Home Loan Programs

Home Loan Programs

Whether you are purchasing a new piece of land or a new home, building a brand new home, or looking to refinance your current home, we have several options to fit your needs and budget!  We’re local, and we know Tennessee. Connect with a mortgage loan officer today by phone, email, or an in branch visit. The sooner you do, the sooner we can help you get into your next home!

Why Y-12 FCU for your next mortgage? Here are a couple reasons:
  • 100% financing options available for qualified buyers (up to $417k)
  • No private mortgage insurance (PMI) on several products
  • Terms up to 30 years
  • Fixed, adjustable, and balloon options
  • Local underwriting and processing
  • As always, no prepayment penalties

Home Equity Line of Credit

Home equity loans are available to members who own their home. Home equity loans aren't just for home improvements, you may use it for major purchases, debt consolidation, college tuition, and medical expenses, almost anything you need. You may apply for a home equity loan and establish a line of credit to be used at your convenience.

Interest Only Home Equity Line of Credit

Our Interest Only Home Equity Line of Credit may be just what you need to have more cash in your wallet at the end of the month. This line of credit helps keep payments low. Interest only payments are required monthly; however, you may make additional payments to reduce the principal balance of the loan.

Connect with a Loan Officer

Our Mortgage Team has superior knowledge of the mortgage industry’s ins and outs. They understand that each member’s experience with Y-12 Federal Credit Union is unique and specific to their mortgage needs.