Mortgage Assistance
First Northern Credit Union
- 50% discount on appraisals or waive the admin fee
- No closing cost loan program
- Offer discounted rate
- 0.25% rate discount on all fixed rate second mortgages
Fees
- Waive application, pre-qualification, pre-approval, loan origination fees
- "Forgivable" fee on 100% of costs involved with Home Equity Loan or Home Equity Line of Credit, 50% after 1st year, 100% after 2nd year
Loan programs
| Fixed Rate | |
|---|---|
| 10 Year Fixed Rate | Yes |
| 15 Year Fixed Rate | Yes |
| 20 Year Fixed Rate | Yes |
| 25 Year Fixed Rate | Yes |
| 30 Year Fixed Rate | Yes |
| Adjustable Rate | |
|---|---|
| 1 Year | No |
| 3 Year | Yes |
| 5 Year | Yes |
| 7 Year | Yes |
Portfolio capabilities
- 85% loan to value programs available with no PMI
- Up to 100% financing may be available (subject to appropriate credit qualifications)
- Ability to loan on certain non-conforming first mortgages (that other lenders may not be able to grant)
Bridge loans
N/A
FHA loans
HUD Provider
VA/IHDA loans
VA and IHDA qualified provider
1st Home Illinois program:
www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/
Locations
Evanston and Chicago locations close to both campuses:
First Northern Credit Union
1705 Sherman Ave
Evanston, IL 60201
NMLS # 410425
https://www.fncu.org/loans/mortgages/
First Northern Credit Union
541 N Fairbanks Ct, Suite 120 (lower level)
Chicago, IL 60611