Home Loans

*Applies to Conventional Residential Mortgage (CRM) Loans only. First-time home buyers with credit history are eligible for a 3% down payment. For all other CRM loans, down payments range from 5% to 30%. Loans with a down payment of less than 20% will be subject to Private Mortgage Insurance (PMI). Loan amounts greater than $510,400 must have a down payment of 20% or more.

**Applies to Veteran’s Administration (VA) mortgage loans only. Maximum 100% financing for purchases based on the lesser of appraised value or purchase price plus VA Funding Fee. Maximum 100% financing for refinances based on appraised value including VA Funding Fee. Maximum 80% financing for metal homes based on the lesser of appraised value or purchase price plus VA Funding Fee. Applicant must be eligible veteran with available entitlement to cover loan balance.

***Closing cost credit available on Home Equity Line of Credit (HELOC) or closed end home equity loans on loan limits/amounts of $25,000 or more. HELOC and home equity loans less than $25,000 or any other mortgage loan types are not eligible for this offer. Tinker Federal Credit Union (TFCU) refinances are not eligible for this offer if a closing cost or discounted rate offer has been accepted or applied to a TFCU mortgage loan within the last five years unless the new loan includes additional cash out. Closing cost amounts in excess of $440 will be the borrower’s responsibility to pay. A closing cost credit will be issued at the time of closing. Closing costs vary according to property location and typically range from $445.10 to $1004.20. Closing costs incur for real estate appraisal or review, title report, filing and processing fees, and flood certification. If your loan does not fund, you will be responsible to pay the costs for any fees including, but not limited to, processing, abstracting and other related title work if the work has already been performed. Title insurance is required on loan requests of $200,000.01 or more and on investment property loans of any amount. The cost of a Title Insurance Policy is based on your loan amount; the typical range is $365 – $800. Loans with 90% loan to value and above have a maximum loan amount of $50,000. First or second mortgage on currently owned residential property must not exceed a maximum loan to value of 100 percent. TFCU will take a security interest in your home. You could lose your home if you do not meet the obligations in your agreement. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required. Normal underwriting guidelines apply. To take advantage of this offer, TFCU membership is required, which involves opening an initial share (savings) account with a $5 deposit. For more information current rates and terms, visit www.Tinkerfcu.org or call us at (405) 732-0324 or 1-800-456-4828.

Maximum loan value for all mortgages at TFCU is $1,000,000. Loan terms range from 10 to 30 years. Non-refundable closing costs apply and vary according to property location, loan amount, and discount points. Property must be located in the State of Oklahoma, owner occupied, and residential. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required. A security interest will be taken in your home. You could lose your home if you do not meet the obligations of your agreement. Single family dwellings, metal homes, condos, duplexes and townhouses generally qualify as eligible collateral. Log, dome, and underground homes, and manufactured housing do not typically qualify as eligible collateral. TFCU membership is required, which involves opening an initial share (savings) account with a $5 deposit. Click for more information, current rates, and terms or call us at (405) 732-0324 or 1-800-456-4828.