House Illustration

Improve Your Home, Life or Future.

Your home is your biggest asset and once you’ve established equity, you can use that hard-earned value for a home equity loan capable of helping you create your dream house, fund your adventures and ensure financial stability in your future. Home equity loans from Lower Valley Credit Union can help:

  • Home improvements, including remodeling, new construction or simply redecorating
  • Consolidate your bills into one low monthly payment
  • Finance your child’s education
  • Take that dream vacation
  • Fund major life events, such as weddings

Contact us today or visit one of our 3 locations to set up an appointment with a loan officer.

NMLS ID #431452

What are the steps when purchasing a home?

YOUR NEW HOME IS ONLY 12 STEPS AWAY!

Buying a home is one of the largest financial decisions of your life and it could take several months to complete. Here are the 12 steps, along with estimated time frames needed to complete a home loan with LVCU.

STEP 1 – UP TO 1 WEEK
Submit completed LVCU application with all required documentation

STEP 2 – 3 DAYS
Once requirements are met, you will receive a pre-qualification letter from LVCU

STEP 3 – 1 WEEK
Contact a Realtor of your choice to help you with the process

STEP 4 – VARIES, UP TO A COUPLE MONTHS
Search for homes in the communities you are interested in living in

STEP 5 – 3 DAYS
Submit an offer with the help of your Realtor and await the seller’s response

STEP – 6 – 1 DAY
If one offer is accepted, submit your Purchase and Sale Agreement to LVCU to receive a Loan Estimate

STEP 7 – 1 WEEK
Order an inspection of your home (optional but strongly recommended)

If steps 5 to 7 are unsuccessful, you would go back to step 4

STEP 8 – UP TO 4 WEEKS
Upon receiving your intent to proceed, LVCU will order an appraisal for your home

STEP 9 – UP TO 3 WEEKS
Your loan will be processed by LVCU

STEP 10 – 1 WEEK
Select a Home Owner’s Insurance company and submit proof to LVCU

STEP 11 – 2 DAYS
Set up an appointment for closing with LVCU and an appointment with the title company

STEP 12 – 1 DAY
Sign documents, move in!

If you have any questions about the process of purchasing a home, please feel free to contact a mortgage loan officer at 509-837-5295 or email realestate@lowervalleycu.org