TVFCU’s Mortgage Loan is a mortgage on your primary residence. It can be either a new purchase, or first or second lien on your home. The property must be in Genesee County or a county adjacent to Genesee County and may be up to a four family dwelling. The interest rate on the mortgage is tax deductible. Your rate may be a fixed or variable rate up to a 30-year term. (The interest rate is subject to change with weekly index.)

We will lend up to 80% of the appraised value on your home. An appraisal, credit report, and flood zone certification are required. In addition, there are closing costs that can be financed into your mortgage. There is no escrow account.

To apply for a Mortgage Loan just make an appointment with one of our Mortgage Officers. You will be required to bring the following information with you to complete the application process:

• *A signed purchase offer
• 3 most recent consecutive pay stubs for each person applying
• 2 years signed federal income taxes with W2’s (3 years if you are self-employed or a new purchase)
• Copy of the deed to your home
• Statements of any accounts you wish to list as assets
• Most recent paid county, school, and village taxes
• Statements of debts to be paid with mortgage
• Statement of current mortgage balance
• Copy of Homeowners/Flood insurance policy
• Abstract, after approval
• Copy of survey

*This information is required only if it is a first purchase. It is not necessary for a second mortgage or refinance situation.

Should you have any questions please contact our Mortgage Department.

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