Your Key to Homeownership in Parma, OH

Buying a home is one of the most exciting milestones in life. Whether you are looking for that perfect starter home on Snow Road or settling into a forever home near West Creek Reservation, the journey is always better when you have a local partner by your side.

At Unity Catholic Federal Credit Union, we believe that getting a mortgage shouldn't be stressful or confusing. We are not just a lender; we are your neighbors in Parma. We are dedicated to helping you navigate the housing market with financial tools designed to fit your unique budget and lifestyle.

If you are ready to make a move, we are here to open the door.

First Mortgages: Making Your Dream Home a Reality

When most people think of buying a house, they are thinking about a "First Mortgage." This is the primary loan used to purchase your property. Finding the right mortgage is about more than just getting approved; it is about finding terms that allow you to live comfortably while paying off your home.

We offer a variety of First Mortgage options with competitive rates and flexible terms. Because we are a credit union, we look at you as a member with a name and a story, not just a credit score on a spreadsheet. Our goal is to help you finance your home in a way that supports your long-term financial health.

Whether you are a first-time buyer or looking to refinance your current home for a better term, our team is ready to walk you through the process step-by-step.

Unlock the Potential of Your Home

If you already own a home in Parma, you have likely built up equity over the years. Your home is more than just a place to live; it is a powerful financial asset. You can leverage the value of your home to pay for major renovations, consolidate high-interest debt, or cover unexpected life expenses.

We offer two primary ways to tap into this value: Fixed Rate Home Equity Loans and Variable Rate Home Equity Lines of Credit.

Fixed Rate Home Equity Loans (Second Mortgages)

A Fixed Rate Home Equity Loan, often called a "Second Mortgage," is ideal if you have a specific, one-time expense in mind. Maybe you need a new roof, or perhaps you are planning a wedding.

With this option, you receive a lump sum of money upfront. The interest rate remains fixed for the life of the loan, which means your monthly principal and interest payments will stay the same. This predictability makes it easier to budget for the future, knowing exactly what you owe every month.

Variable Rate Home Equity Line of Credit (HELOC)

If you need more flexibility, a Home Equity Line of Credit (HELOC) might be the better choice. Think of a HELOC like a credit card that uses your home as collateral. You are approved for a specific limit, and you can draw funds from that line of credit whenever you need them.

This is a variable-rate loan, meaning the interest rate can fluctuate with market rates. However, the advantage is that you pay interest only on the funds you actually use. As you pay down the balance, your credit limit becomes available again. This is an excellent solution for ongoing home improvement projects or as a safety net for emergencies.

Protecting Your Investment With TruStage™

Buying a home is likely the biggest investment you will ever make. It makes sense to protect it against the unexpected.

We partner with the TruStage™ Home Insurance Program to offer coverage designed specifically for credit union members. This program can help provide a safety net for your property and possessions, giving you peace of mind so you can focus on enjoying your home.

Why Choose a Credit Union Over a Bank?

You have many choices when looking for a mortgage lender in Parma, OH. So, why choose Unity Catholic FCU?

The difference lies in our structure. Unlike big banks that answer to stockholders, we are a not-for-profit financial cooperative owned by our members, people just like you. This allows us to return profits to our members by offering lower loan rates, higher savings yields, and fewer fees.

When you finance your home with us, you keep your money local and support an institution that genuinely cares about the Parma community.

Let’s Get Started

Are you ready to take the next step toward homeownership or refinancing? Our friendly lending team in Parma is eager to help you find the right solution.

You can learn more about our current rates and apply online, or stop by our local branch to speak with us in person. Let us help you bring your housing dreams to life.