Mortgage Loans in Kokomo, Indiana
Ready to plant your roots in Kokomo, Indiana? Finding the right Mortgage lender is the key to reaching homeownership goals. Encompass Credit Union, your local Kokomo Mortgage lender, offers a variety of home loan options and personalized guidance to make the process smooth and successful.
Understanding Mortgages
A Mortgage is a loan secured by real estate to purchase or refinance your home in Kokomo. You repay the loan over a set term (often 15 or 30 years) with regular payments that cover the principal amount borrowed, interest, and property taxes. Mortgages come in two main types: fixed-rate and adjustable-rate (ARM). A fixed-rate Mortgage offers consistent monthly payments with a fixed interest rate for the entire loan term. ARMs offer a lower initial interest rate that adjusts periodically.
Encompass Credit Union: Your Local Mortgage Experts in Kokomo
Encompass understands the unique needs of Kokomo homebuyers. So, we offer a diverse range of Mortgage products to fit your specific situation and financial goals:
Fixed-Rate Mortgages: Enjoy the stability of predictable monthly payments with a fixed interest rate throughout the loan term
Adjustable-Rate Mortgages (ARMs): These loans offer a potentially lower initial interest rate that adjusts periodically
We also provide government-backed loan options like FHA and VA Loans, potentially with more flexible down payment requirements. Additionally, if you're an existing homeowner looking to access the equity in your Kokomo property, Encompass has solutions:
Second Mortgages: Secure additional funds for renovations, debt consolidation, or other needs
Home Equity Lines of Credit (HELOCs): Gain access to a revolving line of credit secured by the equity in your home
Construction Loans: Finance the building of your dream home from the ground up in Kokomo
Why Choose a Credit Union for Your Kokomo Mortgage?
Encompass operates on a member-owned philosophy, prioritizing your financial well-being and success in Kokomo. Here's what makes choosing us for your Mortgage advantageous:
Competitive Rates: We offer lower interest rates compared to traditional banks, potentially saving you money on your Kokomo home
Reduced Fees: You might encounter fewer upfront and ongoing loan processing fees, making your Kokomo homeownership more affordable
Personalized Attention: Benefit from dedicated loan officers who understand the Kokomo market and guide you through the entire Mortgage process
Encompass goes beyond just providing loans. We're your trusted partner in achieving homeownership in Kokomo.
Why Encompass Credit Union for Your Kokomo Mortgage Needs?
When it comes to your Kokomo Mortgage, Encompass offers several distinct advantages:
Local Market Expertise: Our loan officers have a deep understanding of the Kokomo market, helping you navigate the home buying process with confidence specific to Kokomo
Flexible Lending Options: We offer a variety of Mortgage products to fit your individual needs and financial goals, ensuring you find the right fit for your Kokomo home
Seamless Support: Our team is here to answer your questions and provide unwavering support every step of the way, making your Kokomo home-buying experience smooth and stress-free
Many Encompass members in Kokomo have successfully obtained Mortgages with our help. We're proud to be a part of our community's homeownership journey in Kokomo.
Getting Started with Your Encompass Kokomo Mortgage
Encompass makes obtaining a Mortgage straightforward. Here's how to get started on your Kokomo homeownership deal:
Explore Your Options: Review our Mortgage products conveniently located on our website.
Get Pre-Approved: Pre-approval helps you understand your borrowing power and strengthens your offer when competing for a home in Kokomo.
Connect with Our Experts: Our experienced Mortgage specialists are happy to answer your questions and guide you through the application process.
Join Encompass and Invest in Your Future in Kokomo
Becoming a member of Encompass grants you access to our Mortgage products and various other financial services that can benefit you and your family.
Visit Our Reed Road Branch in Kokomo, Indiana
Reed Road Branch
4020 South Reed Road
Kokomo, IN 46902
Lobby Hours:
Monday: 8:30 a.m. - 4:30 p.m.
Tuesday: 8:30 a.m. - 4:30 p.m.
Wednesday: 8:30 a.m. - 1:00 p.m.
Thursday: 8:30 a.m. - 4:30 p.m.
Friday: 8:30 a.m. - 5:30 p.m.
Saturday: 9:00 a.m. - 12:00 p.m.
Phone:
iTalk: (800) 675-8852 option 2
Lost/Stolen ATM or Debit Cards: 855-472-7383
Lost/Stolen Credit Card: 855-511-8978