Home Loans - Tinker Federal Credit Union

Home Loans & Home Equity Loans
Your Safe Nest . . . Home Mortgages from the People
Who Make It Count for You
The Right Loan for You
Do you want to buy a home or a mobile home, or do you need cash
for remodeling, debt consolidation or education? Whatever your
need, TFCU has the loan and the knowledge to help you achieve
your goals and realize your dreams.
Long-Term Mortgage
TFCU offers conventional loans, conventional jumbo loans and VA
loans. We will finance up to 95 percent of the current appraised
value of the residence or purchase price, whichever is less. Private
Mortgage Insurance (PMI) is required if financing is over 80 percent
of your home’s value.
Short-Term Mortgage
Short-term mortgage loans are available for home purchases.
TFCU will finance up to 80 percent of the current appraised value of
the residence or purchase price, whichever is less.
Land/Lot/Construction Loans
TFCU offers loans for the purchase of land and lots (up to 10 acres)
in Oklahoma zoned residential for the intent of building a primary
or secondary residence (other restrictions apply). We will finance
up to 75 percent of the current appraised value of the property or
purchase price, whichever is less. We also offer construction loans.
Investment/Rental Property
TFCU will finance up to 75 percent of the current appraised value
of property in Oklahoma or purchase price, whichever is less, with a
maximum of four properties being financed at any given time.

Mobile Home Loans
Loans are available for the purchase of mobile homes less than ten
years old. TFCU will finance up to 80 percent of the sale price for a
new mobile home, or the lesser of 80 percent of the purchase price
or 90 percent of the NADA loan value for a used mobile home.
Home Equity Line of Credit (HELOC)
A home equity line of credit* gives you the convenience of a credit
line. At TFCU, you can borrow up to 90 percent of the appraised
value of your home*, less the balance of the first mortgage. Plus,
you just apply once and then access your credit (up to your
approved limit) when you need it, for whatever you like.
Low HELOC interest rates can save you money over most other
forms of personal credit, and the possible tax deductibility makes
it an even more cost-effective way to pay for the things you want
today. Consult your tax advisor regarding tax deductibility of
interest.
*Members must carry insurance on the property that secures an
equity loan. If the property is located in a Special Flood Hazard
Area, we will require the member to obtain flood insurance, if it is
available.
Home Equity Loans
A home equity loan is for a fixed amount of money repaid over a
fixed number of years. TFCU’s closed-end home equity loan is
excellent for home improvement or debt consolidation. You can
borrow up to 90 percent of the appraised value of your home,
less the balance of your first mortgage. Plus, the interest on a
home equity loan may be tax deductible. Consult your tax advisor
regarding tax deductibility of interest.
Easy Application
Download an application online at www.tinkerfcu.org, or pick up an
application at any TFCU full-service branch.

Rates
Visit www.tinkerfcu.org, or call our Mortgage Rate Line:
(405) 319-2112 OKC
(918) 592-0324, ext. 2112 Tulsa
(580) 310-0324, ext. 2112 Ada
(405) 707-7440, ext. 2112 Stillwater
(580) 233-3330, ext. 2112 Enid
1-800-456-4828, ext. 2112
Resources
Home Buying Coach
Visit www.tinkerfcu.org
Select Loans
Click on Home Loans
Look for Home Buying Coach
Home Mortgage Calculators
Visit www.tinkerfcu.org
Select Loans
Click on Loan Calculators
Buying Your Home Guide
Visit www.tinkerfcu.org
Select Loans
Click on Home Loans
Look for Buying Your Home Guide
Federally Insured by NCUA