Teachers Credit Union
Teachers Credit Union
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Got a question about mortgages? You've come to the right place!

When it comes to home financing, there are many different options to choose from. How do you find the loan that's best for you? Here is some information to help you.
 
Applying for a mortgage can be very intimidating. You're asked specific details about your income, assets, and debts. Here we will give you information that will let you know how that information is used when applying for a mortgage.
 
When you buy or refinance a home, the property is used as collateral for the loan. Here's what the lender is looking for and why.
 
 
Hurray! Your loan has been approved and your loan closing date has been set! This section will give you some idea of what to expect at closing and what happens after closing.
 
There are many financial decisions involved in purchasing or refinancing a home. The calculators we provide here can help you decide some of those decisions.
 
There are a lot of unfamiliar terms that get tossed around during the mortgage process. But don't worry, we've put together this glossary to help you get a better grasp of any terms that may be less than clear.
 
 

©2017 Teachers Credit Union. Equal Housing Opportunity. Limited time offer, valid until February 28, 2018. Offer available on fixed mortgages, conventional and government loans to include FHA, VA and Rural Development financing only, single family residence, primary residence, second/vacation home, and 50 acres or less. Not valid for property in Texas, Georgia and California. Offer does not include prepaid interest, escrow reserves, homeowners insurance, government funding fees, re-inspection fees, PMI (paid up front), Deed doc fees, mobile closer fee, and Owner Title Policy fee. Member is responsible for these fees. Prepaid Government Funding Fees will be added to the loan balance. Minimum loan amount $50,000, maximum loan amount $424,100. Credit underwriting guidelines apply. Preapprovals expire in 90 days. Cap on seller contributions can be credited as principle reductions. Closing costs include Appraisal ($485 will be required in advance* and credited at closing), underwriting fee, lenders title policy, recording fees, closing fees, tax service fee, and flood certification fee. *Applicants who do not finance with TCU for any reason, including loan denial, will be required to pay the Appraisal Fee. NMLS# 686706. New members are subject to $7.00 membership fee and $5.00 initial share deposit. Other fees may apply as described in the common features.

Any links to external websites are links to alternative sites not operated by TCU. TCU is not responsible for the content of the alternate site. The privacy and security policies of the alternate site may differ from those practiced by TCU. TCU does not represent you or the third party if you enter into a transaction with the third party.

 

Equal Housing Opportunity NCUA
 
Federally Insured by NCUA.
Teachers Credit Union, Lender NMLS #686706