Home Loans
Telcoe offers a variety of home loans to fit your needs. We offer the most competitive rates and closing cost in Arkansas on mortgage loans, home equity loans, and home improvement loans. We have branches in Little Rock, Sherwood, and Russellville.
Choose a Home Loan
Benefits of Telcoe Federal Credit Union Home Loan Products
We offer the most competitive rates and the lowest closing costs on home loans in Arkansas so you can buy the home you want and comfortably afford your monthly payments. Get started with a simple online application today!
Financing Comparison
| FHA | Conventional | Construction | Rural Development | |
|---|---|---|---|---|
| Credit History | Min 620 credit score1 | Min 640 credit score | Min 680 credit score | Min 660 credit score |
| Max Loan to Value | 96.50% | 95% | 80% | 100% |
| Loan Limit | $420,680 | $647,2002 | No maximum3 | Based on location |
| Mortgage Insurance | 4 | 5 | N/A | 6 |
2 Jumbo loans available.
3 Must meet construction loan guidelines
4 Must pay 1.75% of loan as insurance premium upfront, but can finance into loan. Annual mortgage premium approximately 0.85% of loan amount, divided equally into 12 monthly payments.
5 Monthly premiums apply until loan amount drops below 80% of home's value.
6 Must pay guarantee fee of 1.00% upfront, but can finance into loan. Annual mortgage premium approximately 0.35% of loan amount divided into 12 monthly payments.
MORTGAGE LOANS
Take advantage of competitive interest rates, flexible loan terms, and a range of loan options when you choose Telcoe for your home loan in Arkansas.
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HOME EQUITY LOAN
Get a lump sum payment to finance your home improvements, debt consolidation, and more. Enjoy low fixed rates and terms of up to 10 years.
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CONSTRUCTION LOANS
Build your dream home with up to 80% financing and no maximum loan amount. Get your plans ready and we'll make payments at key stages of your journey.
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FHA TITLE 1 HOME IMPROVEMENT LOANS
Borrow up to $25,000 with no equity needed when you use the funds to beautify and upgrade your home. Choose a term of up to 180 months.
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First Time
Home Buyer?
Check out our video that can help guide you through the home buying process and answer many questions. Want to schedule a meeting with a Telcoe Home Buying Specialist? Contact us and we can set a virtual or in person appointment.