REAL ESTATE LOANS

Closed End Real Estate

This loan product would be a second deed of trust up to 90 percent where the first deed of trust is up to a maximum of 80 percent investor quality loan, and the second, up to a combined total of 90 percent would be held in the credit union's loan portfolio. Printable flier (PDF)

Owner Builder Construction

Denali Alaskan’s owner builder construction loan program is designed for owner builders or those who retain a professional contractor or builder. Then once construction is completed, convert their loan to long term financing, typically with the credit union’s home loan department.

The credit union can loan the lessor of 90 percent of the cost of construction or 80 percent of appraised value. Each month draw of funds occurs based on inspection of each phase, saving you costs normally associated with builder overhead. Printable flier (PDF)

Improved/Unimproved Real Property

This loan product can be used for both improved and unimproved property. Improved may be a recreational cabin while unimproved a lot on a road system intended to future development such as a home or or cabin. Loans can be up to 75 percent of appraised value on residential lot on the road system, 65 percent on a recreational lot and 40 percent on an lot not served by a road system. Interest rates are based on the term of the loan, from 60 months to 144 months. Printable flier (PDF)

Home Equity Line of Credit

Our home equity lines of credit (HELOC) offer one of the safest, easiest and most secure options for raising money. Access your money when you need it and your interest may be tax deductible. That's a cost-effective combination. Our minimum line of credit is just $5,000 up to $350,000. Our maximum loan-to-value ratio is 80 percent of the appraised value. Printable flier (PDF)

 

We want you to have the financial flexibility to achieve all your goals – because you're part of our family and you belong here.

NMLS# 403077