Real Estate

MiddConn FCU offers several different real estate loans to meet your needs. Use the equity in your home for important needs such as higher education, home improvements, debt consolidation. At the current time, we do not offer First Mortgage Loans.

Second Mortgages

We offer fixed rate second mortgages up to $200,000 with terms up to 180 months. We will lend up to 90% of the appraised value of your home minus your existing mortgage. Minimum credit score is 680. All loans are closed in-house and have no application fee, no closing costs and no attorneys fees. Please contact the credit union for an application.

Repayment Example:

96 monthly payments of $11.96 per $1,000 borrowed at 3.49%

Home Equity Line of Credit

With a variable rate home equity line of credit you can use the equity in your home to make home improvements, consolidate high-interest debt, pay for wedding expesnses, pay for educational expenses and much more. Once your line is approved, you'll have the freedom to access the approved funds whenever needed.

First Mortgages

MiddConn has partnered with The Lending Company to offer you a wide variety of mortgages, all at very competitive rates. They offer many types of mortgages for just about any income or credit situation imaginable. They run the gamut from Jumbo, to fixed rate, to ARMs, to CHFA and everything in between. Also, because you're a member of MiddConn, you are guaranteed these valuable savings and services:

Free pre-qualifications and pre-approvals
Commitments within 24 hours with proper documentation
Direct Lender, In-House Underwriting
Direct endorsed HUD FHA Lender
Competitive Rates and low closing costs
No Application Fee
Quick Closings
and a dedicated account representative - Audra DeFazio.

What are you waiting for? Contact Audra directly at 877-542-6020. You can also contact David at the credit union for more information. (David K Schonrock NMLS #407894)

Reverse Mortgages

A Reverse Mortgage is a product designed for homeowners age 62+, that turns the equity in their home into cash that can be used for any purpose. They can enjoy lifetime use of their home, without making monthly payments. We have partnered with BCI Financial Mortgage Corporation to bring this product to qualified members. Please contact a credit union loan officer for more information.