Western Cooperative Credit Union exists for the financial benefit of its members. Its purpose shall be to maximize member benefits through cost effective financial services, education consistent with cooperative principles, prudent management, and to maintain a strong presence in our communities.

Conventional Loans

• Member must contribute 5% of the purchase price inthe form of closing costs, prepaids and down payment.
•  Member can avoid mortgage insurance (PMI) and escrow own taxes and insurance by putting 20% down.
•  Competitive rates and flexible terms.
•  Member and property must qualify under FANNIE MAE guidelines.
•  1 to 4 unit Investment properties are eligible with as little as 20 % down(depending on number of units). Refinance loans are also available ( 95% of appraisal on no cash-out, 80% cash-out).

FHA Loan

An FHA (Federal Housing Administration) loan features a low down payment and flexible terms

•  3.5% cash investment requirement.
•  1 to 4 unit properties are eligible (primary residence).
•  Loan is insured by HUD/FHA.
•  Decisions are made locally.
•  Refinance transactions are available

Rural Development Loan

Finance up to 100% of the purchase price and in some cases up to 100% of the appraised value!

•  Loan is guaranteed by the USDA/Rural Housing Service.
•  Member must qualify under Rural Housing guidelines.
•  Decisions are made locally.
•  One unit owner occupied properties.

ND Housing Program
(First Time Home Buyers or Roots)

Program can be utilized in conjunction with loan types above and provides a below market interest rate!

•  Guidelines are set by the North Dakota Housing Finance Agency. For more information, please see your loan officer.
•  Down payment and closing cost assistance is available to qualified members.
•  One to Four unit properties (primary residence) are eligible.