Mortgage Loans

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Purchasing a new home is exciting and NorState Federal Credit Union wants to make the loan process as exciting as the purchase. We'll help you get the payment that fits your lifestyle.

• Fixed-Rate Mortgage terms of 10, 15, 20 and 30 years.
• Adjustable Rate Mortgages (ARMS), amortized for as long as 30 years.
• Fixed-Rate, Fixed-Term Home Equity Loans
• Adjustable-Rate Home Equity Lines of Credit

NorState Federal Credit Union Advantages

• Great rates *
• Your loan stays in-house
• Same rates for mobile homes with or without foundation
• Affordable weekly or monthly payments
• Loans available for secondary residences and mobile homes
• Financing up to 90% of value or purchase price, whichever is less
• Fixed rates (10, 15, 20 and 30 years)
• Variable rates (1, 3, 5 and 7 year locks)
• Refinancing from other high-rate lenders available
• Optional Life and Disability Insurance available at a reasonable cost

Home Equity Loans

NorState Federal Credit Union offers flexibility with your Home Equity Loans.

NorState Federal Credit Union Advantages

• Great rates (Prime +0)
• No prepayment penalties
• No annual fees
• Low closing costs
• Quick close program
• Loans available for secondary residences and mobile homes
• Affordable weekly or monthly payments
• Annual Percentage Rate will not exceed 15%
• Repayment is only 1% of the outstanding balance
• No minimum withdrawals
• Variable Home Equity Program
• Interest Only Home Equity Program (Pay interest only for 5 years with a variable monthly rate, reverting to 1.5% repayment of outstanding balance)
• Home Equity Fixed Rates are also available (10,15 & 20 years)
• Risk Based Pricing - Rates vary depending on your credit history and score
• Optional Life and Disability Insurance available at a reasonable cost

*Rates vary depending on your credit history and score

What you should know about Home Equity Lines of Credit -

Contact us and we'll be glad to answer any questions you may have about loan alternatives, rates and the application process.

NorState Federal Credit Union Advantages

• Low Rates
• Your loan stays in-house
• Affordable weekly or monthly payments
• Small down payment