• *If you qualify and your loan is approved, a Reverse Mortgage must pay off your existing mortgage(s). With a Reverse Mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Today's Rates

Conforming Loans
30 Year Fixed Rate
 Rate  APR  Points
 3.750%  3.872%  0.250%
15 Year Fixed Rate
 Rate  APR  Points
 3.250%  3.447%  0.125%
FHA 15 Year Fixed Rate
 Rate  APR  Points
 3.500%  4.600%  0.000%
Jumbo Products
30 Year Jumbo Fixed Rate
 Rate  APR  Points
 3.875%  3.939%  0.375%
VA Loans
VA 30 Year Fixed Rate
 Rate  APR  Points
 3.375%  3.748%  0.375%
VA 15 Year Fixed Rate
 Rate  APR  Points
 3.500%  4.158%  0.250%
VA 5 Year Adjustable Rate
 Rate  APR  Points
 4.000%  3.959%  0.125%

Home loans with the same quality service
you appreciate from your credit union.

We offer a variety of home loan products to fit your needs.

  • 100% Financing VA Loans
  • 100% Financing USDA
  • 97% Financing Conventional
  • 96.5% Financing FHA
  • Reverse Mortgage Purchase or Refinance

Ask us about our First Time Homebuyer and Down Payment Assistance Programs.

Community Mortgage Funding, LLC. is a Credit Union-owned real estate loan company, serving the home loan needs of Credit Union members.

The real estate experts at Community Mortgage Funding will guide you through the home loan process and deliver the high level of service you expect from your Credit Union.

You can reach us anytime with your real estate loan questions at: 877-915-3030 or 909-444-0050.

This credit union is federally insured by the National Credit Union Administration. Copyright © 2015 Southwest Heritage Credit Union. All Rights Reserved.

Equal Housing Lender statement

Southwest Heritage Credit Union - Odessa, Texas - Wink, Texas - (800) 234-4582