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Mortgage Loans

what's an adjustable rate mortgage (ARm)?

Adjustable-rate mortgages, or ARMs, have monthly payments that can move up and down as interest rates fluctuate. 

Most ARMs have an initial fixed-rate period during which the borrower's rate doesn't change, followed by a longer period during which the rate changes at preset intervals.

what's a fixed rate mortgage?

It's a mortgage with an interest rate that stays the same throughout the life of the loan. The main advantage is that your monthly principal and interest payments do not change making budgeting a snap. 

what's a home equity loan?

Home equity loans are a lot like personal loans. The amount you can borrow is essentially the difference between what your home is worth and how much you still owe on your mortgage. 

What's a home equity line of credit (heloc)?

Just like a home equity loan, a HELOC depends on how much equity you've built up in your home. The amount you can borrow is essentially the difference between what your home is worth and how much you still owe on your mortgage. Instead of receiving one large loan, though, you can get a line of credit - a set amount from which you can regularly withdraw funds. In that sense, it's like a credit card, except the interest rates are usually lower. 

what's a land loan?

Found the perfect piece of land to eventually build your dream home, retirement cottage or hunting cabin!? Or even as land for future investments? Our Bayer HFCU land loan is for you! Purchase vacant land without the pressure to immediately build. We offer land loans with a fixed interest rate. 

what's a construction loan?

Let us help you build your dream home! Our mortgage professionals will guide you along the way. We offer construction loans with a one-time closing process which smoothly transitions over to permanent financing. 

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Helpful numbers

Main Phone: (800) 272-6003

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Loan rates

Home improvement, revolving credit, new/used vehicles, ATV’s and more. View Loan Rates
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Locations & Info

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make a loan payment

Introducing Payment Portal, an easy and secure way to make online loan payments (from any device)! 
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smartphone payments with a tap

Quicker payment options are here: Google Pay, Apple Pay or Samsung Pay. Digital Wallet Details
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here to help you grow

Commercial Loan Financing – here for you, with competitive financing tailored to your individual business needs.