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 loan, we have many home loan options and resources to assist you. Refinance and purchase programs are available for personal use of primary residence only.
Opportunities for investments loans and loans securing commercial properties may be available through our Business Services. Please visit our Business Loan Center: https://www.stlouiscommunity.com/loans/business-loans for more information.
First Mortgage Loan Types: FHA, Conventional, VA*, 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 is 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, 1 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.
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 2-4 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