Mortgage & Equity
Fast, easy affordable loans. Our low-cost, convenient mortgage loans come with a variety of payment terms. It is easy to apply in person, online or by phone or mail. Shoreline offers low-cost loans with a variety of payment terms to fit your budget.
80 Year Anniversary Mortgage Loan Special!
To celebrate our 80 year anniversary, Shoreline Hometown Credit Union is excited to offer a 2.80% APR* 30-Year In-House Fixed-Rate Mortgage. Check out this great Shoreline Hometown Credit Union opportunity that keeps more money in your pocket each month. How about a 30-year deal with a great interest rate? Apply online today to take advantage of this low loan rates. Applying online is quick and easy, go to ShorelineCU.org/apply. Shoreline Hometown Credit Union, voted Best Credit Union on the Lakeshore in 2020.
Membership requirements apply. Loans subject to credit and collateral approval. Payment example effective 3/1/2020. Example: Interest Rate = 2.730%. Annual Percentage Rate (APR) = 2.80%. The listed APR is based on the borrower’s credit worthiness and the loan to value (LTV). A credit score of 720 or greater and 80% LTV was used for this example. With a loan amount of $100,000 and 30 year amortization, the monthly payment will be $407.18.This example does not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be higher. Equal Housing Opportunity.
Mortgage Rates:
Closing costs used for a purchase assuming / A credit / <80% LTV / $100,000 loan amount.
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 30 Year Fixed | 2.730% | 2.80% | $407.18 |
| 20 Year Fixed | 2.490% | 2.59% | $529.42 |
| 15 Year Fixed | 1.990% | 2.12% | $643.05 |
| 10 Year Fixed | 1.990% | 2.07% | $919.69 |
Second Mortgage Rates:
Closing Costs used for Second Mortgage Equity Loan / A Credit / <80% LTV / $50,000 loan amount.
| Term | Rate | APR | Monthly Payment |
|---|---|---|---|
| 20 Year Fixed | 3.125% | 3.17% | $560.88 |
| 15 Year Fixed | 2.625% | 2.68% | $672.69 |
| 10 Year Fixed | 2.625% | 2.67% | $948.39 |
Home Equity Line of Credit Rates
Establish a credit line with your home’s equity.
| Loan-to-Value | 740> Credit Grade* | 739-680 Credit Grade* | 679-640 Credit Grade* |
|---|---|---|---|
| 80% or Less | Prime | Prime + .25 | Prime + .50 |
| 80.01% – 89.99%+ | Prime + 1.00 | Prime + 1.25 | Prime + 1.50 |
Options Include:
- Purchases
- Refinances
- Pre-approvals
- Low money down program
- First and Second mortgages
- Home equity loans Apply today*
- 5, 7, 10, 13, 15, 20 and 30 year fixed-rate mortgages
- Additional Mortgage Loan Products
- VA Loans
- USDA Loans
- WHEDA Loans
- FHA Loans
Bring these items in when applying for a Mortgage
- Two years employment history
- Two years of federal income tax returns (W-2, I-9 and all schedules)
- Two months of financial statements
- One month of pay stubs
- Child support or alimony received documentation
- Pension, disability or Social Security income requires current awards letter and three months of payment proof
- Copy of property data sheet and offer to purchase documents
- If refinancing — a copy of the property tax bill, home owners insurance, current mortgage statement (HARP streamline refinances require original Note and HUD settlement statement)
- Child support or alimony court order if paying
- If divorced — copy of divorce decree.
Shoreline Lending Experts who can assist you with your loan requirements:
Nicole Hurlbert
920-794-5503
NMLS ID 1121905/409479
[email protected]
3131 Mishicot Rd.
Two Rivers, WI 54241
Andrea Schmitt
920-794-2115
NMLS ID 441422/409479
[email protected]
4400 Calumet Ave.
Manitowoc, WI 54220
Ryan Angst
920-482-3775
NMLS ID 776482/409479
[email protected]
4400 Calumet Ave.
Manitowoc, WI 54220
Adria Pekarek
920-482-3706
NMLS ID 2045751/409479
[email protected]
4400 Calumet Ave.
Manitowoc, WI 54220
Bank from home! For first available Hometown Lender, email us Here.