Home Loans

Home Loans

First Mortgage Loans

SunWest has entered into a partnership with CU Members Mortgage, one of the nation's leaders in mortgage service providers. CU Members is a full-service residential first mortgage lender especially designed to assist credit union members with home financing. Apply NOW!

Home Equity - Second Mortgage Loans

Home Equity Fixed Rate

Our closed end, fixed rate second mortgage loans offer a term up to 180 months and up to ¹100% loan-to-value at varying rates depending on your desired term and/or loan-to-value. This means that SunWest will lend up to ¹100% of the determined value of your home, less any encumbrance(s). Apply NOW!

¹ For loan requests with Loan to Values between 91% and 100%, exceptions may be considered.

Home Equity Interest Only Revolving Loan

SunWest offers an interest only type of Home Owner Members Equity (HOME) Revolving Loan. Currently, it offers no annual fee, $200 minimum advance, and 70% of your home's appraisal (less any encumbrances). You can access your Home Equity Interest Only Line of Credit by using drafts issued at the time your loan is disbursed ($200 minimum draft), through VAL-our audio response system, or by visiting any of our branch offices.

With the Interest Only loan, you make interest-only payments for the first 24 months, making for a very low payment. The annual percentage rate is based on the prime rate as published in the Wall Street Journal, adjusted bi-annually (floor of 4.50% APR*/maximum 18.00%APR*). The minimum line of credit is $5,000 with a maximum of $50,000. You may also be able to deduct the interest you pay on this loan, but you may want to consult with your tax advisor. Apply NOW!

Home Equity - VISA Platinum

SunWest is proud to offer our Home Equity Line of Credit Loan with the VISA Platinum Preferred Credit Card. The VISA Platinum Preferred Credit Card is attached to our Home Equity Line of Credit, secured by a second mortgage on your home.

We will lend you 90% of the value of your home (less any encumbrances), with a credit limit available up to $100,000. No closing costs*, no points, no transaction fees or balloon payments required. No annual fees or other hidden charges. The draw period for advances is 60 months and this draw period automatically renews every 5 years until you put the loan into the repayment mode.

With the VISA Platinum Preferred Credit Card,

• We offer a 25 day grace period on purchases, if the balances are paid in full each month.
• Loan drafts are also available to access your line of credit, at no cost to you.
• Monthly payments are very low with a required payment of only 1.50% of the outstanding balance per month.
• The interest rate on our Home Equity Line of Credit is variable and tied to Prime Rate, with no margin. We have a floor of 4.50% APR* and a maximum of 18% APR*.
• And, because the VISA Platinum Preferred Credit Card is secured by the equity in your home, you may be able to take a tax deduction on the interest you pay. However, we suggest you consult with your tax advisor. This tax deductibility could save you hundreds of dollars a year.

And, with the VISA Platinum Preferred Credit Card, you also gain other recognized features when you carry this credit card.

• Prestige and Status of carrying the Platinum Credit Card
• Extra Service Features
• Purchase Assurance
• Extended Warranty
• Car Rental Insurance Coverage
• And many more features are included with this program
• Earn Bonus Reward Points
• Earn one point for every net dollar of purchases made. Points are redeemable for merchandise - even airline tickets. You can accumulate points for up to 5 years.

Track and redeem your Scorecard Bonus Reward Points On-Line. Browse the Merchandise or Travel catalogs, find out how many Bonus Points you have earned, and redeem those points, all in one site.

Using the VISA Platinum Preferred Credit Card and the equity in your home can be used as a 'financial management' tool to:

• Maximize your tax deductions (consult your tax advisor)
• Consolidate your debt to lower your monthly payments
• Control and manage your debt all in one place
• Borrow or advance on your line of credit anytime, without having to apply for a new loan
• Peace of mind that emergency funds are immediately available

DON'T THINK OF OUR HELOC LOAN AS ONLY A 2ND MORTGAGE LINE OF CREDIT...THINK OF OUR HELOC AS A 'SECURED' CREDIT CARD. Apply NOW!

*APR = Annual Percentage Rate