Wildfire Credit Union

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Wildfire Credit Union

6640 Bay Road
Saginaw, MI 48604
Phone: (989)249-8200


Home Loans

* Mortgage Loans
* Home Equity Loans

Mortgage Products Available Through Wildfire Credit Union

Wildfire Credit Union is your Home Loan Headquarters. We are committed to providing a full range of mortgage loans with competitive rates and exceptional personal service. We offer the following terms to suit a variety of mortgage lending needs: 10, 15, 20 and 30 year fixed rate mortgages along with 5, 7 and 10 year balloon products. All loans will be serviced by Wildfire Credit Union. Homes must be owner occupied and located in the state of Michigan.

Current rates, closing costs, and disclosures are available on our rates board. (All rates are subject to change without notice.) Please call our Mortgage Department at 800-227-2328 x 8203 or 989-249-8203 to apply for any of the following mortgage products offered through Wildfire Credit Union.

Primary Residence or Secondary Home Purchase - Borrow up to 90% of the appaised value or sales price, (whichever is less). (For loans greater than 80%, PMI, Tax, and Insurance Escrow are required.)

Primary Residence or Second Home Refinance - Borrow up to 80% (90% if no "cash out") of the appraised value. (For loans greater than 80%, PMI, Tax and Insurance Escrow are required.)

Second Mortgage on Primary Residence or Second Home - Borrow up to 80% of appraised value less the balance owing on the 1st mortgage for up to 20 years with a 5 year balloon.

Vacant Land - Borrow up to 70% of the appraised value for up to 15 years with a 3 year balloon

Home Cash Equity Loan - Borrow up to 80% of double your State Equalized Value, or 90% of the appraised value, less the balance owing on your 1st mortgage for up to 20 years with a 5 year balloon. To apply online for a Home Cash Equity Loan, click here.

Home Equity Line of Credit - Borrow up to 80% of double your State Equalized Value, or 90% of the appraised value, less the balance owing on your 1st mortgage for up to 25 years with a 10 year draw period. To apply online for a Home Equity Line of Credit, click here. For special disclosure information, click here.
Mortgage Products Available Through Mortgage Center

* Investment Properties
* Out of State Properties (primary residence or second home)
* New Construction (primary residence)

In partnership with Mortgage Center, Wildfire Credit Union offers loans for the above mentioned properties at competitive rates and low closing costs. These loans will be serviced by Mortgage Center. Mortgage Center offers both fixed and adjustable rate mortgages. Call the mortgage department at Wildfire Credit Union at 800-227-2328 x8203 or 989-249-8203 for more information.

Home Equity Loans

Wildfire Credit Union offers two great Home Equity loan options. Our Home Cash Equity Loan is a loan made for a specified amount and term of re-payment. Our Home Equity Line of Credit is a revolving line of credit based on the available equity in your home. This loan has a 10-year period during which you have the ability to draw funds on the loan up to the maximum line established at the time of application.

Home Equity loan interest may be tax deductible; check with your tax professional to find out if your situation applies.

Use the equity in your home to:

* consolidate debts
* do home improvements
* buy a vehicle
* any good purpose

HOME CASH EQUITY LOAN

A loan for a specific amount, you may borrow up to 90% of the equity in your home. Equity position can be computed as 90% of a recent appraisal or 90% of double the State Equalized Value (SEV), less the amount owed on your 1st mortgage. (You must have a minimum of 12 months of good pay history on the 1st mortgage to apply.) For loan amounts greater than $50,000, an appraisal is required.

Get a line of credit to borrow up to 90% of the equity in your home. Equity position can be computed as 90% of a recent appraisal or 80% of double the State Equalized Value (SEV), less the amount owed on your 1st mortgage. (You must have a minimum of 12 months of good pay history on the 1st mortgage to apply.) There are no transaction, activity, membership or participation fees.

*The Plan Rate - which is a variable rate based on prime and is reviewed on the second to the last business day of the month. The maximum APR that may be charged under the plan is 18%. Payments are based on a fixed payment factor of $1.30 / $100 borrowed (without credit life and disability insurance) and $1.45 / $100 borrowed (with credit life and disability insurance). **Fees may be waived or refunded. Additional charges may apply if you request an appraisal. Average cost of an appraisal ranges from $250 - $400.

Routing Number: 272484713