Westerra Credit Union First Mortgage Loans
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| Loan Amount | Up to $5,000,000 |
| Loan Term (Years) | 10 - 30 years |
| Credit Score Range | Starting at 760 |
| No Origination Fee | N/A |
Westerra Credit Union First Mortgage Loans Review
Westerra Credit Union First Mortgage Loans is offered by Westerra Credit Union (NMLS #421606), a credit union founded in 1934 and based in Denver, CO. Westerra Credit Union Mortgage are available in 50 states (and Washington, DC).
Key Takeaways
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Only primary residences considered. Westerra Credit Union First Mortgage Loans does not offer financing for vacation homes or investment properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Maximum LTV. Westerra Credit Union First Mortgage Loans has a maximum loan to value ratio of 60%.
- Very good credit required. You'll need a credit score of at least 760 to qualify.
Westerra Credit Union First Mortgage Loans Pros & Cons
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Westerra Credit Union Mortgage FAQ
How much can you borrow via Westerra Credit Union?
Westerra Credit Union Mortgage allows borrowers to apply for loan amounts of up to $5,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Westerra Credit Union Mortgage?
Westerra Credit Union Mortgage offers mortgages with terms ranging from 10 to 30 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 mortgage rates does Westerra Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Westerra Credit Union Mortgage offers home loans with APRs starting at 5.942% and up to 6.931%.
Do they charge mortgage origination fees?
Yes, Westerra Credit Union Mortgage may charge a loan origination fee.
What is the customer service phone number?
The customer service number for Westerra Credit Union First Mortgage Loans is (303) 321-4209.
What is the support contact email?
The support contact email for is email@westerracu.com.
Contact
- Headquarters
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3700 E Alameda Ave
Denver, CO 80209 - (303) 321-4209
- Visit Site
- Email Support
Other Services by Westerra Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Credit Score Range | 760 - |
| Employment Statuses Considered |
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| Joint Loan Applications Accepted |
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| Maximum LTV | 60% |
| Minimum Age | 18 |
| Minimum Down Payment | Starting at 0.2% |
| Verification Documents Required |
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