Mortgage Loans

Kara Spencer

Mortgage Loan Originator
NMLS# 1107275
Direct #: (614) 224-8890
Opt 9, ext. 8130
Fax: (614) 699-4716
Email: kspencer@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

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.

CME "NO NONSENSE" ADJUSTABLE RATE MORTGAGE

Adjustable-rate mortgages start out with a lower rate than a typical fixed-rate loan, so you can afford more house for the same payment.

For example; Our 5/1 ARM gives you a competitive rate, low up-front costs, and a guaranteed payment for 60 months. Loan payments are adjusted every 1 year thereafter with terms of 10 to 30 years are available. But what really makes a CME adjustable-rate mortgage great is that your mortgage payments and adjustments will often be lower than other mortgage providers, so you can always be sure you’re getting the best rate possible.

• No escrow required

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

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.

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