Home Loans

First Mortgages

We partner with Centennial Lending, a Credit Union Service Organization (CUSO), to help guide you through the process of purchasing a new home. Through this partnership, they will explain underwriting guidelines, credit requirements, the money needed to close on a mortgage loan, and any other questions you may have.

Choose from a variety of mortgage types to fit your specific needs, including:

• Fixed
• Adjustable
• Jumbo Loans

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Second Mortgages

Considering a home improvement project? Planning for your children's higher education, or that once-in-a-lifetime vacation? Or maybe you simply want to consolidate some expenses into one payment? Whatever your needs and dreams may be, you can leverage the equity built-up in your home with a 2nd Mortgage, also known as a Home Equity Loan. This loan has a one-time cash distribution, a fixed interest rate and the interest paid may be tax deductible.* Your monthly payment will be set for the life of the loan with minimal closing costs. And we offer terms ranging from 5 to 20 years.

Features:

• Fixed rate loan
• Competitive interest rates
• Terms up to 20 years
• Convenient application
• Fast credit decision
• Little or no closing cost
• Variety of payment options

Consumer second mortgage real estate loan payment example:
Loan amount of $25,000, a term of 60 months, and an APR of 6.49%; the payment would be $492 per month.

More Information:
Shopping for your home loan
 

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*Consult your tax advisor for more information.

APR is the Annual Percentage Rate.  The loan payment example provided above is for well qualified borrowers, with 50% equity in their home or greater, the borrower has a product relationship with Fidelis, and the loan is based on a five-year term.  All loans are subject to approval, and the final rate may vary based on several factors, including, personal credit history, term of the loan, the amount of equity in the property and your product relationship level with Fidelis Catholic Federal Credit Union.  Other terms are available.  Advertised rates are subject to change without notice.  Membership is required with Fidelis.

HELOC

A Home Equity Line Of Credit (HELOC) can be described as a second mortgage with a revolving line of credit. With a HELOC you can borrow against your approved line of credit over multiple years, as you need it.

A HELOC offers you several advantages. You can utilize the equity in your home for large purchases like cars, college, vacations, property, etc. Or you may choose to consolidate your bills into one lump payment each month.

Features:

• Variable rate line of credit
• Evolving limit available to draw on for 7 years
• 15 year repayment
• Variety of payment options
• No annual fee
• Low closing costs
• Fast credit decision
• Flexibility to pay as you advance
• Interest paid on a HELOC may be tax deductible (consult your tax advisor for deductibility)
• No minimum balance requirements

More Information:

• What you should know about home equity lines of credit
• Important information about your home equity line of credit
• Shopping for your home loan

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ValueCheck

ValueCheck allows you to research any home your interested in purchasing, or you can take a look at the value of your current home. Simply enter in the information below!