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  Consumers Credit Union Commercial Mortgage

Consumers Credit Union Commercial Mortgage

in Commercial Mortgage from Consumers Credit Union

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Consumers Credit Union Commercial Mortgage

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in Commercial Mortgage from Consumers Credit Union

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Highlights
Minimum Months in Business 24
Loan Amount N/A
Loan Term (Years) Up to 25 years
Minimum Revenue N/A

Consumers Credit Union Commercial Mortgage Review

Consumers Credit Union Commercial Mortgage is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. Consumers Credit Union Commercial Mortgage is available in 2 states across the USA.

Consumers Credit Union Commercial Mortgage FAQ

What is the maximum loan term you can get with Consumers Credit Union?

Consumers Credit Union offers commercial mortgages with a maximum term of 25 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Consumers Credit Union offer?

Consumers Credit Union offers commercial mortgages with APRs starting at 1.5% .

What type of guarantors does Consumers Credit Union require?

  • Business

Does Consumers Credit Union charge a mortgage origination fee?

Yes, Consumers Credit Union may charge a loan origination fee.

Does Consumers Credit Union charge a late fee?

Yes, Consumers Credit Union charges borrowers with a late payment fee of up to $25 or 5% of the past due amount, whichever is greater.

What limitations does Consumers Credit Union set on the purpose of the loan?

Consumers Credit Union considers loan applications for business purposes, such as:

  • Lease Improvement
  • New Location

What are the business financing requirements for Consumers Credit Union?

To apply for Consumers Credit Union Commercial Mortgage, the applicant needs to provide the following business document:

  • Business License
  • Business Bank Account
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Message From Consumers Credit Union Commercial Mortgage

Featuring Owner Occupied and Non-owner Occupied Commercial Real Estate Mortgages as well as Residential Investment Real Estate Mortgages. All of our mortgage products feature: Loan values up to 80%. Amortizations up to 25 years. No prepayment penalty. Competitive rate.

Availability

  Available in 2 states
  • Illinois
  • Wisconsin

Feature Breakdown

Late Fee Amount Starting at $25
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 700 - 840
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Maximum LTV 80%
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 24
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Proof of Insurance
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR (Fixed APR) Starting at 1.5%
Loan Term Up to 25 years

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