Buying a house, whether it’s your first or your fourth, is an exciting milestone, and we’re here to help make the process as smooth as possible. Our experienced Mortgage Loan Officers will guide you through every step of the home loan journey at our credit union, offering financing options tailored to your needs.
Benefits you can expect from Cobalt Mortgage:
- Competitive rates and fees
- Fixed terms available
- 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
- Our strong and reliable branch network
Learn About our Mortgage Options and Resources:
Why Choose A Cobalt Mortgage? | Financing Options | ARMs | Professionals Program
First-Time Homebuyer | Apply with Your ITIN | Mortgage Resources | Schedule an Appointment
Cobalt Zero PMI Mortgage
We believe that home financing should open doors without adding unnecessary costs. The Cobalt Zero PMI Mortgage provides qualified borrowers with a conventional mortgage option that eliminates private mortgage insurance (PMI), offering flexible financing for both home purchases and cash-out refinances.
- No PMI*
- 0% down payment
- Up to 100% financing on conventional loans
- Up to 90% financing on conventional cash-out refinances
*For full disclosures, visit our Cobalt Zero PMI Mortgage page.
1 Additional conditions and exclusions may apply. All programs, rates, and terms are subject to credit approval and may change without notice. Certain underwriting requirements and conditions must be met. Closing costs, buyer costs and escrow fees may apply. For full details, please contact Cobalt Credit Union at (800) 228-0392. Equal Housing Lender.
2 An applicant must have, or open prior to closing, a checking or savings account with Cobalt Credit Union. Applicants with an existing Cobalt account prior to application also satisfy this requirement. Those employed in research or as professors are not eligible. Eligible properties must be owner-occupied primary residences and limited to one-unit single-family attached or detached homes. This program is available for conventional purchase and rate-and-term refinance transactions only. Maximum loan-to-value (LTV) is up to 100% for loan amounts up to $650,000 and up to 97% for loan amounts up to $800,000. The property must be located in Nebraska or Iowa and within Cobalt Credit Union’s lending area. A minimum credit score of 700 is required for loans up to 95% LTV, and a minimum credit score of 720 is required for loans exceeding 95% LTV up to 100%. Borrowers must have at least three established tradelines, which may include open or closed accounts. The maximum debt-to-income ratio is 45%. Reserves of 2 months of PITIA (principal, interest, taxes, insurance, and assessments) are required. Gift funds may be used to satisfy this requirement. Employment in an eligible profession may begin within 90 days after the note date. A non-contingent, fully executed, and accepted employment contract or offer letter is required to verify future employment..
3 For full disclosures, visit our ITIN Lending page.
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!
Mortgage Resources
Buying a home can be overwhelming. Here are some calculators and articles to help guide you on your journey to home ownership.
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Understanding Home Loans
