Types of Credit Union Home Loans
Buying a house is one of the most important decisions you’ll ever make. We’re happy to help you with your first or next home loan! We offer a variety of options, with flexible terms and very competitive rates.
We can even help you get pre-approved so you know exactly how much home you can buy.*
*Not all applicants will qualify
Invisible
Home Equity Loans
If you need funds to cover unexpected or major expenses — from home repairs to medical emergencies — look no further than the equity built in your home.
Let Northwoods CU turn it into a loan for anything you need. We make it easy with competitive rates, flexible terms, and quick local decisions for fast results.
- Use your home equity to get the funds you need
- Competitive rates
- Flexible terms and affordable payments
- Local decision-making
- Professional, friendly service from people you know
- Interest typically tax deductible*
- Take steps to protect you and your family in case something unforeseen happens with Debt Protection
*Ask a tax advisor
Home Equity Loan Line of Credit
If you need funds to cover unexpected or major expenses — from home repairs to medical emergencies — look no further than the equity built in your home.
Let Northwoods CU turn it into a loan for anything you need. We make it easy with competitive rates, flexible terms, and quick local decisions for fast results.
- Use your home equity to get the funds you need
- Competitive rates
- Flexible terms and affordable payments
- Local decision-making
- Professional, friendly service from people you know
- Interest typically tax deductible*
- Take steps to protect you and your family in case something unforeseen happens with Debt Protection
- *Ask a tax advisor
Conventional Loans
Fixed interest rate and flexible term options with as low as 5% down
HomeReady Mortgage Loans
FHA Loans
VA Loans
Great option for our military including veterans, servicemembers, and eligible surviving spouses with 0% down and no private mortgage insurance required
USDA Rural Development Loans
Bare Land/Recreational Land Loans
Purchase hunting land or land to build on in the future. Minimum 10% down.
Construction Loans
Northwoods Credit Union is here to help every step of the way with our flexible Construction Loan Program.
Key Features of Our Construction Loans:
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Available for stick-built or manufactured homes
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Minimum 20% down payment
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12-month interest-only term
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Local, fast decision-making
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Local approval of draws to keep your project on track
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Seamless transition to a long-term mortgage after construction is complete
INFO
Contact Northwoods Credit Union today to learn more about what our Home Loans have to offer!
Education & Resources
First Time Home Buyer?
Learn tips on how to financially prepare to purchase your first home. We give you first time home buyer tips here.