Mortgage Loans

Ready to buy a home? Finance with someone you know... Beacon Credit Union.  As a member of a credit union, you'll receive a competitve rate and lower than average closing costs.

Service Stays at Beacon
Your mortgage will be held and serviced by Beacon for the life of the loan.

Flexible Terms
Beacon Credit Union offers a variety of home loans to fit your budget.

• Fixed Rate: 15 or 20 Year
• 1 Year ARM (Adjustable Rate Mortgage)
• 3/1 ARM - 25 Year Term
• 5/1 ARM - 25 Year Term
• 10-Year Balloon / 30-Year Amortization

Getting Started
Applying for a mortgage can seem like a complicated process. Our mortgage representatives can guide you through the paperwork - maybe even make the experience enjoyable!

To get started, here's a list of documents to start gathering. (Some may not be needed, but having them available can help speed up the process).

Documents to Collect:

• Pay check stubs for most recent 30-day period.
• If self-employed, two years personal and business tax returns and current profit and loss statements.
• Residence addresses for last two years.
• Names and addresses of employer from the past two years.
• If applicable, name, address, and phone number of landlord or land contract holder.
• Copy of land contract, if applicable.
• Names, addresses, account numbers and monthly payments on all open loans, credit cards, etc.
• If applicable, divorce decree and final property settlement.
• If necessary, you may be asked to provide written explanation of any current or past credit problems.

Apply for the Loan

Apply for Mortgage Loans or Mortgage Refinancing by:

• Visiting any Beacon Credit Union branch location
• Apply for a Mortgage Loan Online
• Call 1-800-762-3136