First Mortgage Loans

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METRO Federal Credit Union has partnered with Great Northern Financial Corporation to provide you with competitive mortgage rates. We have FIXED and Adjustable Rate Programs. Just contact one of our Loan Coordinators at 847-670-0459 for an application or more information. Mortgage Payment Calculator Provided by Great Northern Financial Corp.		Click here for today's rates Apply Online
Basic Loan Terms		Types of properties
Minimum Credit Score 550 Minimum Loan $50,000 Conforming Loans 1 Unit up to $417,000 2 Unit up to $533,850 3 Unit up to $645,300 4 Unit up to $801,950 Loans Greater than Conforming are considered JUMBO Mortgages Cash-out Refinance 70%-80% LTV add .125% to Rate 80%-90% LTV add .25% to Rate, Escrow Waiver fee .25% Pts or add .125% to Rate LTV=Loan-to-Value		1st Mortgage Loans on all types of properties: 1-4 units Investment property Owner Occupied property Non-Owner Occupied Property Second/Vacation Homes Town Homes Condominiums Many different types of programs: First time home buyers programs Flexible Terms - 10, 15, 20, and 30 year loans ARMS and balloons Interest-Only Programs Alternative Loans (Credit Problems) FHA VA Jumbo Loans Competitive rates for credit union members Bi-Lingual services available

Basic Loan Terms

Minimum Credit Score 550
Minimum Loan $50,000
Conforming Loans
    1 Unit up to $417,000
    2 Unit up to $533,850
    3 Unit up to $645,300
    4 Unit up to $801,950
Loans Greater than Conforming are considered JUMBO Mortgages

Cash-out Refinance

70%-80% LTV add .125% to Rate

80%-90% LTV add .25% to Rate,

Escrow Waiver fee .25% Pts or

add .125% to Rate

LTV=Loan-to-Value

Conforming Loan Programs -- Loan amounts $359,650 or under. Posted Conforming Loan Rates are based on $200,000 Loan Amount, 30 Day rate lock and properties located in the state of Illinois. Please call for rates in other states.

Jumbo Loan Programs -- Loan amounts over $359,650. Posted Jumbo Loan Rates are based on $400,000 Loan Amount, 30 Day rate lock and properties located in the state of Illinois. Please call for rates in other states. The interest rates and points are subject to change without notice. Due to market volatility, Please call for current rates.