TLC Community Home > Loan Products > Mortgages

Purchase a New Home

TLC can help whether you are a first-time buyer or seasoned purchaser. When you are ready to buy, contact one of our loan officers to discuss your financing options.

Re-Financing Your Home

There are various reasons for re-financing your home. Whether it’s to get a lower rate, lower payment or to consolidate your debt, TLC can has the professional staff to assist you with your needs.

Types of Mortgages

There are several types of mortgages that people may use to buy or refinance a home. TLC Community Credit Union offers fixed-rate mortgages and adjustable-rate mortgages. Where Do I Go for a Home Loan?

Fixed-Rate Mortgage

A fixed-rate mortgage is when the interest rate does not change during the entire term of the loan. TLC offers fixed rate mortgages in 15, 20, 30 and 40 year term periods.

Adjustable-Rate Mortgage

An adjustable-rate mortgage (ARM) is a mortgage that has an interest rate that will adjust periodically. There is a limit, called a cap, to how much the interest rate can fluctuate (based on the terms of the loan). Traditionally, the interest rate is lower than a fixed-rate mortgage. TLC has several different ARMs to choose from. One of our experienced loan officers can help you find one that is right for you. 

Where Do I Go for a Home Loan?

TLC Community Credit Union has loan officers available at all of our branches. They can walk you through the application process. From the planning stage through completion, your loan officer will be there to help you with all your financial needs. In addition, they may suggest other TLC products that will save you money, time or be more convenient for you.

Decisions Made Locally

All decisions are made locally. The loan officer that assists you with your loan application will help you throughout the loan process. In case you have questions in the future, a TLC loan officer will help you with all of your questions and/or concerns.

Rate Lock

Ask your loan officer about rate lock options. You may be able to lock in today’s rate for
up to 30 days. When you’re ready, give us a call to discuss current rates, details and financing arrangements.

What to Bring With You When You Apply

First Mortgage Application–Purchase of a New Home

• Copy of first mortgage
• Copy of title policy or abstract
• Existing account numbers and balances of savings, checking accounts and loans
• Property tax statements for the last year (summer and winter)
• Statement of current mortgage balance
• If self employed – Past 2 years of income tax returns
• If not self employed – Past 2 years of W-2s
• Name and address of employer
• Current pay check stubs for verification of income
• Current homeowners insurance policy

Re-Financing, Home Equity, Second Mortgage, Bridge Loan

• Purchase agreement for new home
• Existing account numbers and balances of savings, checking accounts and loans
• If self employed – Past 2 years of income tax returns
• If not self employed – Past 2 years of W-2s
• Name and address of employer
• Current pay check stubs for verification of income

 Apply today and make your dream of home ownership a reality.

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