Wright-Patt Credit Union

Wright Mortgages

Building a home

We are pleased to offer a Construction-Perm Loan program, which enables you to finance the construction of a new home. Construction Permanent Loans offer the convenience of a one-time loan application, loan approval, processing documentation and loan closing covering both the Construction Loan and the Permanent Mortgage Loan.

The Construction Loan offers a Construction Draw Period, which enables Wright-Patt to disburse loan funds during the course of construction based on inspection of the property and on the percentage of completion of the home. Interest only payments are required during the construction draw period. Upon completion of construction and receipt of final inspection and a certificate of occupancy, the loan transitions into the permanent mortgage loan. At that point, standard mortgage payments based on the initial loan interest rate and the loan term begin.

Members may apply and receive online approval for our Construction Permanent Loan programs. Special Construction Loan documents are required, which include approval of the home builder/contractor.

Building in the future?

If you are looking to acquire a lot for the future construction of a residence, a Lot Loan will serve your needs. This loan requires a down payment as low as 15%, with a 3-year balloon and the payment is based on a 15-year amortization.

Jumbo Loans

In the market for that "once in a lifetime" dream house? If you can make a large down payment and pay all your closing costs up front, you will get a lower rate by staying below this limit. However, if your financing needs are greater, a Jumbo Loan may be the right choice.

You can always contact one of our friendly, knowledgeable Mortgage Originators to find out more. They will help you find the right mortgage for you.

Equal Housing Opportunity

Mortgage loans processed and underwritten by myCUmortgage, LLC — a wholly-owned subsidiary of Wright-Patt Credit Union, Inc. All loans subject to credit approval and property appraisal.

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Wright4U Rate Ticker |
Product Rate APR*
30-yr fixed 4.875% 5.112%
15-yr fixed 4.625% 5.033%
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