Mortgages
Home Loans Made Simple
Whether you're buying your first home, upgrading to your dream space, or investing in property, Simplicity CU makes the mortgage process easy. We offer a range of home loan options with competitive rates, personalized service, and expert guidance to help you find the perfect fit.
Prequalify for a loan as soon as the same day you apply!
Fixed-Rate Mortgage
Enjoy predictable monthly payments with a fixed-rate mortgage. Lock in a consistent interest rate for the life of your loan, giving you stability and peace of mind. Perfect for homeowners who plan to stay put and want long-term financial security.
Adjustable-Rate Mortgage (ARM)
An adjustable-rate mortgage (ARM) starts with a lower fixed interest rate for an initial period, then adjusts periodically based on market conditions. Ideal for buyers who plan to move or refinance before the rate changes, ARMs can offer flexibility and potential savings.
Construction Loans
Building your dream home? A construction loan provides the funds you need at every stage of the build. With flexible terms and interest-only payments during construction, we help you turn blueprints into reality.
Land Loans
Found the perfect piece of land? Our land loans offer financing for residential lots, acreage, and rural properties, giving you time to plan and build when you're ready.
Additional Home Loan Options
WHEDA Loans
Designed for first-time homebuyers and low-to-moderate-income borrowers, WHEDA loans offer affordable financing with low down payment options.
Home Equity Loans
Tap into your home’s equity with a fixed-rate loan, ideal for renovations, debt consolidation, or major expenses.
Home Equity Line of Credit (HELOC)
Access flexible funds with a HELOC, allowing you to borrow as needed for home improvements or other financial goals.
Refinance Your Home
Lower your monthly payments, shorten your loan term, or access equity with a home refinance tailored to your needs.
Mortgage Promotions
Lock & Shop!
Lock a great rate and shop for your perfect home with Simplicity CU
It's simple1:
1. Apply for your pre-approval.
2. Get the rate that works for you and lock it in for 90 days.
3. Take the time you need to shop for your next home.
1Mortgage loans are subject to credit approval and membership eligibility is required. A variety of rates and terms are available. Simplicity Credit Union offers options through: Downpayment Plus® is provided by Federal Home Loan Bank of Chicago, Wisconsin Housing & Economic Development Association (WHEDA), and the United States Department of Agriculture (USDA).
Downpayment Plus®2
Through the Downpayment Plus®2 Program, up to $10,0003 may be available to eligible homebuyers to use towards down payment and closing costs. Ask one of our loan officers today about to see if you are eligible.
2Downpayment Plus® program funds ar elimited and controlled by a number of program parameters. Therefore, we cannot guarantee that all qualified prospective buyers will be able to gain access to the program. Grants will be awarded to qualified applicants statewide on a first-come, first-served basis.
3Amount accurate as of 1/1/2024. See www.fhlbc.com > Homebuyers' for more information. Amount subject to change.
Rate% Drop Guarantee
Our members are guaranteed a refinance if rates drop by 1% within 18 months of their 1st mortgage loan with Simplicity.
4Rate Drop Guarantee applies to in-house loans only. Mortgage loans are subject to credit approval and membership eligibility is required. A variety of rates and terms are available.
APR = Annual Percentage Rate. Additional rates and terms are available. All standard closing costs apply. Personal & Mortgage loan options with multiple rates & terms available. Membership eligibility is required and loans must meet our standard underwriting guidelines. Equal Housing Opportunity. NMLS # 691144.