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Tip from Hank

Home Loans

As a member, you’ll get access to great mortgage rates with flexible options so you can choose the loan that best fits your needs. Contact our knowledgeable Real Estate staff to help tailor a loan program to meet your financial and homeownership goals.

View all mortgages rates

With approved credit. Some restrictions may apply.

CONVENTIONAL
Traditional mortgage available for primary or secondary residences. Flexible down payment options available starting at 3% for first-time home buyers.
Interest Rate as low as1
4.375%
APR as low as1
4.445%
10, 15, 20 and 30 year terms
3% Minimum Down Payment
Fixed rate. PMI required for down payments less than 20%. First-time buyer’s incentive – save up to $700 in closing costs!
FHA4
Provided through the Federal Housing Administration, this program offers lower down payments and fixed-rates. Available for purchase loans only.2
Interest Rate as low as1
4.750%
APR as low as1
4.816%
15 and 30 year terms
3.5% Minimum Down Payment
Gifts allowed from relatives for down payment and closing costs. Available on 1-4 unit properties. Upfront mortgage insurance (UFMIP) required.
USDA4
United States Department of Agriculture backed loan with no down payment requirement and favorable rates. Available for purchase loans only.3
Interest Rate as low as1
4.750%
APR as low as1
4.816%
15 and 30 year fixed rate terms
0% Minimum Down Payment
Eligibility determined by home location, income level and other requirements. Limited to single family residences. Mortgage insurance required.
VA4
If you served in the U.S. military or are an active service member you may be eligible for a Veteran’s Administration loan which offers competitive fixed-rates on your primary residence.3
Interest Rate as low as1
4.750%
APR as low as1
4.816%
15 and 30 year terms
0% Minimum Down Payment
Fixed rate. No mortgage insurance requirement. Must be primary residence.

All rates quoted with zero points. For refinancing or for non-owner occupied, loan amounts under $50,000 or more than $453,100 (Jumbo Rate), please contact staff in the MCU Real Estate Loan Department. All rates and terms are subject to change at any time. Please call for current rates and terms.

1APR = Annual Percentage Rate. Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Rates subject to change at any time. The loan origination fee may be waived for a 0.25% rate increase. APR Assumptions: APRs are calculated using loan amount of $150,000. APRs include 15 days accrued interest; assume monthly repayment; maximum loan-to-value of 80%. Average closing costs are $1650. APRs, monthly payments and closing costs may vary depending on the borrower’s particular set of circumstances.

2Federal Housing Administration (FHA) loans require a minimum of 3.5% down payment. FHA loans are subject to an up-front mortgage insurance premium of 1.75% of the loan amount, in addition to a monthly mortgage insurance premium, depending on the loan term and loan-to-value (LTV).

3100% financing loans include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval. Available for purchase loans only.

4Only available for property in Cole County or Boone County.

Call for rates on duplexes, condos, investment property or cashout refinances.

(573) 874.1477 | Columbia
(573) 635.8007 | Jefferson City
(800) 451.1477 | Toll-free (Outside of Columbia or Jefferson City only)
(573) 874-1300 | FAX Columbia Downtown
(573) 635-5761 | FAX Jefferson City
(573) 817.5445 | TTY-TDD