• 15, 20, 30 and 40 year Fixed Rate Mortgages
• 1 year, 3/1, and 5/1 year Adjustable Rate Mortgages
• Jumbo Mortgages (up to $1,000,000)
• VA Mortgages -- Finance up to 100% of the value of a home up to $359,600. Ideal when you have little for a down payment. (Must meet VA loan eligibility requirements.)
• FHA Mortgages -- A great way for first time buyers, or anyone with a shortage of down payment funds, to buy a home. Allows you to buy a house with as little as 3% down.
• Conventional Conforming Flexible 97 & 100 Mortgages -- first mortgages with lower down payments of 0% and 3% respectively.
• Interest-only mortgages with fixed rates -- great if you want lower rates and expect your home to increase in value. These are available in 15/15, which means 15 years interest-only payments based on a 30 year amortization with the remaining 15 years of Principal, Interest, Taxes and Insurance (PITI) based on a 15 year amortization, and in 10/20, which means 10 years interest-only payments and 20 years PITI.
• Interest-only mortgages with adjustable rates -- great if you want lower rates and expect your home to increase in value. These are available in 3/1, which is 3 years interest-only at a fixed rate followed by PITI at an adjustable rate, and 5/1, which is 5 years interest-only at a fixed rate followed by PITI at an adjustable rate.
• Bridge loans -- If you have enough equity in your current home, a bridge loan is a special loan that allows you to get some quick cash so you can make a down payment and buy a new home, until you secure permanent financing. Bridge loans are short-term funds that “bridge” the gap between today’s need for immediate cash and the final closing of a long-term financing package.
• Vacant land loans -- Special financing available for the purchase or refinancing of improved or unimproved vacant properties.

GLCU offers low, competitive rates in all states except New York. With all of GLCU's options, you are sure to find a loan which suits your individual needs. You can easily apply for a mortgage by visiting one of our convenient Branches or by applying online.

Mortgage Preapproval Program
You can find out how much you can afford for a home with our pre-approval program. Take care of financing first and then shop for the home of your dreams with confidence.

You may also want to try out our mortgage calculators to help determine how much you can afford, your payments, if it's a good idea to refinance and more.

Take the uncertainty out of buying a home. Let GLCU help! For more information, contact the Mortgage Department by phone or email.

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