Last Updated: 04/18/2025
Westmark CU Home Mortgage Loans
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Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
Up to $1,000,000
Loan Term (Years)
10 - 30
Westmark CU Home Mortgage Loans Review
Westmark CU Home Mortgage Loans is offered by Westmark Credit Union (NMLS #193321), a credit union founded in 1954 and based in Idaho Falls, ID. Westmark CU Home Mortgage Loans are available in 50 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Westmark CU Home Mortgage Loans offers FHA, USDA, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Standard interest rates types. Westmark CU Home Mortgage Loans offers adjustable-rate mortgages and fixed-rate mortgages.
- No primary residences considered. Westmark CU Home Mortgage Loans does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Westmark CU Home Mortgage Loans Pros & Cons
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Westmark CU Home Mortgage Loans FAQ
How much can you borrow via Westmark Credit Union?
Westmark CU Home Mortgage Loans allows borrowers to apply for loan amounts of up to $1,000,000. 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 Westmark CU Home Mortgage Loans?
Westmark CU Home Mortgage Loans 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 Westmark 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.
Do they charge mortgage origination fees?
Yes, Westmark CU Home Mortgage Loans may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, Westmark CU Home Mortgage Loans offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
What is the customer service phone number?
The customer service number for Westmark CU Home Mortgage Loans is (208) 523-1071.
What is the support contact email?
The support contact email for is info@westmark.org.
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Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day