We’ll help you find the loan that’s right for you.
Beacon FCU is looking out for you by offering a variety of home loans that can help you buy your dream home; acquire a special piece of property; pay for remodeling projects, bills, or other expenses; or refinance a mortgage to put your funds to other uses.
All of our loan options offer affordable rates and flexible payments.
- Home Mortgage
- Non-Conforming Loans
- Home Equity Loans
- Unimproved Property
- Refinance a Mortgage
Our friendly home loan experts can help you find your best option. Just call 281-471-1782, 800-868-6939 or visit one of our branches.
Home Mortgage
Enjoy a fixed rate with low-costs.
Whether you seek a single-family home, townhome or condominium, Beacon FCU can help you obtain affordable, low-cost mortgage financing with terms up to 30 years.
- Conventional Financing (restrictions apply per Fannie Mae guidelines for condos)
- Available only as a conventional conforming loan
- For single-family home, townhome or condominium (restrictions apply per Fannie Mae guidelines for condos)
- Borrow up to $510,400
- Down payments as low as 5% (closing cost may not be rolled into the loan)
- Fixed-rate mortgage with loan term options up to 30 years
- Low interest rates.
- Gifts from family may be used to help you qualify financially with down payment and closing cost
- Minimum credit score 620
Non-Conforming Loans
More flexibility than traditional mortgages.
A Non-Conforming Loan through Beacon FCU may be a great option for you if you’re seeking financing with more relaxed credit score requirements.
- Primary residence single-family home
- Available only as a conventional loan
- Down payments as low as 5% (the first 5% must be from the borrower’s own funds)
- Closing costs may not be rolled into the loan
- No PMI
- No escrow
- Minimum credit score 635
- Minimum loan amount $100,000 with maximum amount $350,000
- Up to 20-year term
Home Equity Loans
Tap into your home's value.
An affordable Home Equity Loan from Beacon FCU can help you unlock cash to use for home remodeling, weddings, a dream vacation, college tuition, medical bills, or anything else.
- Borrow between $25,000.00 and $250,000 (maximum loan-to-value 80%)
- Available for single-family homes
- Fixed-rate loans at competitive rates
- Repayment terms of up to 20 years for the first lien and 15 years for the second lien
- Ideal for paying off high-interest debt
- Will not include escrow
Unimproved Property
That piece of property can soon be yours.
A Beacon FCU Land Loan can help you buy that piece of property you’ve been eyeing. We offer low-cost financing for residential buildings or for recreational purposes.
- Fixed-rate loans with 15-year maximum term
- 10% minimum down payment
- Borrow between $25,000 and $150,000 (up to 90% of the property’s market value or sales price, whichever is less)
- Loan payment will not include taxes
- Use to refinance existing land loans (no cash-out)
Refinance a Mortgage
Lower your monthly payments and save!
Beacon FCU is looking out for homeowners who want to lower their monthly mortgage payments under better terms and save money by paying off sooner. That can help you become debt-free faster.
- For single-family home, townhome or condominium (restrictions apply per Fannie Mae guidelines for condos)
- Fixed rate
- Borrow between $50,000 and $510,400 (maximum loan-to-value 95%)
- Competitive rates and low closing costs
- Choose a loan term up to 30 years
- Potentially reduce your monthly payments with a lower interest rate
- Reduce your repayment period and pay off your mortgage sooner
- Work with a Beacon FCU mortgage specialist to see what refinancing options might work best for you
Beacon Federal Credit Union is an Equal Opportunity Lender. Membership is required. The rate and amount of loan are based on the applicant's creditworthiness; some restrictions may apply and subject to Beacon FCU's underwriting guidelines. Rates can vary without previous notice.
Youth Spending Accounts
- No monthly fees
- Your own ATM/Debit Card
- Online and mobile banking
- Scholarship opportunities
- Ages 10-18
Scholarships
You’ve got class. We’ve got cash! Apply today: One of three $2,000 scholarships or One of three $1,000 scholarships!