Mortgage Loans

Buying a home is a big decision. So is who you choose to get your mortgage with. Don't take chances in this area. Go with your local credit union, Meridian Trust. We offer low rates, an easy application, and local people you can talk with in person or over the phone, whenever you have questions or want some advice. We've been helping people move into the homes of their dreams for over 60 years. Let us help you today!

We offer: First mortgages with 10 to 30 year terms, with a fixed rate or adjustable rate mortgages
  • Refinancing of existing mortgages
  • Local support and service
Figure out monthly payments, compare rate costs, and more with our financial calculators.

               

You can also apply in-person or ask questions at any Meridian Trust branch location, or call 1.800.726.5644 or 307.635.7878, x7498. Credit qualification, age 18 or older, and membership required. You can also get your Homeowner's Insurance through Meridian Trust.

Planning to build? Click here to see information on construction loans.

Meridian Trust FCU offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

  • First Mortgages
  • - Conventional, VA, FHA, USDA, Secondary Market, WCDA, Portfolio
  • Second Mortgages
  • Home Equity Line of Credit
  • Construction Loans
  • Land Loans
  • Mobile Homes
  • Manufactured Homes
  • Tiny Home Loans
  • Reverse Mortgages

Reverse Mortgages

What is a reverse mortgage? The concept is simple. You've spent years building equity in your home by paying off (or paying down) your mortgage, and through the appreciation in your home’s value. A reverse mortgage simply allows you to withdraw a portion of that equity, to use in any way you like.
You can stay in your home for as long as you like. When you’re ready to sell your home, or you have passed, the loan is repaid at that time.

There are no tax consequences, you do not forfeit any of your rights as the homeowner, and you or the heirs of your choosing decide when or if the home is to be sold. When the loan is repaid, 100% of the remaining equity belongs to you, your heirs or your estate.

Unlike a traditional mortgage, reverse mortgages do not require a monthly payment. In fact, the reverse mortgage pays you in your choice of a lump sum, monthly payments or a combination of both—the choice is entirely up to you.

To qualify for a reverse mortgage:
  • The youngest homeowner must be 62 years of age or older
  • The home must be your primary residence
  • Property taxes must be kept current
  • Current and adequate homeowner's insurance must be in place
  • The type of home and condition of the property must meet standard HUD guidelines
Reverse mortgage is a government-regulated program, so the interest rate, loan terms and structure are the same at all financial institutions offering this product. Service and experience are what homeowners should look for in a lender, which is why you should choose Meridian Trust.

Meridian Trust partners with 1st Reverse Mortgage USA, an industry leader in reverse mortgages. To get started on this program or to find out more, you can stop by any Meridian Trust branch location, call us at 1.800.726.5644 or 307.635.7878, or email us