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Building, buying, or refinancing?

It’s not just a house, it's your home. It’s about your life and your family. It’s a big deal, personally and financially. When you apply at Interra Mortgage, you’re supported by people you know and trust in our communities. Interra’s mortgage loan originators will work to match you with the mortgage that meets your needs and lifestyle. They will help navigate the smallest of details to make the process as easy as possible for you.

Consider these Benefits of Working with Interra Mortgage:

  • In-house local processing, underwriting, and closing.
  • Mortgage loan originators available throughout the credit union’s service area.
  • Interra servicing – pay your mortgage loan at any credit union office.1

Conventional Loans

  • Fixed and adjustable rate programs
  • Down payment as low as 5%
  • Jumbo loan options
  • Amish programs available – Amish Aid Insurance approved

FHA Programs

  • First time home buyers welcomed
  • Down payments as low as 3.5%
  • Less than perfect credit allowed – apply to see if you qualify

USDA – Guaranteed Loans

  • Purchase of primary residence only
  • Down payments as low as 0%
  • Property and Income must qualify – per USDA guidelines

First Time Homebuyers Program

Interra Credit Union offers a program to make it a little easier to buy your first home.

  • $1,000 off closing costs, leaving you with more cash in your pocket2
  • Contact Interra for more information and to set up an appointment

Please do not submit personal information such as credit/debit card numbers, account numbers, social security numbers, etc. through e-mail, which is not secure. Instead, you may send a message through Interra Online Banking or call or visit any Interra office.

Construction Loans – “One Time Close”

Fixed Rate

  • Minimum credit score of 700
  • Rate locked in at origination
  • 8-month construction period - Interest-only due during the construction period


Adjustable Rate (ARM)

  • Minimum credit score of 680
  • Initial rate lock at origination
  • Amish design accepted – Amish Aid Insurance approved
  • Purchase plus improvement options

What is the difference between a conventional loan and a FHA loan?

Conventional loans are a government-sponsored loan program allowing a down payment as low as 5% that has the best rates and terms for our members. 

FHA loans, are government insured loans, which allows for a down payment as low as 3.5% and are more flexible and forgiving of past credit issues. 

What is a USDA loan?

USDA loans are loans that allow for 100% financing providing that the property and the borrower qualify for the program. Property eligibility is driven by the property location and the borrower eligibility is driven by maximum income limits determined on a county by county basis. In the Interra market area, this option provides a real opportunity to become a homeowner with a minimum of funds needed at closing.

What percent do you have to put down for a construction loan?

At Interra we offer two one-time close construction loan products, and both require a minimum of 10% equity. This amount can be satisfied with cash at closing, but also by the equity in the land value if already owned by the member.

What is the lowest down payment for a conventional mortgage?

Conventional lending standard requirement for down payment of a mortgage is 5% of the purchase price. There is a special program (Home Ready) that will allow for a down payment of only 3%, but the program has underwriting rules regarding First Time Buyers and income limitations to qualify. An Interra mortgage loan originator will be able to explain the differences and help to place you into the best loan option.

Calculate a Mortgage Payment

Visit the Mortgage Center

Find current rates, get a quote for a purchase, or refinance, apply for a loan, and more. Once you’re ready to start the process, make sure you bring the essential documents to your appointment.

Peggy Milton
Residential Mortgage Originator
Laurie Tatich
Mortgage Loan Originator
Lori Bolyard
Mortgage Loan Originator
Carmen Gonzalez
Mortgage Loan Originator
Stephanie Weldy
Mortgage Loan Originator
Gina Champion
Mortgage Loan Originator
Lexy Hayford
Mortgage Loan Originator
Clarrisa Lora
Mortgage Loan Originator

1With few exceptions, you can pay your loan locally at Interra offices.2Offer available to first time home buyers, single-family, primary residence only. Some restrictions apply.