Close on Your Home Loan in 30 Days or less with Raiz FCU
Our mortgage experts make it simple and fast — so you can move into your dream home sooner.
NMLS ID: 247953
NUCA Insured
Equal Housing Lender
Trusted by 50,000+ members in El Paso
Estimate Your Payment
Calculate your estimated mortgage rate and monthly payment!
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Homeowners Insurance: 100
Mortgage Insurance: 167
Our Mortgage Loan Options
Conventional Mortgage Loan
Are you a first-time home buyer, or simply looking to finance a new home? A Conventional Mortgage Loan from Raiz is the solution you’ve been searching for!
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Construction Loan
Customize or build and customize your dream home with convenient in-house lending and one-time closing so you can seamlessly move from construction to permanent financing.
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1
Apply Online
It takes only minutes to fill out the online application.
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2
Get Approved
We'll crunch the numbers and let you know if you're approved.
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3
Buy Your New Home
Use the funds to purchase the home of your dreams.
Built on Local Trust
I never dread going to Raiz Credit Union to take care of business; the lobby is so welcoming, even offering drinks and snacks, and the wait period is always minimal. Their service is excellent; every issue I have ever had has been resolved quite quickly and in my favor. I have been a client for over thirty years and I have always been a satisfied customer.
Have been with the credit union for 30 years. Still satisfied with their service. Outstanding, everyone is so helpful. I would recommend them to anyone that needs a Credit Union.
The customer service was exceptional. They answered all my questions and helped me find the perfect loan terms for my budget.
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You’ll complete a quick online application that takes a few minutes. If you’re instantly approved, we’ll collect a deposit to order your home appraisal. A Mortgage Loan Originator will then guide you through the rest of the process, answer questions, and work with your agent or seller if needed. We’ll verify your information, order the appraisal and title work, and finally schedule your closing. A few days before closing, your Loan Originator will review the details with you so everything goes smoothly.
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Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we’ll issue an approval subject to you finding the perfect home. We’ll issue a pre-qualifications letter online instantly. You can use the pre-qualifications letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-qualifications for a mortgage may give more weight to any offer to purchase that you make.
When you find the perfect home, you’ll simply call your Mortgage Loan Originator to complete your application. You’ll have an opportunity to lock in our great rates and fees then and we’ll complete the processing of your request.
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Raiz FCU offers a variety of mortgage options including conventional loans, FHA loans, VA loans, USDA rural development loans, and jumbo loans. We also provide refinancing options and first-time homebuyer programs with competitive rates and flexible terms. Contact our mortgage specialists to discuss which option best fits your needs.
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You’ll typically need recent pay stubs, tax returns from the last 2 years, bank statements, employment verification, and identification. Additional documents may include investment account statements, gift letters for down payment assistance, and property information. Our team will provide a complete checklist during your application process to ensure a smooth experience.
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Whether you’re buying or refinancing, Raiz delivers service you’ll love.
If you’re still searching for the right home, start your no-obligation pre-approval today so you’re ready to act when you find it.
Why Thousands Trust Us with Their Home Loans
Customizable loan options tailored to your needs.
Expert guidance from our experienced mortgage team.
Dedicated support from application to closing.
Why Choose Raiz?
Our financial experts are some of the best, but really our motivation is you. Here is what we are doing to today to reach a brighter tomorrow.
Where Your Money Grows
You put in the effort – your money should too. With high-dividend checking, competitive loan rates, and strong savings and retirement options, our innovative products are designed to help you get more out of every dollar.
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24/7 Access and Support
Your money never sleeps, and neither do we. Raiz members have 24/7 access to digital banking and an online support chat available to help with all your banking needs.
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Free Online Courses
We don’t just want to help you manage your money, we want you to thrive! Raiz provides free, award-winning online courses that cover an array of topics for every stage of your life. Start your financial journey today.
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Community Dedication
Rising up our community is what drives us forward. We dedicate our time, funds, and resources to organizations and initiatives that are committed to making a difference.
Learn moreRaiz Preferred Realtor Program
Boost your career, serve your clients better, and grow with us!
Visibility and Connection – Network in new spaces and received exclusive invites to quarterly events with our mortgage department and community partners.
Shine bright – Step into the spotlight! Raiz celebrates you by highlighting your achievements with our network of 55,000+ people.
Simplify the Homebuying Process
Purchasing a home is a big deal. Likely one of the most expensive purchases you can make! Get your mortgage loan from the experts at Raiz and benefit from local knowledge and lower rates compared to many other financial institutions.
Have a question?
We’re happy to help you every step of the way!
Chat with us
Start live chatChat live with a team member who can quickly help answer your question.
Meet with us
Schedule an appointmentSchedule a virtual or phone appointment convenient for you, and let us help you get to the next financial level.
Advanced Options
Property Tax Rate
The tax that you are required to pay as a property owner levied by the city or municipality. Lookup your county rate or state average rate for a more accurate calculation.
Homeowners Insurance (Monthly)
The standard insurance policy that covers damage to your property and the things you keep in it. The average annual homeowners insurance premium is around $1,200.
HOA Fees (Monthly)
These are dues that are used by a homeowners association toward maintenance of common areas used by all homeowners in a housing development or complex.
Private Mortgage Insurance Rate
The premium for the insurance policy for FHA loans and conventional mortgages if your down payment is less than 20%. PMI typically costs between 0.5% to 1% of the entire loan amount on an annual basis. Only calculated if down payment is less than 20% of mortgage amount.
Disclosure
This calculation represents an estimate. Calculation does not factor credit score. Default input values are estimates.
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