Lending Products
PERSONAL LOANS
Our fixed rates are lower than department store charge cards and most credit cards. At Watertown Municipal Credit Union, we’re focused on getting you the solution that best fits your need.
Personal Loans
Great for consolidating debt, wedding expenses, tax bill or any other unexpected expense.
• Borrow up to $10,000
• Flexible terms up to 48 months
• No early payoff penalties
• No fees attached
Holiday and Vacation Loans
Need some extra money for that overdue vacation or a special holiday gift? You can spread it out over a few short months and avoid the higher credit card interest rates.
• Loan amounts up to $3,000
• Maximum term of 12 months
• No refinance option available
Share Secured Loans
Use the balance on your share account as collateral and enjoy the benefit of lower rates and longer terms.
• Borrow up to 90% of share account balance
• Low Interest Rates
• Maximum term of 84 months
AUTO LOANS
Finance or refinance? Either way, we’re here to help you. The right loan can save you hundreds- even thousands – of dollars, and make the purchase or refinance of a vehicle a great experience.
New Vehicles
• Terms up to 72 months
• 100% financing available
Used Vehicles (2020, 2021 and 2022 models)
• Terms up to 60 months
• Minimum 10% down payment
Used Vehicles (2017, 2018 and 2019 models)
• Terms up to 36 months
• Minimum 20% down payment
Recreational Vehicles
• Boats, campers, motorcycles and motor homes
• Same terms and rates as the auto loans
REAL ESTATE LOANS
Whether you’re buying your first home, upgrading to a bigger house or looking to refinance your current mortgage, we will find the right loan for you.
Conventional First Mortgages
• Very Competitive Fannie Mae and Freddie Mac Rates.
Gov’t Loans/Gov’t Loans 203K
• Purchases or Refinances with lower Fico scores and higher LTV’s.
• Solid fixed rate loans.
• Also loan rehabilitation on new or current homes.
VA Mortgages
• 30 Year Fixed Rates
• 100% Financing
• 90% LTV cash out
• No PMI Required
Rural Housing
• 100% financing on purchases in small suburban/rural areas.
• No PMI.
Reverse Mortgages
• Opportunity for seniors (62 and over) to increase monthly cash flow
UNSECURED HOME IMPROVEMENT LOAN
These loans are great for small home improvements. Benefit from the low rate, available terms and lower monthly payments.
• Borrow up to $9,900
• Loan terms up to 60 months
