Liberty FCU offers multiple condo loan options

Warrantable

Warrantable means all units and common areas are complete and not subject to additional phasing, unit owners control HOA, and at least 90% of units have been conveyed to the purchases other than developer.

Down payments as low as 10%
Available for purchase or refinance
Smartmove refinance option available

Unwarrantable

Unwarrantable means new projects not 100% complete, builder controlled HOA, or over 25% of total building square footage is commercial use. PMI is normally not obtainable which requires a larger down payment.

20% down payment or equity
20- and 15-year fixed rate options
10/6, 7/6, and 5/6 ARM options

80/10/10 Unwarrantable Condo Purchase Special

Down payments as low as 10%
Your first mortgage will cover up to 80% of the purchase price. Terms 20 and 15 year fixed, 10/6, 7/6, 5/6 ARM.
You’ll receive second mortgage for 10% of the purchase price. Terms of 5, 10, or 15 years are available

Take the first step toward your new home. Apply today!

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©2004 - 2024 Liberty Federal Credit Union. All rights reserved. Liberty FCU mortgage lending product availability may vary based on property location. Loans are subject to credit review and approval. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.

An ARM is an adjustable-rate mortgage that has an initial interest rate for the first three, five, seven or ten years and an adjustment interval of 6 months thereafter. The 7/6 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first seven years (84 payments). After the initial seven year period, your interest rate can increase or decrease semiannually based on the Secured Overnight Financing Rate (SOFR) index as published on the New York Federal Reserve website, plus our margin, which varies among Liberty FCU adjustable-rate mortgage products. Any change may significantly impact your monthly payment. The rate on 80% adjustable-rate home equity line of credit is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 90% adjustable-rate home equity line of credit has the same benefits and uses the same index with a rate of 1.5% above the prime rate. There is a maximum cap of 18% APR. Offer available for new primary mortgage loans and mortgage loans already established at Liberty FCU when refinanced with at least $10,000 new money. This offer is available on conventional conforming financing of purchases for primary residences only. Contact a Liberty FCU mortgage loan officer for details.

Gift card offer is available on financing of purchase or construction loans for primary residences only. Purchase or construction loan amounts up to $149,999 will receive a $250 gift card. Purchase or construction loan amounts of $150,000 or greater will receive a $500 Gift Card. Not valid in combination with any other offer. Product offerings may vary by state or region.

Federally Insured by NCUA, Equal Housing Lender NMLS #518136