Home Loans

A home mortgage is one of the most important loans you will need. UFCU has a line of mortgage products available for purchasing a new home or vacation home, refinancing an existing mortgage, or taking advantage of the equity in your existing home. Our mortgages are available in the continental United States.  Mortgage Options:

Fixed-Rate Mortgage
With a conventional, fixed-rate mortgage, you get a low-interest rate that’s locked in for the life of the loan. And with flexible terms from 10 to 30 years, you can customize a low monthly payment to fit your budget.

Program Benefits

• Competitive low rates.
• Down payment as low as 5%.
• 15, 20, 30 year mortgage terms.
• No points.
• No pre-payment penalty.
• Principal payments can be
  made at any time.
• Mortgage pre-qualification.  Quick approvals and local closings make the entire process fast and hassle-free.
• Refinance options are available.     
  

  Program Requirements

• Maximum conventional loan amount $766,550.00.  Jumbo loans available.
• Owner occupied, single family homes.  Includes townhomes and condominiums.
• Minimum FICO Score is 700 (for down payments of less than 20%, a minimum mid-FICO score of 760 is required for each borrower).
• Down payments of less than 20% requires private insurance.

Jumbo Loans
Higher home prices require a different kind of loan than conventional borrowers need. That’s why we offer Jumbo Loans for borrowers looking to buy higher-value properties. Our Jumbo Loans can go up to $1 million depending on the loan to value (LTV) and purpose of the loan.

We offer both fixed-rate and adjustable-rate Jumbo Loans with terms to fit your budget.

Jumbo Loan Features

• Competitive interest rate.
  
• No points and no closing costs.
• No pre-payment penalty.
• Choice of loan terms, up to 30 years.
• Fixed or adjustable-rate terms available.
• Designed for loans that exceed $766,550.00.
• Up to 95% loan-to-value financing(LTV) maximum, no PMI.
• Available for primary residences, 2nd/vacation homes only.
• Available for both purchase and refinance.
• 700 minimum credit score.
• Cash-out refinance is now allowed on second homes and investment properties (previously only primary residences).
• In most of the country, the 2024 conventional loan limit is $766,550.00.
  The limit is $1’149,825.00 in many high-cost areas, but loan limits vary. It’s important to look up conforming loan limits in your area.

Get started on your mortgage application or
pick up where you left off

Have the following information available when applying:

• The income for all borrowers – Your W2s and tax returns will provide the information you need.
• Your current monthly expenses – Write down your monthly expenses like rent, mortgage, utilities, credit cards, average spending, etc.
• An estimate of the funds you have available for a down payment, closing costs, taxes, and other costs.

  .
  
  

  
  
  More Options
  Print the PDF version and submit it by mail:
  Unilever FCU, P.O. box 1112, Englewood Cliffs, NJ 07632

  Useful Links
  View our current rates
  Mortgage Calculator
  http://www.unileverfcu.org/calculators/Mortgage Checklist
  Thinking about buying your first home? Take some proactive steps
  

Have additional questions?
Please reach out and contact us.

The Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act is designed to enhance consumer protection and reduce fraud by requiring a nationwide registration system for mortgage loan originators (MLOs). Each MLO obtains a unique identifier from the Nationwide Mortgage Licensing System and Registry (NMLS). This information allows a consumer applying for a mortgage loan to verify the MLO is properly registered and to obtain basic information about the MLO’s mortgage lending history. Unilever Federal Credit Union: NMLS #457994.

You have mortgage refinance options whether you’re currently financed with UFCU or with another lender. Contact us to compare financing: john.holtzhauer@unilever.com.

Features & Benefits:

• Reduce your monthly payment with a lower rate
• Reduce the interest paid by shortening your term
• Option to take cash out for remodeling or other financial needs
• Financing for primary residences as well as second homes
• No points. No pre-payment penalty
• Principal payment can be make at any time
• Conventional or jumbo option
• Minimum FICO Score is 700
• Use our mortgage calculators to help you determine if refinancing is right for you and how much mortgage you can afford

Get started on your mortgage application or pick up where you left off

Have the following information available when applying

• The income for all borrowers – Your W2s and tax returns will provide the information you need
• Your current monthly expenses – Write down your monthly expenses like rent, mortgage, utilities, credit cards, average spending, etc.
• An estimate of the funds you have available for a down payment, closing costs, taxes, and other costs.

More Options
Print the PDF version and submit it by mail:
Unilever FCU, P.O. box 1112, Englewood Cliffs, NJ 07632Useful Links
View our current rates
Mortgage Calculator
http://www.unileverfcu.org/calculators/Mortgage Checklist
Thinking about buying your first home? Take some proactive steps

Our Vice President of Lending
Experienced professionals you can count on!

John Holtzhauer
NMLS# 202179
UFCU MLS# 457994
Cell:  973-945-1057
Work 203-816-4066
Email: john.holtzhauer@unilever.com

Have additional questions?
Please reach out and contact us.

Rates and terms are subject to credit approval and may change without notice.
This Credit Union is federally insured by the National Credit Union Administration.
A minimum FICO credit score of 700 is required.
  

The Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act is designed to enhance consumer protection and reduce fraud by requiring a nationwide registration system for mortgage loan originators (MLOs). Each MLO obtains a unique identifier from the Nationwide Mortgage Licensing System and Registry (NMLS). This information allows a consumer applying for a mortgage loan to verify the MLO is properly registered and to obtain basic information about the MLO’s mortgage lending history. Unilever Federal Credit Union: NMLS #457994.