First Mortgage Loans

 Making Your House a Home, the CME CU Way

Buying your very first or next home, looking to refinance, or purchasing a place to vacation, CME CU has the right mortgage for you.  Either way it is exciting, and we will help bring it to life with great rates and a simple, easy mortgage process built with the latest, safest technology.  That is mortgages the CME CU way.  

 

First Time HomeBuyers

The more you know, the more confident you will feel about making that important decision.  Our Mortgage Consultants help you learn how much house you could afford, walk you through the entire process, and keep you well informed right up until the last document is signed.

  • Down payments as low as 3%
  • Fixed as well as a special 5/1 ARM First Time Homebuyers program
  • Home ownership education designed to help you all along the way

Learn all you need to know at our Home Buying Center

Fixed Rate Mortgages

Fixed mortgages gives you peace of mind knowing your principal and interest (P&I) payments will never change. Choose 10, 15, 20, 25 or 30 year term and you can rest assure your P&I payments will never go up.

Adjustable Rate Mortgages

An adjustable-rate mortgage (ARM) is perfect for members with short-term mortgage goals.

  • 5/1 Adjustable Rate Mortgage
    • Our 5/1 ARM, has an initial fixed rate for five years and is subject to increase or decrease every year after.  
  • 7/1 Adjustable Rate Mortgage
    • With a 7/1 ARM, has an initial fixed rate for seven (7) years and is subject to increase or decrease every year after.  
  • 10/1 Adjustable Rate Mortgage
    • With a 10/1 ARM, has an initial fixed rate for ten (10) years and is subject to increase or decrease every year after.  

CONTACT US

401.463.3010

1615 Pontiac Ave, Cranston, RI 02920-4491

M-F: 10am-4.30pm, S-S: Closed

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.  NMLS ID 699359