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1st MidAmerica Credit Union Exceeding Member Expectations
1st MidAmerica Credit Union

Mortgage Loans

Personalized home loans with competitive rates.

Many banks will be your mortgage lender, but 1st MidAmerica takes the time to make sure you get the right mortgage. If you’re thinking of buying a new home or wish to refinance your existing home, we have a mortgage loan to fit your needs.

Take advantage of our staff of home mortgage professionals who will explain the difference between each type of mortgage loan so that you can decide which one fits you best.

Apply for a home loan today!    


Mortgage Resources

Our Online Mortgage Center contains everything you need to know to get your home loan underway.

Through our site,

  • View current rates
  • Apply for a mortgage loan
  • Receive an answer in minutes
  • Contact a mortgage representative
  • Access mortgage calculators

You can also access the Rate Watch feature. Let us keep an eye on interest rates so that you don't have to! Complete the information below and we'll e-mail you when rates reach your goal or if you prefer, we'll e-mail current rate information on a regular basis.

Loan Options

We offer a variety of fixed rate mortgage products for purchasing a home.

Fixed Rates

  • 10 Year Fixed Rate
  • 15 Year Fixed Rate
  • 20 Year Fixed Rate
  • 30 Year Fixed Rate

We offer several fixed rate products, which allows you to lock into a rate that will never change.  This benefit will not only give you peace of mind, but security and satisfaction as well.

Adjustable Rates

  • 1 Year Adjustable Rate
  • 3 Year Adjustable Rate
  • 5 Year Adjustable Rate

In general, adjustable rate mortgages have a lower initial rate than most fixed-rate mortgages, which may allow you to have a lower payment at the beginning of your loan. An adjustable rate mortgage may be the right choice for you if you plan to own the home for only a few years. These feature periodic rate caps and life of loan caps.  Rate adjustments based on a margin over U. S. Treasury Bills.

First Time Home Buyers

USDA – Rural Development

Moderate income borrowers can finance up to the appraised value of a home for a one-time guarantee fee, which eliminates the need for Private Mortgage Insurance (PMI).

 

Investment Properties

We offer options for members who would like to invest in property other than their primary residence. Financing is available with fixed and adjustable rates.

Fixed Rate

  • 10 Year Fixed Rate
  • 15 Year Fixed Rate
  • 20 Year Fixed Rate
  • 30 Year Fixed Rate

Adjustable Rate

  • 1 Year Adjustable Rate
  • 3 Year Adjustable Rate
  • 5 Year Adjustable Rate

Construction

Let us finance your construction.  1st MidAmerica offers easy-to-qualify for construction loans for single family residences that can be converted into permanent financing upon completion of construction. Furthermore, we also offer information regarding mortgages for lots and land, which is available upon your request.

Home Insurance

Take care of your insurance needs at 1st MidAmerica Credit Union
Through our Credit Union Insurance Agency (CUIA)*, we’re proud to offer a full range of insurance options.

CUIA representatives are independent, trained insurance agents who are ready to meet with you one-on-one to discuss your insurance needs. We’ve partnered with trusted and respected names to bring you quality, security, service and convenience. We’d be happy to put our expertise and resources to work in constructing an affordable policy for you.

CUIA Quote

* The Credit Union Insurance Agency, LLC is a wholly owned subsidiary of Members Resource LLC, a Credit Union Service Organization. Business conducted with the Credit Union Insurance Agency, LLC is separate and distinct from any business conducted with Members Resource LLC, its parent Credit Union or its partner Credit Unions. Insurance products offered by the Credit Union Insurance Agency, LLC are not (i) deposits of Members Resource LLC, its parent Credit Union or its partner Credit Unions, therefore are not protected by the NCUA and are not exclusive to Credit Union members and (ii) an obligation of or guaranteed by Members Resource LLC, its parent Credit Union or its partner Credit Unions and may be subject to risk. Any insurance required as a condition of an extension of credit by Members Resource LLC, its parent Credit Union or its partner Credit Unions need not be purchased from Credit Union Insurance Agency, LLC and may be purchased from an agent or insurance company of the member’s choice.

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