We’ll always be here for you and that’s why we are holding our 30 year fixed rate mortgages at 3.094% APR* for the time being. Create the home of your dreams while keeping piece of mind about your wallet. If you need money for a down payment, take a look at the Welcome Home Grant below!
We’re people helping people & we’ll always be here for you.
Here are some quick guides to help you with the home buying process!
See if you are eligible for the $5,000 Welcome Home Grant here
5/5 Mortgage
Imagine being able to buy a home with only 5% down without having to pay any dreaded private mortgage insurance (PMI). Class Act is happy to announce the addition of 5/5 mortgages to give our members those exact benefits and more. Our 5/5 mortgage is an adjustable rate mortgage for terms of 10 to 30 years. The initial rate remains constant for a full five years, and then adjusts (up or down) after each 5 year period to the LIBOR- indexed market rate at that time. To protect members from sudden large increases, we’ve placed limits so that the rate cannot be raised more than 2% for any one adjustment period, with a 6% cumulative lifetime cap on rate hikes. At today’s rates (as low as 3.50%) members are assured that the rate will not go up more than 2% for ten years. The 5/5 mortgage is well-suited for first time buyers and for those who don’t plan to stay at that house for more than 10 years. Call 502.964.7575 to speak with one of our mortgage loan specialists to see if our new 5/5 mortgage is right for you.
Meet the Team
Our Mortgage representatives would love to help you through the home-buying process!
Rates shown are as low as
| Description | Maximum Amount | Minimum Term | Annual Percentage Rate |
|---|---|---|---|
| Home Equity Loans | 90% Loan to Value | 15 years / 7 years draw | As low as 3.25% |
| Closed End Fixed Rate 2nd Mortgage | $100,000 | 121 to 180 months | As low as 5.25% |
| Closed End Fixed Rate 2nd Mortgage | $100,000 | 61 to 120 months | As low as 4.25% |
| Closed End Fixed Rate 2nd Mortgage | $100,000 | Up to 60 months | As low as 3.25% |
| 5/5 Adjustable Rate Mortgage | 95% Loan to Value | 30 years | Apply Now! |
| Mortgage Loans 1st Mortgages | Learn More | Learn More | Apply Now! |
*Annual percentage rate is representative of rate & closing costs based on loan amount of $150,000, fixed term of 30 or 15 years with standard closing costs which do not included pre-paid interest or optional owners title insurance. Rate is subject to change without notice. All mortgage loans are subject to approved credit.
Employees who are Mortgage Loan Originators (MLO) are registered in the Nationwide Mortgage Licensing System (NMLS). Their identification numbers are as follows:
| Name | NMLS ID |
|---|---|
| Class Act Federal Credit Union | 403005 |
| Teresa M. Fisher | 420139 |
| Justin Daniel Doss | 1093227 |
| Gabrielle Marie Wermuth | 1774081 |
| Pamela E. Farmer | 454291 |
| Stephen L. Green | 1913841 |
