Financing up to 80% of the value of the home, less any first lien mortgage is available to qualified applicants*. Maximum loan amounts up to $200,000 and maximum term up to 20 years. Funds are disbursed directly to the member. There are minimum closing fees. Rates are determined by credit rating and term. Servicing is through Mobiloil Federal Credit Union.
*Applicants are qualified in accordance with Federal, State and NCUA laws as well as the provisions of the Fair Credit Reporting Act.