Home Loans

Whether buying your first home or refinancing your current one, Sheboygan Area Credit Union is here to help you choose the right mortgage product to meet your needs! 

• Adjustable Rate Mortgages (ARMs)  

  • With an ARM, your interest rate is a variable rate and may change over the life of the loan.

  • SACU currently offers a 5/5 ARM and 7/1 ARM, with fixed rates for the initial terms of 5 or 7 years.

  • Up to a 30-year amortization. 

• First Mortgages (10 to 30-year Fixed Rate)

  • A popular mortgage option for borrowers looking to purchase or refinance a home.

• Pre-Quals / Pre-Approvals

Your loan will be originated and serviced locally, right here at your neighborhood credit union.

List of documents requested for the mortgage loan application process:

• Current paystubs (last 30 days)

• Last two years’ W2s or 1099s for each applicant

• Tax Returns (last 2 years), if applicable

• Last two months checking and savings account statements from all accounts (including all pages)

• Current awards letter from the provider of such income as disability, social security, child support, alimony, pension, annuity, or any other type of alternate income (if applicable)

• Court order for child support or alimony paid or received (if applicable)

• Recent statements (past 2 months including all pages) for any other assets (401k, IRA, pension, stocks, bonds, mutual funds, etc.)

• Insurance agent’s contact information if known

Currently own real estate?

• Copy of recent mortgage statement, if applicable

• Home Insurance Policy information

• Property Tax bill – for most recent year

Sheboygan Area Credit Union NMLS# 449383

From finding your dream house to the closing table, SACU and AmeriCU Mortgage* are here! Experienced mortgage lenders you can trust. 

Sheboygan Area Credit Union provides lower downpayment and government loans through a partnership with AmeriCU Mortgage*

AmeriCU has been providing mortgage solutions since 1993 and offers the following solutions:

• Conventional with low downpayment options

• FHA Mortgage

  • A mortgage issue backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment – they are typically more flexible in credit history and income requirements than conventional mortgages.

• FHA 203(k) Loan

  • A 203(k) loan is an FHA loan that provides borrowers with the opportunity to combine renovation costs with their mortgage financing. This allows those costs to be spread out over the life of your loan and offers lower interest rates and longer loan terms than traditional home improvement loans.

• VA Mortgage

  • A VA loan is a mortgage that is backed by the Department of Veterans Affairs for veterans, active military personnel, and military spouses who qualify. With no down payment requirement and competitive interest rates, it’s a great choice for eligible applicants.

• USDA Rural Development

  • USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture and offered by Guaranteed Rural Housing (GRH). USDA Loans have income limitations and are geared toward low-to-moderate-income borrowers. They offer lower interest rates, and no down payment may not be required.

• Renovations loans

• Jumbo

CONTACT A MORTGAGE LENDER TO GET STARTED TODAY! CALL (920) 459-5154.