Great mortgage rates and loan programs — Making it easy to find the best-fit home loan.

Buying a home is a big deal. Securing a mortgage shouldn’t be. It’s all about finding the right fit for you, so your future can be as fixed or adjustable as you’d like. With an Andigo home mortgage, you’ll get:

  • Low closing costs and fees
  • Competitive rates and loan programs
  • Flexible loan terms
  • Top-notch, knowledgeable service

Start your mortgage application today.

apply online

contact form

New home financing

Looking to buy? We will help you through every step of the process — from the open house to the closing table, and everything in between. Connect with one of our awesome real estate loan officers to get set up with a pre-qualification letter, so you can hit the housing market with confidence.

Interested in getting $1,800 cash back at closing?1

Earn cash rewards when you buy or sell a home using a HomeAdvantage® agent. Use cash rewards to reduce closing costs or receive cash back after closing. On average, Andigo members earn $1,800 in cash rewards. Learn more about this program.

1 Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. If you are obtaining a mortgage, Andigo Credit Union may have specific rules on how Cash Rewards can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by Andigo. Please consult with Andigo for details that may affect you.

apply online

Refinance your mortgage

Is it the right time to refinance your existing mortgage? Give us a call and in a few minutes, we’ll show you your options. A few great reasons to refinance include:

  • Lowering your rate for monthly and long-term savings
  • Extending your loan term for a lower monthly payment
  • Shortening your loan term for big savings
  • Exploring a cash-out refinance
  • Switching from a fixed rate to an adjustable rate for lower payments
  • Refinancing to a loan without private mortgage insurance (PMI) for monthly savings
  • Getting a better rate due to an improved credit score or increased home value

Start your mortgage refinance application.

apply online

First-time home buyers – Everything you need to know.

Looking to buy your first home? What a monumental life (and learning) experience! But we don’t want you going in unprepared. Check out our entire page dedicated to the mortgage process, home-buying step-by-step guide and Q&A.

Mortgage programs and home loan types

Fixed rate mortgage

The highest degree of stability with monthly payments that never change.

  • No prepayment penalties
  • Terms from 10–30 years
  • Low down payment and FHA options
  • Jumbo mortgage options available (financing up to $1,000,000)
  • 24/7 online access to your accounts
  • Competitive rates

Adjustable rate mortgage

Still a 30-year mortgage, but the rate is only fixed for the first part. This is great for those who don’t plan on this being their forever home. You can lock in a lower rate for a 3-, 5-, 7- or 10-year term (or the length of time you’ll probably live in your home) instead of a higher, unchanging rate.

  • No prepayment penalties
  • Finance up to $1 million
  • Automatic transfers from checking or savings
  • Jumbo mortgage options available (financing up to $1,000,000)
  • 24/7 online access to your accounts
  • Competitive rates

5/5 ARM

5/5 ARM — Andigo’s exclusive first-time home buyer program

  • Only 5% down payment required
  • Zero mortgage insurance (saving you hundreds of dollars per month)
  • Our 5/5 ARM will allow your down payment to go further than other mortgage programs
  • Not a first-time buyer? That’s OK, we’ll let you in on this offer too.
  • Available for purchase and refinance
  • Competitive rate
  • Exclusive to Andigo
Rate APR**

3.875%

4.902%

** APR=Annual Percentage Rate. Rates shown are effective as of 1/9/2019 and are subject to change without notice. The 5/5 ARM adjusts every 5 years after the initial 5-year fixed rate period for a 30-year term and has an adjustment cap of 2%, with a lifetime adjustment cap of 6% above the initial rate. Your rate will never fall below 2.75% (the floor rate). Monthly mortgage payment for the 5/5 ARM with a $175,000 loan amount and 3.875% interest rate would be $810.45, plus property taxes and insurance. The 5/5 ARM with a 5% down payment is available for loan amounts up to $500,000 for first time homebuyers and condo’s or $1,000,000 on all others transactions. Property must be a primary residence (condo, PUD or single family). Applicants and property must meet Fannie Mae requirements. This offer is available for a limited time and can be discontinued without notice. Other restrictions may apply.

FHA loans

FHA loans are a government sponsored loan program that can require a downpayment as small as 3.5%. Ask one of our knowledgeable loan officers for more information about this program.

Second homes and investment properties

Second homes and investment properties

Get a mortgage for your vacation home or investment property. Let’s talk over the details so we can give you all the info to get your next real estate project rolling.

Ready to speak with a real estate loan officer to find the best mortgage program for you?

apply online

contact form

Have questions about home mortgages? We’ve got answers.

What’s the first step to the mortgage process?

Pre-qualification first. Dream home second. Before you start house shopping, get pre-qualified for a mortgage online or by calling 847.576.5199 options 3,1. You’ll share details about your income, savings and credit score with your mortgage lender, who will then give you a pre-qualification letter showing how much they can lend — and how much home you can afford. Give that letter to your real estate agent so they can submit it with your offer to the seller when the time comes.

How long does the mortgage application take?

Complete your mortgage application online in about 20 minutes, and we’ll contact you to make sure we’ve got all the information we need and to review next steps. Or, call us at 847.576.5199 options 3,1 to complete the mortgage application with one of our real estate loan officers, even after-hours or on weekends! After the application is completed, we will give you the list of supporting documentation needed for the underwriter review. We will make sure the process is as painless as possible.

How long does it take for my mortgage application to be approved?

Depends! Typically, we can prequalify someone within minutes, and that prequalification is good for four months. Note that this requires accurate information on the application, so make sure you have a clear idea of your debt-to-income ratio and your budget. Once you find a home, your offer is accepted and you get us all necessary paperwork we can approve you within 2-3 business days. From there, our expert real estate loan offers will need about 30-45 days until closing. Rate lock can be set once you have a contract and is set for 60 days.

How do I know which mortgage program is best for me?

That’s where we come in. We have access to a wide variety of loan options, and we will make recommendations based on your needs and goals. Let’s chat!

How do I know I am getting the best mortgage rate?

Because we’re a not-for-profit credit union, we’re able to offer better rates than big banks. We consider factors such as your credit history, loan type and loan-to-value ratio to determine which rates are available to you. You can even choose to buy down your rate (called “points”) or increase your rate to offset closing costs.

Will I owe any money at closing?

Yes. Here are the details on what you will owe –

Purchase: closing costs, title fees and the down payment
Refinance: closing costs and title fees

But don’t worry, we can offset some of the cash needed at closing with the loan amount, or our HomeAdvantageTM program. We also have no closing cost mortgage options. Let’s chat!

Questions about mortgages, home loan rates or online application? Let's chat!

*
*
*
*
*
 
Captcha