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Mortgage Loans

Commonwealth Credit Union offers a wide array of loans to serve your mortgage needs. We also have a dedicated staff combined with competitive rates, terms and fees to make obtaining your mortgage an effortless and money-saving experience.  Plus, with the convenience of our 24/7 Online Mortgage Application Website, you can apply whenever you're ready.

We offer FHA, VA, USDA Rural Loans, Bridge Loans, Construction Loans, First Mortgages, and more.

Special Offers

   BUY OR REFI!  2.59% RATE(2.73 APR*) 
*APR=Annual Percentage Rate.  All loans subject to credit approval.  Loan amounts of $50,000 to $250,000.  Maximum loan-to-value of 75%.  Payments on a loan at 2.73% APR would be $710.20 per $75,000 borrowed.  $499 closing costs.  Full appraisal may be required.  Primary residence only. Current CWCU loans might be eligible.  Limited time offer.  Other restrictions may apply. Offer valid through September 30th, 2021. 


Buying a home is probably the largest investment you will make in your life. You want to make an educated decision, and the Credit Union's lending staff is ready to help with the process.  


Now is a great time to refinance your existing mortgage to take advantage of the low rates.

Features of our First Mortgage Products:

  • Fixed and adjustable rates are available
  • We finance owner occupied, 1-4 family homes in Kankakee, Ford, Iroquois, Grundy, Kendall, Livingston and Will counties
  • Quick Approval
  • No pre-payment penalties
  • lnterest may be tax-deductible (consult your tax advisor)
  • Minimum of 3.5% down payment* (FHA Loan)
  • Ten, fifteen, twenty and thirty year mortgages available

     *Loans with less than 20% down payment put on equity are sold in secondary market. 

Please apply at our 24/7
 Mortgage Application Website
CommonWealth Credit Union NMLS # 799719
Todd Meier NMLS # 1124023
Melissa Hendrix NMLS # 1591623