VA Mortgage - A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage.
Variable Rate - An interest rate that changes periodically in relation to an index. Payments may increase or decrease per the terms of the loan agreement or note.
Vested - Having the right to use a portion of a fund such as an individual retirement fund. For example, individuals who are 100 percent vested can withdraw all of the funds that are set aside for them in a retirement fund. However, taxes may be due on any funds that are actually withdrawn.
Veterans Affairs, Department of (VA) - An agency of the federal government that guarantees residential mortgages made to eligible veterans of the military services. The guarantee protects the lender against loss and thus encourages lenders to make mortgages to veterans.
If you have any question about real estate terms or language please contact us for clarification.
"I called Emery Federal just to find out if the rate quoted by my bank was fair.
It turns out that Emery Federal offered a much lower rate/fees. My mortgage loan
closed on time and I saved over $5,000 with a lower interest rate. Emery Federal
was right there every step of the way."
-- Rob P., Denver, CO
3.500 |
30 Year Fixed (3.624 APR)* |
3.125 |
15 year Fixed (3.456 APR)* |
2.250 |
5 year ARM (2.988 APR)* |
Loans are originated under the Financial Services Division of Emery Federal Credit Union. Your Loan Officer or Mortgage Consultant is your main contact regarding your loan transaction. Please contact them during your loan process. If you need further assistance, please contact our help desk at: 800-880-3020 or help@EmeryFed.com. We look forward to serving you.
Originally chartered in 1939 to serve Emery Industries, in 1984 Emery FCU expanded our field of membership to include other diverse groups. Today Emery FCU serves the employees (and their family members) of over one hundred sixty four (164) companies.
Emery FCU is a not-for-profit, member-owned financial institution. Unlike banks, thrifts, and finance companies who operate on a "for profit" basis, we return excess earnings back to our members in the form of lower loan interest rates, higher yield savings and investment accounts, and low or no fee convenience services in addition to the friendly, unmatched member service provided. As a not-for profit financial cooperative, you have the assurance of knowing that your money is safe and secure because it is Federally Insured, through the National Credit Union Administration (NCUA).
* APR based on $200,000 loan amount. APR will change depending on loan amount.NMLS # 401087 © Denver Mortgage Rates.