Mortgage Loans

The Credit Union offers first and second mortgages. Contact one of our mortgage loan officers for rates and information.

First Mortgage Loans

Purchasing a home or refinancing your existing home mortgage is one of the most important financial decisions you'll ever make. CSE is dedicated to identifying the best loan product with the most beneficial terms to suit your mortgage situation.

In an effort to accommodate more of our members and the community with their homeownership needs, CSE has expanded our line of mortgage products. We currently offer Conventional, FHA, VA and Rural Development first mortgages with 10, 15, 20 and 30 year terms. Refinance programs, such as HARP, are also available.

We can take your application by phone at 330-452-9801 or schedule an appointment for you to meet directly with a home mortgage loan officer. CSE is totally committed to quality service, integrity and professionalism throughout your mortgage process, reaching a level of excellence and customer satisfaction that you'll truly appreciate. At CSE, we strive to make your entire mortgage experience ... EASY!

Home Equity Loans

Enjoy Your Home for all it's Worth.

With every mortgage payment you make, you're building equity in your home. Why not use it? A home equity loan, like a credit card, gives you a pre-determined borrowing limit, and allows you to access your money when you need it. Home equity loans can usually provide you access to larger sums of money, for longer terms and at lower interest rates compared to other types of loans. In most cases, your interest is tax-deductible (Consult your tax advisor).

  • Consolidate Higher Interest Debt
  • Home Improvements
  • Dream Vacation
  • College Education
  • New Furniture or Appliances
  • ...just to name a few

Home Equity Alternatives

  • Consider a home equity loan as an alternative to refinancing your mortgage
  • Avoid closing costs and other processing fees
  • Less paperwork and Hassle
  • Make your loan payment at CSE
  • We offer both an 80% and 90% loan-to-value option

  $100,000.00 Appraised Value of Property
x 90% 90% Loan-to-Value Ratio
 
  $90,000.00 Adjusted Property Value
  $90,000.00 90% Appraised Value of Property
- $60,000.00 First Mortgage Outstanding
 
  $30,000.00 Approximate Equity for Your Home Equity Loan

Variable Rate Line of Credit

  • Convenient home equity checks
  • Draw period is five years from date opened
  • $25 annual participation fee charged, unless converted to closed fixed rate
  • May convert to closed fixed rate for $100.00
  • Minimum monthly payment is 1% of the outstanding principal balance or $100.00, whichever is more, during the "Draw Period"
  • Annual percentage rate may vary, up to a maximum of 18%
  • Rate is based on credit score and available equity (See above example)

**Minimum monthly payments may result in a balloon payment. Balloon payments may result if the consumer makes only the minimum payments for the maximum period of time that the consumer is permitted to make such payments.

Fixed Rate Closed End 2nd Mortgage

  • One time draw
  • Late charges are assessed on payments over 15 days late

You've put time and money into making your house a home. Now it's time to let your home give you something back!


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Mortgage Loan Inquiry

* = required field
First name *
Last name *
Phone number *
Best time to contact *
Email address
What might your credit score be? *
Are you planning to purchase a new home or refinance an existing mortgage? *
If you're planning to purchase a home, how much would you like to finance?
If you’re planning to refinance, what is the remaining balance on your current mortgage?
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