Mortgage Loans

GOOD IS FINDING THE HOME OF YOUR DREAMS. GREAT IS FINDING OUT YOU CAN AFFORD IT.

At CME, we make finding the right mortgage, applying for it and processing it easy and painless. Contact our Mortgage team for personal service and knowledgeable advice.

 

For mortgage payoffs and questions regarding mortgages please contact mortgageloans@cmefcu.org

 

MyTia Denton

Mortgage Loan Originator
NMLS# 1817551
Direct #: (614) 396-4607
Fax: (614) 583-9012
Email: mdenton@cmefcu.org
CME Federal Credit Union
150 E Mound St, Ste 100
Columbus, OH 43215

Ryan Hall

Mortgage Loan Originator
NMLS# 1597920
Direct #: (614) 396-4602
Fax: (614) 583-9006
Email: rhall@cmefcu.org
CME Federal Credit Union
150 E Mound St, Ste 100
Columbus, OH 43215

A full list of MLOs registered with CME can be found by researching the CU on the NMLS Consumer Access website.

First-Time Home Buyers

Now is the perfect time to consider purchasing your first home! With low rates and affordable prices, consider a mortgage from CME!

Only 5% Down with NO MONTHLY PMI! Check out CME mortgage options below.

ARM Mortgage Loan

Payments are subject to change based on current rates. ARM loans are variable-rate loans. Interest rates and payments may increase after consummation.

5/1 ARM SAMPLE PAYMENT

5/1 ARM with a term of 30 years for $200,000.00 with an APR* of 6.706%
Initial Interest Rate of 5.35%
Monthly payments for years 1 – 5 would be $1116.83
Monthly payments for years 6 -30 would be $1316.16 (based on the current Index Plus Margin)

7/1 ARM SAMPLE PAYMENT

7/1 ARM with a term of 30 years for $200,000.00 with an APR* of 6.960%
Initial Interest Rate of 5.60%
Monthly payments for years 1 – 5 would be $1148.16
Monthly payments for years 6 -30 would be $1350.33 (based on the current Index Plus Margin)

APR* = Annual Percentage Rate. Subject to membership eligibility and credit approval. Monthly payments do not include taxes and insurance; the actual payment obligation will be greater.

Mortgage Options

CME FIXED-RATE MORTGAGES

A fixed-rate mortgage offers predictable payments that never change over the life of your loan, no matter what the markets may decide to do with interest rates.

We offer:
• 10, 15, and 30-year terms with low closing costs
• Down payment requirements as low as 5%

For more information or to apply, call us at (614) 224-8890 or toll free at (888) 224-3108.

Mortgage Application


CME ADJUSTABLE-RATE MORTGAGES

At CME, we’re here to help make homeownership more affordable and flexible. Our adjustable-rate mortgage (ARM) options offer a competitive initial interest rate, with payments that stay fixed for a set period to provide greater predictability as you settle into your new home.

CME offers adjustable-rate mortgage products designed to provide a competitive starting rate and low upfront costs. With a 5/1 ARM, your initial rate and payment remain fixed for the first 60 months. With a 7/1 ARM, they remain fixed for the first 84 months.

After the initial fixed-rate period, the interest rate and monthly payment will adjust once each year. Loan terms from 10 to 30 years are available, and no escrow is required.

Ready to learn more or apply for an adjustable-rate mortgage? Call us at (614) 224-8890 or toll free at (888) 224-3108.

Mortgage Application

VA LOANS

There is mortgage help available if you, or your spouse, are eligible veterans, active reservists, or active duty military personnel. The U.S. Department of Veterans Affairs (VA) guarantees loans for eligible military personnel. These are 30- year mortgages with zero down payment and no private mortgage insurance required. They can also be assumed by other eligible veterans.

  • 100% Financing

  • Seller Concessions

  • No Pre-Payment Penalty

  • No Private Mortgage Insurance

  • Owner Occupied (the home financed is being occupied by the mortgage borrower)

  • Assumable Loans (when the home buyer takes over the obligation of the seller without any change in the terms of the new loan)

  • Manufactured Homes

Check out the information on the VA website to find out how to get a certificate of eligibility. For more information or to apply, call us at (614) 224-8890 or toll free at (888) 224-3108.

Loan Application

FHA LOANS

An FHA loan, offered by the government and insured by the Federal Housing Administration, is a good option for many first-time home buyers with a much lower down payment requirement, as little as 3.5% of the purchase price.

  • Competitive rates

  • More flexibility in qualifying

  • Refinancing options available

  • 15 and 30-year fixed-rate mortgages for purchase or refinance

Loan Application

Loan Calculator

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