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CSE Loans

Buying your next home?

CSE has options for getting members into home loans that work best for them. No one person is the same, and we keep that in mind when making mortgages for our members. Whether you’re trading up or downsizing, we have options for financing your next home. Take a look at what we can offer you:



Use our Mortgage Calculator to see how much home you may be able to afford.

Mortgage Options

FHA

  • Often a good choice for first time home buyers
  • Need a Lower down payment option
  • More lenient on credit guidelines
  • Greater flexibility evaluating school loan indebtedness
  • Flexible down payment sources- such a gift from a family member

 


 

Conventional

  • Works well for folks with strong, established credit and 5%-20%  down payment
  • 2nd homes and investment properties are eligible
  • Adjustable rate options available & may make sense for you, depending on current rate environment
  • Mortgage Insurance options are flexible (for placing less than 20% down) and the premium is released after a certain period of time

 


 

Veterans Administration (VA)

  • For eligible veterans
  • 100% Financing with no down payment
  • Often a good choice for first time home buyers
  • Need a Lower down payment option
  • More lenient on credit guidelines
  • Greater flexibility evaluating school loan indebtedness
  • Flexible closing costs of which seller can pay a portion

 


 

USDA Rural Development (RD)

  • 100% Financing with no down payment
  • Property in a USDA designated eligible area
  • Income is under USDA limits
  • Often a good choice for first time home buyers
  • Need a Lower down payment option
  • More lenient on credit guidelines
  • Greater flexibility evaluating school loan indebtedness
  • Flexible closing costs of which seller can pay a portion

 

Let's Get Started

If you are interested in a mortgage, please complete the form below. A mortgage expert will be in touch with you shortly.

* = required field
Name (First & Last) *
Phone *
Primary Email *
Are you planning on selling your current home before buying? *
What is your currently monthly payment? *
What is a comfortable monthly mortgage payment for you? *
What price range do you have in mind for your next home? *

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 ​Pre-Approval Appointment

At the initial appointment, we will order a credit report so that we may determine your eligibility for mortgage loan programs. Also, please come prepared with the following:

  • 30 Days or most recent Paystub
  • 2 Years of Annual Tax Returns and W-2’s
  • 2 Months Most Recent Bank Statements to verify down payment as needed

If Applicable:

  • Landlord Name, Address & Phone Number
  • Divorce/Separation Agreement
  • Bankruptcy
  • Child Support
  • Social Security Award Letter
  • Pension Award Letter
  • Copy of Diploma (if employed less than 2 years)

*For your convenience, we can offer to receive these via email or fax.

 ​FAQ’s

Q: My current home is FHA, can I use that program again?

A: Yes, you can use FHA multiple times but you typically need to have sold or paid off your first home as you can only have one FHA loan at a time, although there are special exceptions.

 


 

Q: Can I use my VA again?

A: Yes, but you typically can only have only one VA loan at a time. Also, if you’re placing a larger down payment, the VA program may be of little value to you and the next time you use the VA program, fees are a little higher.

 


 

Q: Can I use equity from my current home to buy my next home?

A: Possibly. CSE will issue a line of credit for up to 80% of your current home’s appraised value and depending on credit etc., possibly 90%. You may be able to draw equity for down payment on your next home. Find out more about CSE’s equity products.

 


 

Q: Is there a way to avoid having two mortgage payments until I sell my current home?

A: Unfortunately, no. You’ll have to qualify for both mortgage payments, taxes, insurance, and any other house payments that you currently have. (For example, an equity payment if you have any type of home equity loan or line of credit.) You need to make sure that you can afford these payments. We will evaluate your income and debt accordingly as well.

 


 

Q: I’m thinking about putting my home up for sale. Is there anything I can do now to prepare for getting pre-approved?

A: Yes! You should talk with a CSE Mortgage Loan Officer to review your income, credit, down payment etc. before you sell your home.

 


 

Q: What if I want to keep my current home as a rental property?

A: That’s certainly possible. Please review your situation with a CSE Mortgage Loan officer.


We’re Here to HelpConvenient Locations Throughout Stark County

Come Visit Us

 
Monday - Friday: 8am - 6pm
Saturday: 9am - 3pm
 
Canton Office/Operations 1380 Market Ave N
Canton, OH 44714
North Canton Branch 6879 Whipple Ave NW
North Canton, Ohio 44720
Lake Cable Branch 5414 Fulton Dr NW
Canton, Ohio 44718
Meyers Lake Branch 1235 Whipple Ave NW
Canton, Ohio 44708

Or Give Us a Call

 
Phone: 330-452-9801
Toll Free: 866-CSEFCU1
TellerPhone 24: 330-452-9802

Contact Us Today