Online Mortgage Center

Purchasing a home will likely be one of the biggest decisions of your life. The process can be overwhelming and stressful. At Land of Lincoln Credit Union, our mortgage experts are ready to help you make the financing side of the transaction as smooth as possible. We also want you to feel comfortable and understand your options, every step of the way.

Meet Our Mortgage Team

Click on the links to email Cyndi, Jeff, or Tricia.

Cyndi Kostenski, Mortgage Manager

Jeff Drake, Mortgage Loan Officer

Tricia Kramer, Mortgage Loan Officer

Types of Mortgages

Fixed Rate Mortgages Your loan payment stays the same.

  • Interest rate remains the same for the entire loan.
  • Perfect if you want stay in your home for a longer period of time or the entirety of the loan.
  • 15, 20, 25 and 30-year terms.

Adjustable Rate Mortgages Your payments are a little less initially.

  • Interest rates & payments start low for the first 3, 5 or 7 years, then fluctuate with the market.
  • Perfect if you want to move in a short time or pay off the loan quickly.

FHA Mortgages A loan with a lower down payment.

  • Up to 97% financing.
  • 15, 20, 25 and 30-year terms.
  • Flexible credit guidelines.
  • Down payment can be gifts, savings or 401(k) withdrawals.

Rural Development (RD) Mortgages A loan for RD designated areas with a lower down payment.

  • Up to 100% financing.
  • 30-year fixed rate loan.
  • No Private Mortgage Insurance (PMI).
  • Flexible credit guidelines.

Mortgage Calculators

 Mortgage Documents Needed

The following is a list of documents that you will likely need to provide to your Mortgage Loan Officer (MLO) during the mortgage application process:

  • W2’s from Current and Past Employers
  • Paycheck Stubs
  • Bank Statements
  • Tax Returns from past 2 Years
  • Gift Letter (if applicable)
  • List of All Debts & Assets
  • Proof of Timely Rental Payments
  • Credit Report Profit & Loss Statements
  • Signed Sales Agreement
  • Proof of Additional Income
  • Divorcee Decree (if applicable)
  • Bankruptcy Paperwork (if applicable)

 Online Mortgage Center Disclosure

NMLS ID: 412587. First mortgage purchase and refinance loans are available in most Central Illinois Counties.