First Time Home Buyer Programs

*15/5 ARM for First Time Home Buyers: 690 minimum credit score, must be owner occupied single family/one unit property. Must have direct deposit into a Central One account. In order to be considered a first time home borrower you must not have owned property in the past three years. The $999.00 closing costs do not include Owners Title Insurance and Pre-paid items such as Property Insurance, Tax Escrow, and Pre-paid insurance. Additional fees may apply, speak to a Mortgage Loan Officer for details.
**The PMI premium is lender paid (“lender credit”) as a single premium payment from the credit union on behalf of the borrower. Subject to PMI approval.

‡Annual Percentage Yield. Premium rate based upon Central One’s Regular Savings Account plus 1%.

***Mortgage Rate Reduction and Jumbo Fixed Rates Requirements: In addition to maintaining Central One membership requirements, mortgage must be on primary residence purchase only. All loan programs, rates, terms and conditions are subject to change. Loan approval and actual rate will be determined based on credit history, term, loan to value, and other factors. Please contact a Lending Specialist at 800-527-1017 for additional information.

Savings and Money Market Accounts (Share and Maxi) Disclosure: Dividend rates are accurate as of the last dividend declaration date. All savings and money market accounts are considered variable rate accounts and rates are subject to change at any time without notice. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earning on the account. Refer to Central One Federal Credit Union’s Member Service Agreement and Schedule of Service Charges.