Home Loans

The Freedom to Make It Yours. Welcome Home!

Whether you’re looking to buy, refinance or use the equity in your home for other purposes, Summit FCU has money-saving options for one of the biggest investments you’ll ever make.

Home Loan Options

Home Equity

When you tap into the value of your home, you open a world of purchasing possibilities, from home improvements, vehicle purchases, college, debt consolidation, or even a dream vacation. At Summit FCU, we have a variety of home equity loan options so you may get the loan to best meet your needs. Plus, the interest you pay may be tax deductible.*

Home Equity Loans

Use the equity in your home to get whatever you need today.

  • Low fixed rates
  • Comfortable terms
  • Up to 100% loan to value
  • No loan origination fee or annual fees
  • Interest may be tax deductible*

Home Equity Line of Credit

Our Home Equity Line of Credit is ideal for a series of purchases — you may borrow as often as you like up to your approved credit limit.

  • Low variable rate tied to Prime
  • Borrow up to $75,000 (minimum $10,000)
  • No loan origination fee or annual fees
  • Interest may be tax deductible*
  • 10-year draw with 15-year amortization

*Please consult with your tax advisor regarding the deductibility of interest and charges

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Purchase

Summit Federal CU has partnered with CU Lending Partners to provide you with some of the best options, pricing, and member-service in the mortgage.

  • No application fees
  • Free loan pre-approval
  • Home loans in Ohio & Florida
  • Low closing costs
  • Dedicated and experienced loan officers

Whether you’re a first-time homebuyer, a current homeowner looking for a new home or considering a refinance of an existing mortgage, we can work with you to develop a mortgage loan based on your specific goals and financial situation.

  • new home purchases with as little as 3.5% down- 0% down for qualified veterans
  • Investment properties- purchase or refinance (certain restrictions apply)
  • Save money every month by streamlining (reducing) your current FHA/VA interest rate
  • Customized loan terms that allow you to pay off your mortgage at a pace that’s right for you

Call Mortgage Loan Officers at 216-468-0158 ext. 120 or email info@culend.com* to discuss your options.

*Please be advised that electronic mail is not secure, and confidential or personal information should not be communicated in this manner.

To apply, please click Apply Now below.  You will be redirected to the Woodside Mortgage website, where you should click "Get Started" and choose either a Short Loan Application or a Long Loan Application. Thank you!

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**IMPORTANT**    Summit Federal Credit Union members should choose Robert Fludine as their Loan Originator when applying through the Woodside website.

Refinance

Home Equity Loans — 1st or 2nd Lien

Refinance your existing home loan with one of our equity loans. Your loan will be underwritten and serviced by our employees and will never be sold to another institution:

  • Fixed rate loan
  • Up to 100% loan to value
  • Competitive rates

To apply, please click Apply Now below.  You will be redirected to the Woodside Mortgage website, where you should click "Get Started" and choose either a Short Loan Application or a Long Loan Application. Thank you!

View Rates   Apply Now

**IMPORTANT**    Summit Federal Credit Union members should choose Robert Fludine as their Loan Originator when applying through the Woodside website.

Looking for a lower payment? Summit Federal partners with CU Lending to service our long term fixed rate home loans.

  • Fixed rate loan
  • Cash out refinances for debt consolidation, home renovation or any other purpose
  • Refinance alternatives for members with high loan to value issues
  • Customized loan terms that allow you to pay off your mortgage at a pace that's right for you

Call Mortgage Loan Officers at 216-468-0158 ext. 120 or email info@culend.com* to discuss your options.

*Please be advised that electronic mail is not secure, and confidential or personal information should not be communicated in this manner.

Unsecured Home Improvement Loans

For home improvement projects, this unsecured loan helps you stay on top of repairs and improvements. This loan is exclusively for home improvement purposes and requires little to no equity. Please be prepared to show a contractor's bid, materials list or store receipts. Start improving today!

  • Borrow up to $25,000 at a competitive fixed rate
  • No closing costs, appraisals or title insurance
  • Quick turnaround and funding

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