Whether you're purchasing a new piece of land or a new home, building a brand-new home, or looking to refinance your current home, Y-12 FCU has home lending options to fit your needs and budget.

Need a little help? Unsure of what's right for you? Our local home lending advisors have the knowledge, education, and experience to help you find the right product.

Options available for qualified buyers (up to $484,350)

No private mortgage insurance on several products

Loan-to-Value up to 100% on purchase of primary residence 

(amount caps of $550,000 from 97-100%) 

The Y-12 Federal Credit Union team of Home Lending Advisors share years of member service experience. They understand the qualification requirements for mortgage loans, with the knowledge, education and experience to help borrowers find the right product for the right purpose.

Need a little help? Unsure of what's right for you? Our local home lending advisors have the knowledge, education, and experience to help you find the right product.

Request an appointment with your local home lending advisor! Simply click "Learn More" below any of our home lending advisors above to view their contact information, learn more about them, and make an appointment.

(with only one adjustment)

Whether you're purchasing a new piece of land or a new home, building a brand-new home, or looking to refinance your current home, Y-12 FCU has home lending options to fit your needs and budget. Use our online rate calculators to estimate your payments.

Fixed-Rate Balloon Mortgages 30/15

Fixed-Rate balloon products have a term of 15 years for the balloon term but may be amortized for 20 or 30 years. Balloon products have an unpaid principal balance due after the fixed 15-Year period.

Adjustable-Rate Mortgage 15/15

Adjustable-Rate Mortgage (ARM) is variable and your rate may increase after the original rate period. The adjustable rate mortgage is tied to the 10-Year CMT index. Adjustable rates cannot change more than 6% at the adjustment period and cannot adjust more than 6% over the life of the loan.

• Payment example: A 15/15 30-Year Adjustable Rate Mortgage of $200,000 for 30 years at 3.375% interest and 3.467% APR will have a monthly payment of $894.41.

Adjustable-Rate Mortgage 5/5

Adjustable-Rate Mortgage (ARM) is variable and your rate may increase after the original rate period. The adjustable rate mortgage is tied to the 10-Year CMT index. Adjustable rates cannot change more than 2% at the adjustment period and cannot adjust more than 5% over the life of the loan.

• Payment example: A 5/5 30-Year loan of $200,000 for 30 years at 2.375% interest and 2.459% APR will have a monthly payment of $785.99.

Jumbo Loans

Loan amounts over $484,350 may qualify for a jumbo product from our portfolio line. Products offered are 15/15 ARM, 5/5 ARM, and up to 12-Year fixed. Jumbo loans are allowed to go up 100% with no Private Mortgage Insurance. There are loan amount restrictions for loan-to-values over 97%. Rates are competitive. Jumbo loans require .50 basis point origination fee.

Fixed Rate

We offer fixed rate for terms from 10-30 years.

• 10-Year Fixed Payment example: A 10-Year Fixed loan of $200,000 for 10 years at 2.500% interest and 2.732% APR will have a monthly payment of $1,906.57.
• 15-Year Fixed Payment example: A 15-Year Fixed loan of $200,000 for 15 years at 2.875% interest and 3.037% APR will have a monthly payment of $1,384.73.
• 30-Year Fixed Payment example: A 30-Year Mortgage loan of $200,000 for 30 years at 3.750% interest and 3.840% APR will have a monthly payment of $936.47.

Rapid Refi

Minimum loan amounts are $50,000, maximum loan amount is $200,000 for 5-12 year fixed, Adjustable Rate Mortgage 5/5 and 15/15. Minimum credit score is 680. Loan to value does not exceed 80%.

More Information

We offer no Private Mortgage Insurance (PMI) on some mortgage products, and unimproved land loans. We now offer referral options for VA, FHA and USDA products. For more information on how these products may benefit you, please contact one of our Home Lending Advisors who will assist you in determining the right product for your needs.

All loans subject to credit approval. Taxes and insurance not included in payment examples; your actual payment obligation will be higher. Other restrictions apply. Other mortgage products/programs available. NMLS# 441816. Y-12 FCU is an Equal Housing Lender.

501 LaFayette Drive, Oak Ridge, TN 37830

Phone: 865-482-1043

Toll Free: 800-482-1043

y12info@y12fcu.org

www.y12fcu.org