First Mortgages

Buying a home is one of the most important purchases of your life. That’s why we don’t just take your information and quote a rate. We answer your questions and walk you through the entire process. Visit one of our branches for details or to apply or click here to visit our NEW Online Mortgage Center.

Land of Lincoln Credit Union offers a variety of mortgage options* to fit your needs. We offer both traditional and federally-insured options. Traditional options include:

Fixed Rate Mortgages
Your loan payment stays the same.

  • Interest rate remains the same for the entire loan.
  • Perfect if you want stay in your home for several years.
  • 15, 20, 25 and 30-year terms.

Adjustable Rate Mortgages
Your payments are a little less initially.

  • Interest rates & payments start low for the first 3, 5 or 7 years, then fluctuate with the market.
  • Perfect if you want to move in a short time or pay off the loan quickly.

Federally-Insured Options Include:

FHA Mortgages
A loan with a lower down payment.

  • Up to 97% financing.
  • 15, 20, 25 and 30-year terms.
  • Flexible credit guidelines.
  • Down payment can be gifts, savings or 401(k) withdrawals.

Rural Development (RD) Mortgages

A loan for RD designated areas with a lower down payment.

  • Up to 100% financing.
  • 30-year fixed rate loan.
  • No Private Mortgage Insurance (PMI).
  • Flexible credit guidelines.

Land of Lincoln Credit Union offers you many different mortgage options. Talk to our mortgage staff for qualifications and additional details.

* NMLS ID: 412587. First mortgage purchase and refinance loans are available in most Central Illinois Counties.