Mortgages & Home Equity

Your house is more than just a set of walls with a roof and a mortgage. It's where your life happens everyday. It's where memories are made, where you laugh and cry, where you live through the mundane as well as the extraordinary. It's your home.

At Heritage South Community Credit Union, we pride ourselves on helping where other's won't. Everyday, our mortgage officers go the extra mile to offer our members a variety of both in-house and secondary market loan programs. Our in-house mortgage loans are second to none. With fixed or adjustable rates available for up to 30 years, we can help you borrow up to 100% of the appraised value or the purchase price of the home, whichever is lower. A secondary market mortgage loan is much like a first mortgage, with a couple of exceptions. These loans originate through Heritage South but are then sold on the secondary market. This may provide additional options for a borrower. Fixed and adjustable rates are still available, but with a maximum term of 30 years. Second mortgages allow you to borrow up to 95% of the appraised value or the purchase price of the home, whichever is lower. 

Heritage South also offers VA loans! VA mortgage and refinance loans are available to eligible veterans and can offer a number of advantages over traditional loans. Talk to one of our mortgage professionals to find out more.

Are you in the market for a new home? Being pre-approved is a great first step to begin your search. Talk to a mortgage loan representative today to see if you can be pre-approved. 

Mortgage Application Process

Looking to apply for a mortgage? The process can be daunting, we know. Here is what you need to help us process your application in a timely manner:

  1. Current paystub from your employer 
  2. Two years of W2's. If you are self employed, we must have two years of tax returns. 
  3. Any child support information 
  4. Divorce Decree 
  5. Two months of bank statements from your primary account
  6. For refinances only: copy of your homeowner's insurance information 
  7. Application Fee of $50 payable to Heritage South to cover the cost of the credit report. 
  8. Daytime phone number where you can be reached

Home Equity Lines of Credit

Need money for a renovation or upgrade to your home? Our home equity line-of-credit loans are secured by the equity in your home. With approved credit, you may be able to borrow up to 100% of the loan-to-value ratio on your home’s equity, then spend the money whenever a need comes up. In some instances, rates may be as low as prime.

Have more questions or ready to move forward? Our home loan experts are here to help. Talk to one today.