Home Loan Products Conforming Mortgage Loans
Conforming High-Balance Mortgage Loans
Jumbo Mortgage Loans
FHA-insured Mortgage Loans

Offering home loans to your members/borrowers can provide an important competitive advantage. CMF offers many popular loan types for both purchase and refinancing, and works with your member/borrower to find the right type of loan for their unique situation.

CMF offers :

• Flexible home loan programs for various types of properties:
• Single-family residences, PUDs, and condominiums
• First-time homebuyers
• Non-owner occupied
• Vacation homes
• A wide-array of residential mortgage product solutions to choose from:
• CMF is a FHA licensed mortgagee offering both fixed-rate and ARM products
• Conforming fixed-rate and LIBOR ARM products
• Conforming High-Balance fixed-rate product
• Jumbo fixed and LIBOR ARM products
• Mortgage Insurance up to 95% - preferred guidelines & pricing for credit unions
• CMF is an approved lender with various Secondary Market Investors

CMF offers conventional fixed and adjustable rate loans up to a maximum of $417,000.

• Conventional 30-year Fixed Rate

  A 30-year fixed rate mortgage provides you with the stability of knowing that your monthly payment of principal and interest will never change during the life of your loan. The only change in monthly payment you'd see would be due to a change in your escrowed insurance or taxes.

• Conventional 15-year and 20-year Fixed Rate

  Our 15-year and 20-year fixed rate mortgages reduce the amount of interest you'll pay by shortening the length of the loan. You get the stability of a fixed principal and interest rate, and a higher monthly payment in exchange for lower interest rate and a shorter term.

• Adjustable Rate Mortgage (ARM) - 1/1, 3/1, 5/1, 7/1, and 10/1 LIBOR ARM Loans

  In an ARM, the interest rate changes at predetermined intervals based upon the LIBOR Index, which reflects the current money market rate. Future payment amounts are dependent upon if interest rates drop, remain steady or increase, as a change in interest rates will change the amount of your monthly payments. The initial interest rate is typically lower than a fixed rate, and will remain constant for the first one, three, five, seven, or ten years, based on the program you choose. After that time, your rate can change yearly, though maximum increase caps are built in. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

CMF offers both a 30-year and 15-year conventional fixed rate for high-balance loan programs up to a maximum of $729,750. These loans give your borrowers the advantage of conforming qualifying guidelines and pricing with higher loan limits. Limits vary and are determined by the County that the property resides in.

CMF offers jumbo fixed and adjustable rate loans up to a maximum of $1.5 million, including:

• 15-year and 30-year Fixed Rate Loan Programs
• LIBOR Jumbo Adjustable Rate Mortgage (ARM) - 3/1, 5/1, 7/1, and 10/1 Programs

• FHA Loans are a great program for first-time home buyers. This is a federally-insured program for purchase and refinance transactions, with fixed and adjustable rate loans ranging from $271,010 to $729,750. For purchases, borrowers are required to have a 3.5% down payment/cash investment that can be their own funds or gift funds from family.
  • Cash Out Refinance is eligible up to 95% LTV (certain restrictions apply)
  • Rate & Term Refinance is eligible up to 97.75% LTV.
  • Loan must meet all FHA requirements
  • FHA Loan Limits are based on geographic location
  • California Properties only are allowed on FHA loans at this time
• 15-year and 30-year Fixed Rate Loan Programs
• 5/1 Adjustable Rate Loan Programs using the Treasury index

Today's Featured Rates
30 Year Fixed Rate
Rate	APR	Points
4.125%	4.364%	0.625%
15 Year Fixed Rate
Rate	APR	Points
3.625%	3.967%	0.125%
5 Year Adjustable Rate
Rate	APR	Points
3.500%	3.277%	0.125%