BTCU Home Financing offers current and prospective homeowners a variety of financing options. Our staff members work for you. They look out for your best interest, so you can rely on them to give you solid, unbiased advice. When you speak with a BTCU loan staff member, make sure to ask about accelerated payments, and low closing costs. If you have a question about the home financing process, please contact one of our mortgage team for assistance. Or get started right away with our On-Line Application.

Balloon Mortgages— apply now!
Balloon Mortgages offer you a great opportunity to take advantage of a lower rate and closing costs than a fixed rate loan. They are very flexible “in-house” mortgage products that are typically an advantage if you don’t plan on keeping the mortgage long term. Since most homes are either sold or refinanced every 5-6 years, a 5, 7, or 10 year Balloon Mortgage should be one of the options you review.  Current Rates

Fixed Rate Mortgages- apply now!
Fixed Rate Mortgages are a terrific opportunity for you to "lock-in" a favorable interest rate for a long period of time. With mortgage interest rates at such low levels, many members are looking to grab a rate that will remain stable for as long of a period as possible. If you are certain that you will remain in the same home for 7-10 years or longer, you should also consider a Fixed Rate Mortgage as one of your options.  Current Rates

Construction Financing
Construction financing presents you with a terrific opportunity when you are building a new home. For those who qualify, BTCU offers a competitive interest rate and the advice of a seasoned mortgage staff to help you work your way through the construction process. Once all the details are settled, we work with you and the contractor on timely payments for work accomplished, and you pay only the interest on the loan until the home is completed. Upon completion, the loan is converted to the conventional loan of your choice.

Bridge Loans
A Bridge Loan provides financing for a short term need when you purchase a new home before you have completed the sale of your current home. Bridge loans are set up specifically to handle each individual situation. Ask our BTCU mortgage staff for details.
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Home Equity Loans

A Home Equity Loan enables you to use the investment you have built up in your home for a variety of worthy purposes. Most often HE loans are used for needed home repairs or for remodeling projects that upgrade the home's value. But other useful purposes include vehicle purchases, medical emergencies, tuition payments, and consolidating other loans. The interest you pay on a Home Equity Loan may be tax deductible. Contact your tax advisor for a determination.

Home Equity Line of Credit Loan- apply now!    A Line of Credit loan is extremely useful because once it is set up you are in charge of disbursing the funds. You do not need to take out the full amount when you sign for the loan. You can leave the loan dormant--paying no interest until you begin withdrawing funds. This works great for remodeling projects, as you only need to withdraw funds when it is time to pay each contractor. And, once you set up the loan, the funds are always available! You can pay the loan off, or pay down the balance, then reuse that balance later. The Home Equity Line of Credit loan is often referred to as a "rainy day" fund. Set it up and it's always there when you need it!  Current Rates

Interest Only Home Equity Line of Credit- apply now!
The Interest Only Home Equity Line of Credit provides you with the most flexible financial tool BTCU has ever offered. It offers you the ability to make monthly interest payments only—no principal reduction—if you choose. This can reduce your monthly payments by 50% or more. Of course you can increase your payments, and you can pay the loan off at any time. You borrow the amount you need, for any purpose, and pay it back at your own pace. A great financing option.  Current Rates

Fixed Rate Home Equity Loan- apply now!     If you prefer a fixed rate loan, look into our 5-year Balloon Home Equity loan. Funds are disbursed at closing time and payments start immediately. But, with a fixed rate loan you can always plan on the same monthly payment because the rate does not change with market conditions.  Current Rates

Save Money with Accelerated Payment Options -  BTCU offers members the ability to pay Balloon Mortgages and Home Equity loans with a bi-weekly payment plan. This option enables you to make the equivalent of one extra monthly payment each year. This reduces the amount of interest on the loan, and pays the loan off sooner. Ask if bi-weekly payments are available on your next BTCU loan.

Safeguard your family with Payment Protection
Payment Protection will help your family cope with loan obligations should you die or become disabled. Experience has proven that most employee benefit policies will not cover all your bills in case of death, and few cover bill payments while you are disabled. Payment Protection can provide you with reasonably priced protection for your Home Equity loan. Ask any loan officer for details about Payment Protection.

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