Members CU has partnered with NORCOM Mortgage to assist our members looking to apply for a first mortgage! Whether you are purchasing your first home, a second home or an investment property, they have every loan program available to meet your needs. The NORCOM mortgage loan center provides the highest level of service throughout your loan process and offers competitive rates. Let us fulfill your dream of homeownership by setting you up with a great first mortgage!

Call Audra Santos at (203) 526-9345 if you have questions, or click here to visit the NORCOM Mortgage website.

If you would like a free prequalification for a first mortgage, click here and choose a time that fits into your schedule.”

Looking to refinance your mortgage? Our Independence Mortgage is the perfect fit for members looking to refinance a first mortgage with a balance under $500,000. Members Credit Union does not escrow for taxes or insurance, it remains the responsibility of the borrower. Borrow up to $500,000 for 10, 15 or 20 years with a rate significantly lower than our traditional second mortgage.

Our Independence Mortgages are a great option if you currently have a loan with TAX ID (ITIN). We have been able to save our members an average of $150,000 and shorten their term. Give us a call or send a request by clicking in the link below, and we'll contact you to talk more about your options.

• For balances under $500,000

• Borrow up to 80% of the value of your home

• $500 Closing Cost

• TAX ID (ITIN) Lending Available

• Shorten your term

• Save Thousands

Do you need to borrow a fixed amount of money to make home improvements, pay for tuition, pay down debt or refinance at a lower rate? Make it a reality with a second mortgage from Members CU.

• Borrow up to 80% of the value of your home

• Up to $500,000

• For up to 20 years

• Low fixed rate of interest

• $500 Closing Cost

Use your home's credit to work for you! Establish a line of credit for up to 80% of the equity in your home. Lines of credit range from $10,000 to $250,000. The draw period is 5 years, and you use the funds as you need them. You pay interest only on the outstanding balance for the first 5 years of the loan. Then the loan goes into repayment for a 15-year term. There is a $125 application fee and are no annual fees or closing costs. Loans have a variable rate, as low as Prime* with a 10% lifetime cap and a 4% floor.

• 80% of the equity in your home

• Borrow from $10,000 up to $250,000

• Draw period of 5 years

• $125 Application Fee

• No Annual Fees

• No Closing Costs

• 4% Floor Rate

MCU may grant home improvement second mortgage loans for more than 90% loan to value for home improvement to qualifying members that meet the following underwriting criteria: The member(s) must have a credit score of 680 or higher with a minimum of 10 years credit history, have 3 consecutive years of employment in the same field. He/she/they may borrow up to 5 times monthly gross income for up to 10 years at the second mortgage rate plus 3%. All other loan qualifying criteria applies The mortgage must be in no more than second position. Maximum loan amount granted will be 120% loan to value or $100,000, whichever is less.