Home Loans

Credit union home loan options to help you fund home sweet home.

Whether it’s your first home or your fourth, buying a house is an exciting event — one with lots of steps. Our Mortgage Loan Officers will help provide financing options that work for you, and guide you through every stage of the credit union home loan process.

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Lock & Shop: 60 day rate lock with drop option

Cobalt Credit Union's Lock & Shop program guarantees a fixed interest rate on your Conventional or VA mortgage loan, for up to 60 days while you are shopping for a home. Your interest rate will not increase if mortgage rates rise during the lock period. Property must be under contract within enough time to meet lock expiration date.



One time drop option

Your rate is locked for 60 days. If market rates drop once you have a purchase agreement you have the option to drop your rate for a fee of $350.00 (rate must be locked 10 business days before closing).

Extending the lock

If the rate needs to be extended to meet contract closing date a 30-day rate extension is available with a 0.25% fee or a 60-day rate extension with a 0.50% fee.
If loan cannot close by the lock extension date the loan will be relocked at the current market interest rate for the current loan program.

*Property must be located within 100 miles of a Cobalt Credit Union branch. Loans are subject to approval criteria. Some restrictions apply. Contact a representative for details. Federally insured by NCUA. Equal Housing Lender. 

Why Choose A Cobalt Mortgage?

Cobalt Credit Union has been serving our area communities for over 75 years. We are the largest locally-owned credit union in Nebraska with over 100,000 members. We continue to make strong business decisions, but never sacrifice our core values of Respect, Integrity, Service and Excellence. We are passionate about serving our communities and providing safe, quality mortgage solutions to home buyers in our local market.  

Benefits you can expect from Cobalt Mortgage 

  • Competitive rates and fees  
  • Fixed terms up to 30 years  
  • Expert mortgage loan officers who make the process efficient and hassle-free  
  • Custom mortgage solutions tailored to meet your financial needs and goals  
  • Fast and convenient online application and approval process  
  • Local underwriting, processing and closings  
  • 25+ convenient locations  



 “The Cobalt Mortgage team helped me understand the entire mortgage process by taking the time to explain everything that was going on and what it all meant to me. My mortgage loan officer helped me feel very comfortable with a big step in my life.”  

- A. Smith, Papillion, NE 

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Financing Options

10, 15, 20, or 30 year terms are available. Property must be located within a 100 mile radius of Cobalt Credit Union.

Conventional Fixed Rate

Say no to surprises. Avoid worrying about fluctuations in interest rates and enjoy a consistent mortgage interest rate for the life of your conventional loan.

Cobalt 100

No down payment necessary on this 100% Loan to Value financing solution.

3% Down Payment Mortgage

Whether it's your first home purchase or you have owned before, Cobalt Credit Union has mortgages that you can understand. With a lower down payment, no prepayment penalty, and in-house servicing, you'll know you're making the right move.

Big 10

Shorter terms mean paying less interest over the life of your loan. 

Jumbo Loans

Buying a home that exceeds conforming loan limits? If you have an established credit history and can put at least 10% down a Jumbo Loan might be the option for you.

Extended Locks 

Lock in your rate for up to 365 days on a new construction loan. Secure your low interest rate today! 


Save money by lowering your mortgage payment, paying off your mortgage sooner, or taking out cash to pay off high-interest debt.


Secure a loan to invest in the residential real estate market.

Whether it's home improvement, debt consolidation, or an unexpected expense - now is the perfect time to unlock your home's equity at a great low rate!



Home Loan Resources

Buying a home can be overwhelming. Here are some calculators and articles to help guide you on your journey to home ownership.

Ready to take the next step?

Meet our financing team