Real Estate

Ohio Catholic Federal Credit Union has a variety of home loan solutions. We offer a wide portfolio of home loan options, including low-rate mortgages.

Fixed First Mortgages

A fixed rate mortgage has a secure rate and principle and interet payment for the life of your loan.  Choose a loan with a shorter term for a lower interest rate or choose a loan with a longer term for lower monthly payments.  Ohio Catholic offers terms from 10 years to 30 years with no prepayment penalties.

Adjustable Rate Mortgages (ARM)

ARM’s typically offer homeowners a lower initial interest rate over fixed rate mortgage options.  They are ideal for those who are only going to be in their homes for a short period or those who wish to take advantage of lower initial interest rates.  Ohio Catholic offers 3-and-5 year adjustable rate mortgages with the option to convert to a fixed rate mortgage for a small fee.

 Home Equity Lines of Credit

Home Equity Lines of Credit allow the flexibility to borrow only what is needed when it is needed.  No interest payments are paid on money that is not used. The variable interest rate is based on the prime interest rate posted in the Wall Street Journal.  Rates will depend on credit limit, credit qualifications, and loan-to-value ratio.

    • Credit Line Up to $200,000
    • 10 Year Draw Period
    • Repayment Period up to 240 Months (20 years) that is an additional 10 years beyond the 10-year Draw Period
    • Low Minimum Payments
    • Check and Home Equity VISA Credit Card Access
    • Competitive Variable Low Rates
    • Fast and Easy Approval Process
    • No Prepayment Penalty and No Early Termination Penalties if HELOC is kept open for one year or more
    • No Transaction Fees
    • Up to 100% Loan to Value (LTV) Ratio

Home Equity Loans

Home Equity Loans or Fixed Second Mortgages allow you to borrow what you need with a fixed rate and payment for the life of the loan. The rate for the loan will depend on credit limit, credit qualifications, and loan-to-value ratio.

  • Loans up to $200,000
  • Terms from 5 Years to 15 Years
  • Competitive Low Fixed Rates
  • Fast and Easy Approval Process
  • No Prepayment Penalty and No Early Termination Penalties if HEL is kept open for one year or more
  • Up to 100% Loan to Value (LTV) Ratio
  • Low Minimum Payments

Contact an Ohio Catholic Representative for rates