Real Estate



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Fantasizing about your dream home? Make it a reality with a mortgage loan from Class Act. We have numerous options for purchasing a home or refinancing.

 

Getting a mortgage doesn’t have to be hard. Class Act’s friendly mortgage officers are with you every step of the way.

Here are some quick guides to help you with the home buying process!

Private Mortgage Insurance

You Are Pre-Approved

Do’s And Don’ts

Getting Your Act Together

 

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!

 

Gabrielle Wermuth              Mortgage Loan Originator               502-212-3172  gwermuth@classact.org                NMLS ID: 1774081
Terri Fisher                               Mortgage Loan Originator               502-212-3145        tfisher@classact.org                        NMLS ID: 420140

 

 

 

 

 

 

 

 

 

 

Yvonne Overstreet
Yvonne Overstreet              Mortgage Lending Manager               502-212-3115  yoverstreet@classact.org                NMLS ID: 246067

 

 

 

 

Rates shown are as low as

DescriptionMaximum AmountMinimum TermAnnual Percentage Rate
Home Equity Loans80% Loan to Value15 years / 7 years drawAs low as 5.50%
Closed End Fixed Rate 2nd Mortgage$100,000121 to 180 monthsAs low as 7.00%
Closed End Fixed Rate 2nd Mortgage$100,00061 to 120 monthsAs low as 6.00%
Closed End Fixed Rate 2nd Mortgage$100,000Up to 60 monthsAs low as 5.00%
5/5 Adjustable Rate Mortgage95% Loan to Value30 yearsApply Now!
Mortgage Loans 1st MortgagesClick HereClick HereApply Now!

Employees who are Mortgage Loan Originators (MLO) are registered in the Nationwide Mortgage Licensing System (NMLS). Their identification numbers are as follows:

NameNMLS ID
Class Act Federal Credit Union403005
Teresa M. Meibers420140
Justin Daniel Doss1093227
Gabrielle Marie Wermuth1774081
Yvonne Overstreet246067

*All loans are subject to credit approval and program guidelines. Rate may vary based on individual credit worthiness. All terms and conditions are subject to change at any time.

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