MariSol Federal C- Products

Home

Mortgage Loan Center

Mortgage Products

About Us

FAQ

Information Center

MariSol Federal Credit Union offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide: Home Equity Credit Line (HELOC): This is a flexible line of credit that is secured by your home. • Credit limits up to 85% of the available equity in your home. Amounts from $15,000 to $200,000. • No origination fee, no discount points or annual fees. Only fee is the appraisal fee. • Owner occupied Arizona homes only. • Variable rate based on the Prime Rate plus a margin. • Draw period on the credit line is 7 years, then take another 10 years to repay in full. Home Improvement Credit Line (HILOC): This is a flexible line of credit that is secured by your home. • Credit limits up to 90% of the available equity in your home. Amounts from $15,000 to $50,000. • No origination fee, no discount points or annual fees. No fees--period! • Owner occupied Arizona homes only. • Draw period on the credit line is 5 years, then take another 10 years to repay in full. Fixed Term Second Mortgage Loans: For members who prefer the steadiness of a fixed rate and a fixed term. • Loans up to 85% of the available equity of your home. Amounts from $10,000 to $150,000 • There is a 1% loan origination fee and no discount points or annual fees. • Terms up to 15 years • Owner occupied Arizona homes only. Second homes in Arizona are eligible. Conventional, FHA, and VA Mortgage Loans: The perfect home deserves the perfect loan. MariSol has a variety of home loan solutions for you. MariSol offers Conventional, FHA and VA financing for purchases and refinances. MariSol works with partner Centennial Lending, LLC to process and service these loans. Members can choose 10 year to 30 year terms, fixed rates and adjustable rate mortgages fit the needs of each individual borrower. Click Here to Apply MariSol Pay Yourself Mortgage: FOR PURCHASE ONLY MariSol is committed to helping low and moderate income borrowers achieve their dream of home ownership. FHA, VA and conventional financing all have some form of mortgage insurance. Those insurance premiums go to an insurance company. OR with a MariSol Pay Yourself Mortgage those premium dollars being paid to you instead of paying private or FHA mortgage insurance. Here is how it works! • This is for homes in Maricopa County Only • Premium is .75% of the loan amount. • Loan Amounts up to $300,000 terms up to 30 years • LTV up to 97% - Borrower has to put 3% down Ask one of our Loan Officers for details Available Home Insurance through TruStage: TruStage Home Insurance: Your home is an important investment. You want to protect it, but don't want to pay a fortune for it. No worries, MariSol has chosen the TruStage Homeowners Insurance program available to you. You could save up to $427.96 a year! Discounts on Homeowners Insurance: • New home • Smoke detectors • Burglary and fire alarms • Inflation protection • Multi line policies Benefits for Homeowners Insurance: • Guaranteed home repairs • Fast service – many claims are settled on the spot • Hassle-free replacement of personal items • Assistance finding temporary living, if needed For more information, Click here or call 1-888-888-0375.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.