Mortgages and Home Lending

Contact us


Arapahoe Credit Union is a local, not-for-profit institution. We are here as your financial resource and advocate for a better deal.

A first mortgage is your pathway to ownership. A good first mortgage is your pathway to much more.


First Mortgages and RefinancesHome Loan Experts:

Arapahoe Credit Union has partnered with Colorado Home Mortgages to provide first mortgage loans and financing options. One of the great things about this partnership is that it gives flexibility and options to ensure that you are getting the deal that you want and need. Whether you are a first-time home buyer, upgrading, moving, or just wishing to refinance your existing mortgage, there are options.

Click here for second mortgages or lines-of-credit.

Low interest rates:

When dealing with interest rates, getting the best one is crucial. Even a half percent is likely to mean tens of thousands of dollars. You need the best mortgage rate possible from a dependable lender— Colorado Home Mortgages has been consistently voted the Best of the Best for five years running because of their ability to help people get the right loan.

When you are ready, you can definitely call us. We will get you started and be there for any questions along the way.

Rates and Disclosures

If you need a large amount of money, but don’t want to put it on credit cards or scramble for funds, you can look to a fixed second mortgage.


You can use the equity in your home to secure what is essentially a fairly cheap loan. By using a second mortgage, you can get access to a large amount of money while paying a low rate. Most people use them to make home improvements, pay for college or consolidate expensive credit card and unsecured debt. You can also spread out the term for up to 15 years which gives you the flexibility of a payment suited for you.

Second Mortgages carry a number of benefits.

  • Low rate:Fixed, low-rate home loans Securing your loan against a home can mean a much lower payment— 5% on a second mortgage means huge savings compared to a 20% credit card.
  • Consistent rate: Our fixed second mortgages won’t change on you. Secure a low rate and never risk it rising.
  • No pre-payment penalty: If you no longer need the loan, then there is no reason to keep paying interest. Pay it back at anytime without running into a penalty.
  • Low closing costs: Arapahoe Credit Union isn’t going to nickel and dime you. We essentially just need to cover our costs which means you won’t run into extra fees typically used to increase profit.
  • Interest may be tax deductible: You may be able to offset your costs even further by writing the interest off. —Consult a tax advisor.
  • Convenient payment options: All second mortgages are serviced in-house. This means you can easily use service centers, bill pay products, branch deposits or just standard mail.

Contact us to get started or you can apply online.

An appraisal may be required. Property must be your primary residence located in the state of Colorado and insured. Payment Example: $50,000.00 loan at 6.24% APR for 180 months payment is approximately $428.52. Note: Payment does not reflect any insurance premium.

Rates and Disclosures

People often carry a HELOC (Home Equity Line of Credit) because it is cheaper than a credit card and does pretty close to the same thing, but on a larger, cheaper scale.

 

New, Long-Term HELOC Provides Payment Flexibility!


Compare our new HELOC loan here!


A home equity loan is a variable rate loan that works much like a credit card. Members are pre-approved for a certain amount and then they can use these funds as needed— you only pay on what you owe. As you pay down your balance, funds become available again. Your HELOC has a 5 year draw period and you get up to another ten years to pay it off. In this way, you an keep your payments low.

HELOCs are unique and have significant benefits.

  • No prepayment penalties:low rate home equity loans Your loan is yours to use as you like. You’ll never see a penalty just for paying it early.
  • Convenient payment options: These loans are financed locally at the credit union. No out of state lending means you can always work with us directly.
  • Low closing costs: We are not-for-profit. This means we don’t have to ‘get creative’ with additional fees. Every loan we have strives for the lowest up-front cost.
  • No finance charge until you use the funds: One of the greatest things about a HELOC is its flexibility. The funds are there for you if you need them, but, if you don’t, you won’t need to pay.
  • No advance fees: Being a credit union means you won’t get nickel and dimed. Your loans are yours to do with as you like and you won’t see a fee just for using your money.
  • Interest may be tax deductible: Offset your cost further. Most of the time, this kind of interest is tax deductible. Consult your tax advisor about the details on this.
All home loans are a big deal. Contact us to help you get started and we will be there for any questions you have.

Rates and Disclosures

Arapahoe CU
Insurance: Arapahoe Credit Union Loans <
Insurance is a constant consideration with all house loans. You will want to make sure that you have the best coverage at the lowest price. As a credit union member, you can likely get discounted, quality coverage through CUNA Mutual. Insurance Options
Arapahoe CU
Definitions:
Mortgage lending can be a complicated process. Between legal jargon and a variety of different professions, there is a good chance that some of the terms will be lost on the regular consumer. Definitions
Arapahoe CU
Refinance Calculator:
The average American consumer may refinance every 4 to 5 years to make sure that they are keeping themselves in the best deal possible. When you are dealing with such large balances, it is usually a good idea— especially now. Refinance Calculator
Arapahoe CU
Loan/ Mortgage Payment Calculator:
Perhaps the most important consideration for your house/ mortgage is payment. You want to work through some numbers to find out what to expect and what you are comfortable with. Also, remember that the loan payment is usually only part of what you can expect to pay. You will also want to consider additional insurance, property taxes and other costs that might get added on. Loan Calculator
Arapahoe CU
Colorado Home Mortgages:
Again, the mortgage process can be complicated, but that is what we are here for. Between our in-house loan staff and Colorado Home Mortgages, we have the entire process covered and you won’t have to deal with inexperienced or questionable mortgage companies. We are happy to help you with anything or you can fee free to contact our partner directly. Colorado Home Mortgages
   

 

Our Home Loans...

There’s a lot of things to consider when looking into a home loan and our staff will always be the best place to start. However, here are the important legal parts that you should know.

An appraisal may be required for our home loans. Property must be your primary residence, located in the state of Colorado and insured. Payment Example: $50,000.00 loan at 6.24% APR for 180 months payment is approximately $428.52. Note: Payment does not reflect any insurance premium. Our HELOC, specifically, is a variable rate based on prime. It is currently very low, and the absolute maximum that it can get to is 17.99%APR.

Got it!    Rates 

Our Home Loans...

There’s a lot of things to consider when looking into a home loan and our staff will always be the best place to start. However, here are the important legal parts that you should know.

An appraisal may be required for our home loans. Property must be your primary residence, located in the state of Colorado and insured. Payment Example: $50,000.00 loan at 6.24% APR for 180 months payment is approximately $428.52. Note: Payment does not reflect any insurance premium. Our HELOC, specifically, is a variable rate based on prime. It is currently very low, and the absolute maximum that it can get to is 17.99%APR.

Got it!    Rates 

NCUA