Start Your Next Chapter at Home.
Whether you're preparing to buy your first home, moving into something new, downsizing, or purchasing a vacation home, CUOne can help connect you with mortgage financing that fits your situation.
Ready to Talk Mortgage?
CUOne can begin your 1st Mortgage application over the phone or in person at our Lincoln Branch.
Prefer to Visit Us?
Meet with CUOne at our Lincoln Branch to start the mortgage conversation in person.
CUOne 1st Mortgage
More mortgage options. Personal guidance.
CUOne offers 1st Mortgage financing through our partnership with The Servion Group, giving members access to a broader range of mortgage programs while keeping CUOne involved in helping you get started.
Mortgage needs can vary significantly from one homebuyer to another. Available programs can differ based on the property, down payment, borrower qualifications, and other factors.
- Multiple mortgage program options
- Competitive mortgage pricing
- Support throughout the homebuying process
- Applications started through CUOne
- In-person or telephone application options
Mortgage Partner The Servion Group
Providing access to a variety of home financing programs.
Mortgage Programs for Different Needs
No single mortgage works for every buyer. Available options through the CUOne and Servion relationship include several common mortgage programs.
Conventional Loans
Traditional mortgage financing for qualifying borrowers and eligible properties.
FHA Loans
Government-insured financing with its own eligibility, down-payment, mortgage insurance, and property requirements.
VA Loans
Mortgage financing designed for eligible veterans, service members, and other qualifying borrowers.
USDA Loans
Government-backed financing that may be available for eligible borrowers and qualifying properties.
Jumbo / Non-Conforming
Financing options for mortgage needs that fall outside standard conforming loan guidelines.
Fixed & Adjustable Rates
Depending on the program, both fixed-rate and adjustable-rate mortgage structures may be available.
Understanding Mortgage Rates
Fixed Rate or Adjustable Rate?
One of the decisions you may encounter when selecting a mortgage is whether a fixed-rate or adjustable-rate structure better fits your plans.
Fixed-Rate Mortgage
The interest rate remains fixed according to the terms of the mortgage. This can make the principal and interest portion of the scheduled payment more predictable over time.
Adjustable-Rate Mortgage
An adjustable-rate mortgage, or ARM, generally begins with an initial rate structure that may later adjust according to the terms of the loan. Payment and rate changes should be carefully considered before choosing an ARM.
Where Are You in Your Homebuying Journey?
Your goals can help determine which mortgage options are worth exploring.
Buying Your First Home
Learn how mortgage type, down payment, estimated monthly payment, closing costs, and borrower qualifications work together before choosing a home.
Moving or Downsizing
If your housing needs have changed, compare available financing with your anticipated purchase price and long-term plans.
Buying a Vacation Home
Mortgage options may be available for qualifying second or vacation-home purchases, subject to applicable program and property requirements.
The Mortgage Process
What Happens After You Get Started?
Every mortgage is different, but the process generally moves through several major stages.
1
Start the Conversation
Call CUOne or visit the Lincoln Branch to discuss your homebuying plans and begin the application process.
2
Review Your Options
Your qualifications, property plans, and financial information help determine which mortgage programs may fit.
3
Underwriting & Property Review
Documentation, credit, income, assets, property information, and other applicable requirements are reviewed.
4
Closing
Once applicable conditions are satisfied and the mortgage is approved, final documents and closing requirements are completed.
Preparing Before You Apply
You do not need to know every detail before calling CUOne, but having a general picture of your finances and homebuying goals can make the conversation more productive.
Know Your Budget
Consider more than the purchase price. Property taxes, homeowners insurance, mortgage insurance when applicable, maintenance, association dues, and other housing expenses can affect the overall monthly cost.
Review Your Credit
Credit history and other underwriting factors can affect mortgage eligibility, pricing, and available programs.
Think About Your Down Payment
Down-payment requirements vary by mortgage program. Different structures can also affect mortgage insurance, cash needed at closing, and the amount financed.
Keep Documentation Available
Mortgage underwriting commonly requires documentation related to income, employment, assets, debts, and the property being financed.
Mortgage Basics
A Few Things to Know Before You Buy
What is a 1st Mortgage?
A 1st Mortgage is a loan secured by real estate that generally holds the first lien position on the property. It is commonly used to finance the purchase of a home.
What is the difference between interest rate and APR?
The interest rate is the rate charged on the amount borrowed. APR, or Annual Percentage Rate, is designed to reflect the cost of credit using a standardized calculation and may incorporate certain finance charges in addition to interest.
What are closing costs?
Closing costs may include lender charges, title-related costs, appraisal or property-related expenses, government charges, prepaid items, and other costs associated with completing the mortgage transaction.
How do I know which mortgage program might fit?
The answer depends on factors such as borrower eligibility, credit profile, available funds, property type, purchase price, down payment, and how long you expect to own the home. Comparing the complete terms of available options is more useful than looking at the interest rate alone.
Mortgage products are offered through Credit Union One of Oklahoma's partnership with The Servion Group. Available mortgage programs, interest rates, Annual Percentage Rates, terms, fees, down-payment requirements, mortgage insurance requirements, property eligibility, and underwriting guidelines vary by program and borrower qualifications.
Conventional, FHA, VA, USDA, Jumbo/Non-Conforming, fixed-rate, and adjustable-rate options are subject to applicable program availability and eligibility requirements. Not every borrower or property will qualify for every program.
Examples and educational information on this page are provided for general informational purposes and do not constitute an offer, approval, rate quote, or commitment to lend. Final loan terms are determined through the mortgage application and underwriting process.
All mortgage loans are subject to credit approval, property eligibility, verification requirements, and applicable underwriting criteria. Membership with Credit Union One of Oklahoma may be required. NMLS ID: 812426.