First Mortgage Loan Programs
St. Louis Community Credit Union is a partnered broker with Carrollton Bank to originate first mortgage loans. Carrollton Bank has been in business since 1877. We have combined our efforts to provide the best loan services possible to offer a diversified mortgage loan portfolio.
Whether you are looking to buy a home or refinance your current mortgage, we have many home loan options and resources to assist you. Refinance and purchase programs are available for personal use of primary residence only. Please visit our Mortgage FAQ page for more information and frequently asked questions.
Opportunities for investment loans and loans securing commercial properties may be available through our Business Services division. Please visit our Business Loan Center: https://www.stlouiscommunity.com/loans/business-loans for more information.
First Mortgage Loan Types: FHA, Conventional, VA*, and USDA**, and Affordable Seconds Home Loan
We work with you to help determine what mortgage types and terms you qualify for. Once an application is submitted and a credit report for each applicant is received, income and employment are verified to determine eligibility of loan type programs, down payment assistance, and any additional requirements to assist in determining the best mortgage for you. Apply today!
*VA loans are subject to VA eligibility.
**USDA loans are only available in rural areas outside of the St. Louis Metro Area.
Information displayed for single family, one unit properties only. Please contact our mortgage team for information on 2-4 unit properties. All loans are subject to credit approval.
Loan Amount Limits
*Maximum purchase price of $250,000.00. Subordinate financing of 20% of purchase price required.
Purchase Loan Programs
Down payment and LTV/CLTV requirements for purchase loans.
Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications. All loans are subject to approval. See Credit Union for details. St. Louis Community Credit Union NMLS# 616755. Carrollton Bank NMLS# 719258.
Refinance Loan Programs
To get a rate quote for a refinance loan, please email mortgage@stlouiscommunity.com and we will have someone contact you.
Refinance loan programs are not eligible for mortgage loans that have previously been modified.
Mortgage Financing Restrictions
SLCCU first mortgage programs are not available for financing of investment properties, vacation/second homes.
Bankruptcy restrictions: Minimum two -four year waiting period after discharge of dismissal date.
Debt-To-Income Limits may vary by Loan Program. Maximum ranges from 43% to 50%.
FHA financing for condominiums requires the condo to be on the FHA Approved Condo List. Please visit: https://entp.hud.gov/idapp/html/condlook.cfm