Introduction to Centris Federal Credit Union Mortgage
Centris Federal Credit Union is a full-service credit union located in Omaha, Nebraska. Founded in 1934, Centris provides its members with a wide range of financial services, including mortgages, auto loans, credit cards, and checking and savings accounts. Centris also offers members a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and jumbo mortgages. In this guide, we’ll cover the types of mortgages available from Centris Federal Credit Union, their rates and terms, and how to apply for a mortgage with Centris.
Types of Mortgages Available from Centris Federal Credit Union
Centris Federal Credit Union offers a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and jumbo mortgages. Fixed-rate mortgages are available in 10-year, 15-year, 20-year, 25-year, and 30-year terms. The interest rate on a fixed-rate mortgage does not change over the life of the loan. Adjustable-rate mortgages (ARMs) have an initial fixed-rate period, usually 5 years, after which the interest rate can change. ARMs are available in 5/1, 7/1, and 10/1 terms. A 5/1 ARM means the initial fixed-rate period is five years, then the interest rate can change annually. A jumbo mortgage is a loan for more than the maximum conforming loan amount, which is currently $510,400.
Centris Federal Credit Union Mortgage Rates and Terms
Centris Federal Credit Union offers competitive mortgage rates and terms. Their fixed-rate mortgages have interest rates ranging from 3.25% to 4.75%, depending on the term of the loan. Their adjustable-rate mortgages (ARMs) have initial fixed-rate periods ranging from 5 years to 10 years, depending on the term of the loan. After the initial fixed-rate period, the interest rate can change annually. The interest rate on a jumbo mortgage is typically higher than on a conforming loan, but the exact rate will depend on the loan amount and the borrower’s credit score.
How to Apply for a Mortgage with Centris Federal Credit Union
Applying for a mortgage with Centris Federal Credit Union is easy. You can apply online, by phone, or in person at any of their local branches. When applying online, you’ll need to provide the following information: your name, address, Social Security number, income, and assets. You’ll also need to provide information about the property you’re buying, such as the address and purchase price. If you’re applying in person or by phone, you’ll need to bring or provide your financial documents, such as your bank statements and pay stubs. Once you’ve provided all of the required information, Centris Federal Credit Union will review your application and let you know if you’ve been approved for a mortgage.
Conclusion
Centris Federal Credit Union offers a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and jumbo mortgages. They have competitive rates and terms, and applying for a mortgage is easy. For more information about Centris Federal Credit Union and their mortgage products, visit their website or contact a loan officer.
