• 5 year balloon, 360 month amortization
• Borrow up to 85% of appraised value, or purchase price, whichever is less.
• Only out of pocket closing costs, no added fees
• No pre-payment penalties
• True bi-weekly or weekly payment options saves you thou$ands.

Gateway Funding, our long-term fixed rate mortgage partner – MCECU works with you.

• Fixed Rate mortgages 10, 15, 20, 25 and 30 year terms
• First Time Home Buyers – as little as 3% down for low to moderate income borrowers
• FHA – low down-payment, higher qualifying ratios and low qualifying credit scores
• VA – 0% down. Loans to qualified Veterans
• Reverse Mortgages – Seniors can take advantage of Home Equity with NO repayment
• Buy down Programs –Offer initial interest rate Reductions
• Investor/Second Home Programs – building wealth with real estate
• New Construction Programs – with capped rates available
• Jumbo Loans – Purchase. Re-finance. Second Homes.
• USDA Rural Development – no down payment required. Low monthly mortgage insurance.
• WHEDA – first time home buyers, 3% down.
• Manufactured homes – requires high credit score to qualify

Also - Adjustable Rate Mortgages (ARMS) for initial low payments or to qualify with more buying power

Re-financing? New Purchase?  Get pre-approved and know what you can afford. Gateway Funding can help you with custom programs to meet your individual and unique mortgage needs.

Home Equity Mortgages  Held in-house at MCECU.

Use the equity in your home to re-model, purchase large items, pay off credit cards, or access funds for any good purpose.

• Borrow up to 85% of appraised value.
• Bi-weekly or weekly payments save you money.
• No pre-payment penalty.
• Minimal out of pocket closing costs.

Lot & Land Loans   Held in-house at MCECU.

Get the financing to purchase a lot loan for recreation, vacation or your new home.

• Borrow up to 75% of appraised value, or purchase price, whichever is less.
• Bi-weekly or weekly payments save you money.
• No-prepayment penalty.