buying a house is possibly the single biggest financial investment you’ll make. Whether you're a first-time homebuyer or seasoned homeowner, it’s a huge decision and can be as confusing as it is exciting.

Our professional Home Loan Consultants are committed to helping you throughout the home buying process, offering expert and practical advice and guidance to make it easier. And we have a variety of home loan products to fit your needs. So contact us today and let us show you why On Tap Credit Union is A Better Experience!

Types of Loans We Offer

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30-, 20-, and 15-Year Fixed Rate Mortgages1

A traditional mortgage may be a good choice if you plan to stay in your home for seven years or longer. It has a fixed term and interest rate, and monthly payments that never change. 

Plus if you're a first-time homebuyer, On Tap Credit Union will pay your appraisal fee!

10-Year Fast Track Loan3

Pay off your mortgage and own your home in as little as 10 years with our Fast Track mortgage loan. There is no appraisal fee, no prepayment penalty and a low fixed rate! Call one of our Home Loan Consultants at 303.279.6414 for more information and to apply! 

Maximum appraisal fee waived is $450, on approved applications only.

Apply Today!

Adjustable Rate Mortgage (ARM) 

ARMs – also called 3/1 ARM, 5/1 ARM, and 7/1 ARM for conforming loan amounts – are a good choice for people who expect to move (or refinance) within a few years of purchasing their home. They can offer the best of both worlds: lower interest rates  and a fixed payment for a longer period of time than most adjustable rate loans.

For home purchases over $424,100, we also offer a Jumbo 5/1 ARM loan.  On Tap Credit Union’s jumbo loan product allows borrowers to access up to 90 percent of the loan-to-value of the home being purchased, for well qualified buyers. This means that some borrowers will only need 10 percent of the home’s purchase price or value (whichever is less) as a down payment, with no mortgage insurance required;

Apply Today!

Home Equity Loans and Line of Credit 

For most homeowners, their house is their single largest asset, and  the equity built up in it can be significant. This powerful financial asset can be tapped into with either a Home Equity Loan or Home Equity Line of Credit (HELOC) . Best of all, the money accessed through either solution can be used for anything from home improvements to vacations, education to car purchases.

 

1 Rates as low as 4.00% APR (Annual Percentage Rate) as of November 1, 2017, with a 30-year term and 80% LTV (Loan to Value), subject to credit approval. For example, 360 payments of $4.77, not including taxes or insurance, per $1,000 borrowed at 4.00% APR. Rates and terms are subject to change. Please contact On Tap Credit Union for the most recent rates. On Tap Credit Union membership required.

2 First-time home buyers are those who do not have a mortgage loan opened or closed on their credit report. Maximum appraisal fee waived is $450, on approved applications only.

Maximum appraisal fee waived is $450, on approved applications only. Rates as low as 2.92% APR (Annual Percentage Rate) as of November 1, 2017, with a 10-year term and 80% LTV (Loan to Value), subject to credit approval. For example, 120 payments of $9.66, not including taxes or insurance, per $1,000 borrowed at 3.00% APR. Rates and terms are subject to change. Please contact On Tap Credit Union for the most recent rates. On Tap Credit Union membership required.