Your Legacy Federal Credit Union is anxious to provide you with a positive home loan experience. We pride ourselves on providing a quick pre-approval at time of application, an expedited underwriting process, and a short time frame until the loan closing takes place.
We offer fixed rate home mortgages with terms of 10, 15, 20, and 30-year terms at competitive interest rates and closing costs. In connection with fixed rate home loans, Your Legacy Federal Credit Union assists with the application and closing processes; however, your actual lender is Superior Financial Services, a CUSO (Credit Union Service Organization), located in Lima, Ohio. The application, appraisal, and closing all take place locally with us. Your payments are remitted to Superior by either mail or an electronic form of repayment.
Your Legacy Federal Credit Union also has ARM (Adjustable Rate Mortgage) loans available. An adjustable rate loan has a 1 or 3-year adjustment period including interest rate adjustment limitations or interest rate “caps.”
Whether a fixed rate or adjustable rate home loan is best for you, we at Your Legacy Federal are more than happy to partner with you in achieving your goals. Whether it be to purchase a new home or refinance your existing loan to lower the interest rate and payment amount or to utilize the equity in your home for other wants or needs, we stand ready to serve.
Please call us when exploring your next home loan. You will be glad you did!