Loans

Mortgage & Real Estate Loans

Jax Metro has a full service mortgage program whether you are buying your first home, a new home, or refinancing your current home – we can help. Renting can be a good idea for the short-term, but when you’re looking to settle down Jax Metro wants to help you start building equity in your own new home.

We offer a variety of Mortgage Programs that provide you with our competitive rates and affordable repayment terms. We have a full-service mortgage representatives that are here to help you find that perfect home that fits all your requests, and needs. Regardless of your situation, we have a mortgage solution that will fit your individual needs.  Now apply, your new home is waiting for you!

 

Home Equity: Line of Credit (HELOC)

If you’re thinking about sprucing up your house or buying a new car, consider a home equity loan. You can deduct home equity interest on loans up to $100,000 (consult your tax advisor; some limitations apply).

Jax Metros rates are based on prime lending rates and will vary based on individual credit worthiness and the terms of financing. Please call us today for our weekly mortgage rates at 904-360-5100.

Terms and Costs

Generally, lending terms vary with the amount you borrow for up to fifteen years so payments are very affordable. We do the work and you enjoy the benefits.

How much can I borrow?

We can loan you up to 80% of the value of your home. Use this simple example to help determine the amount you may be able to qualify for:

  • Estimated Value of Your Home $100,000
  • Jax Metro Loan Maximum 80% $80,000
  • Less 1st Mortgage $60,000
  • Jax Metro Home Equity Loan $20,000

 

Fixed Rate Second Mortgage-

  • Borrow amounts based on the property value. 0-5, 6-10 and 11-15 year terms.

Jumbo Loan Program-

  • These are loan amounts greater than the conforming loan limit (the current conforming loan limit is $424,100). When a loan amount is higher than the conforming limit, it becomes a jumbo loan – or non-conforming loan – with slightly higher interest rates. Jumbo Loans, compared with historically low mortgage rates, can bring greater flexibility for some home buyers to purchase the house they want and make the payment they want.

Conventional Loan Program-

  • They are a great option for any borrower with good credit and a small down payment. They usually require at least a 3% down payment of your own funds to purchase a home. However, for any conventional loan with less than 20% down, you will be subject to mortgage insurance on the loan.

Renovation Loan Program-

  • Whether you’re buying a home that needs repairs or interested in making some changes to the home you already have, our Renovation Loan Program gives you the funds you need to remodel. You have access to both purchase and refinance options without getting a second mortgage or line of credit.

VA Loan Program-

  • Government guaranteed loan programs available to Veterans, active duty military, reservists, and retired military. VA Mortgages offer financing up to 100% of the reasonable value of the property and they feature both fixed and adjustable rate loans.

Construction Loan Program-

  • If you are planning to build your dream home from the ground up, the Construction Loan may be the best option for you. We offer financing that can take you through the construction phase and into a permanent mortgage after the home is built.

FHA Loan Program-

  • This program is available to all buyers. These programs are designed to help creditworthy families who do not meet requirements for conventional loans. FHA loan programs are particularly beneficial to those buyers with less available cash.

USDA Loan Program-

  • The rural housing loan is a federal loan guarantee program that is used to help borrowers purchase homes in rural areas. The USDA (United States Department of Agriculture) designed a home loan guarantee program for eligible individuals and families. The home loan guarantee allows borrowers to obtain mortgage financing up to 100% of a home’s value. Since the USDA insures and guarantees the loan in the event of borrower default, lending agencies are able to offer this loan to borrowers that may not otherwise qualify for a loan.

 

First Time Homebuyer

Are you a first time Homebuyer?  Do you have a lot of questions?  We’re here to help answer those questions, and find your dream home.  Download our helpful Homebuyer booklet to start written down your questions, and also hopefully start to answer those burning questions you might have.

First Time Homebuyer Booklet

 

Jax Metro Credit Union NMLS#653519

 

Privacy Policy Notices, Terms, and Conditions | Copyright © 2017 Jax Metro Credit Union. All Rights Reserved.

Equal Housing LenderEqual Housing Opportunity NCUAFederally Insured by NCUA
facebook twitter pinterest