 Residential
First Mortgage Loans
Buying a home is
one of the most exciting purchases you will make. Providing you with
the right financial tools to make this purchase is part of the OECU
mission to assist you in enhancing your financial well-being.
When it's time to
look for a new home or to refinance the loan on your existing home,
OECU provides you with a choice in Mortgage Loan products and an easy
application process.
Also, when the need
arises to take advantage of the equity you have in your home, OECU
is ready to provide you with a convenient tool to make use of your
home's accumulated equity.
1st Mortgage Loan
Products
OECU provides loans for residential property purchases. A variety
of product terms are available. Don't forget that you can be pre-approved
for a Mortgage Loan before you even start looking for your home.
- Fixed Rate Mortgages
- Adjustable Rate
Mortgages (ARM)
- Purchase or Refinance
Loans up to $417,000
- Investment Property
Mortgages
- First Time Home Buyer and My Community programs available with up to 97% financing option
- Jumbo Loans
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Mike Smalley—Mortgage Loan Consultant
 Mike has been with OECU since 2008. With over 8 years of residential mortgage lending experience, he's focused on providing each member with the highest level of service, integrity and professionalism and is committed to finding the mortgage solution that best meets the needs of the individual member.
Contact Mike to make an appointment to meet at a place and time that’s convenient for you, or stop in and see Mike at our Main Office. Mike can be reached at:
Mike resides in North Olmsted with his wife Melissa and their three bulldogs. He enjoys sports and is currently the softball director for the Thursday night men’s league in North Olmsted. He is an avid fan of the Cleveland Browns and Cleveland Cavaliers.
Home
Loan Checklist
The home loan checklist
includes the documents that you will need to have available when the
1st Mortgage Loan Application is completed.
- Prior year W2s
or Federal Tax Return if self-employed
- Most recent pay
stub showing year-to-date earnings
- Documents of
other income sources that will be considered in the repayment of
the loan
- Most recent statements
for Checking, Savings and Investment Accounts
- Listing of all
outstanding loans, credit cards and other debts
- A gift letter
from the person giving you any gift of money or property to assist
you in the purchase of your new home
Residential First
Mortgage Loans
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