Questions? info@cufs.org (800) 503-6855

Mortgage Options

We Have The Loan For You

We can assist you with purchasing a home; or refinancing an existing mortgage. Our options include Conventional, FHA, VA & USDA loan programs. See below for more details for each type of residential property.

Primary Residences Home Purchase Options:

  • This loan offers terms of 15, 25 and 30 years.
  • The Down Payment can be a gift from a relative.
  • The seller may contribute up to 6% for closing costs and prepaid expenses.
  • The minimum acceptable Credit Score is 580.
  • Maximum loan amounts apply and vary by county.
  • This loan offers terms of 10, 15, 20 and 30 years.
  • Rates can be either Fixed or Adjustable.
  • The minimum acceptable Credit Score is 620.
  • Credit Union Members receive a lower monthly PMI (Private Mortgage Insurance) payment.
  • Interest rate and monthly payment only adjusts every 5 years, 7 years, or 10 years depending on which adjustable rate program is best for your situation
  • The maximum your interest rate can increase after the first fixed period is 2%
  • Your interest rate will never exceed 6.95% regardless of current fixed rates
  • NO Private Mortgage Insurance
  • NO Georgia Intangible Tax
  • Loan terms of 10, 15, 20 or 30 years
  • 680 credit score requirement
  • Must meet program guidelines
  • Property must be in USDA's eligible area (generally outside Metro Atlanta)
  • Income restrictions apply (ask our loan officers if you meet guidelines)
  • One-time 2% Guarantee Fee which can be financed into loan amount
  • Market rates
  • For Veterans Only (must have DD-214 Certificate)
  • Loan terms of 15 and 30 years
  • No Monthly Private Mortgage Insurance
  • Funding Fee which can be financed into loan amount; 2.15% for 1st time use & 3.3% for subsequent use
  • Maximum loan limits apply - varies per Veteran

Primary Residences Home Refinance Options:

  • The maximum loan amount is up to 97.75% of the appraised value of your home when you refinance your First Mortgage only.
  • The maximum loan is up to 85% of the appraised value of your home when you refinance your First Mortgage and also include your Second Mortgage, pay-off other debt and/or receive cash-out.
  • The maximum loan amount is up to 95% of the appraised value of your home when you refinance your First Mortgage only. A minimum Credit Score of 620 is required.
  • The maximum loan is up to 80% of the appraised value of your home when you refinance your First Mortgage and also include your Second Mortgage, pay-off other debt and/or receive cash-out. A minimum Credit Score of 620 is required.
  • Borrow up to 90% of your home's appraised value
  • Interest rate and monthly payment only adjusts every 5 years, 7 years, or 10 years depending on which adjustable rate program is best for your situation
  • The maximum your interest rate can increase after the first fixed period is 2%
  • Your interest rate will never exceed 6.95% regardless of current fixed rates
  • NO Private Mortgage Insurance
  • NO Georgia Intangible Tax
  • Loan terms of 10, 15, 20 or 30 years
  • 680 credit score requirement
  • Interest Rate Reduction Loans (IRRLs) allow a Veteran to refinance his/her First Mortgage balance and include closing costs and funding fee up to the Veteran's loan eligibility limit - regardless of appraised value.
  • Cash-out Refinances are limited to 95% of appraised value.
  • Loan terms of 15 or 30 years.
  • Max loan amount: $453,100

Second Home Purchase Options:

  • This loan offers terms of 10, 15, 20 and 30 years.
  • Requires as low as a 10% down payment.
  • Fixed and Variable rates are available at the same rates as for primary residences.
  • To qualify as a Second Home, the property must be located at least 60 miles from primary residence.

Second Home Refinance Options:

  • The maximum loan amount is up to 90% of the appraised value of your second home.
  • Cash-Out option is available up to 75% of appraised value.

Investment Properties Purchase Options:

  • This loan offers terms of 10, 15, 20 and 30 years.
  • A down payment of 20% of the sales price is required.
  • The loan is for Single Family Properties only.
  • Interest rates for this Mortgage Loan will typically be 1/2 - 3/4% higher than for a Primary Residential Property.
  • Requires 6 months Principal, Interest, Taxes and Insurance (PITI) in reserves.
  • Minimum credit score of 720 required.

Investment Properties Refinance Options:

  • The maximum loan amount is 80% of the property's appraised value if paying off 1st Mortgage only.
  • The minimum acceptable credit score is 720 or above.
  • Cash-Out option is available up to 75% of appraised value.
  • Borrower may have no more than four financed properties including the primary residence and the current property being financed.

Michelle Wright

Michelle Wright serves as Servicing Manager for Credit Union Financial Services, LLC (CUFS) in Covington, Georgia. She began her career with CUFS as a Mortgage Loan Servicer in 1998. As her career advanced, Michelle transitioned to a Marketing/Business Development role. In 2007 Michelle was promoted to her current role. She is responsible for loss mitigation, mortgage lender compliance relating to Real Estate Settlement Procedures Act (RESPA) and Consumer Financial Protection Bureau (CFPB), month end and quarter end reporting, as well as general mortgage servicing.

Michelle resides in Stockbridge. She graduated with a Bachelor’s Degree in Psychology from the University of Maryland, Eastern Shore in 1991.

Jim Dymek

Jim Dymek started in the mortgage business as a Loan Originator in January of 2002 working for a Mortgage Banker. Jim’s prior career was selling technology to Fortune 500 companies for approximately 14 years in the Southeast.

Leveraging his mortgage experience, Jim returned to the technology field from 2011 to 2014 selling mortgage technology solutions for Calyx Software and Lending QB in the Southeast US.

Jim has consistently been in the top 10% of production at various mortgage companies by primarily focusing on educating the consumer and providing thorough follow up.

Jim is passionate about educating the consumer on the basics with an emphasis on explaining how important credit is in the mortgage approval process. Jim prides himself on providing the consumer multiple options rather than just one mortgage option. Jim also has a strong understanding of compliance and the current regulations governing the industry.

A resident of Dunwoody, Jim moved to the Metro Atlanta area in 1974. He attended Dunwoody High School and is a 1985 graduate of Georgia Tech with a Bachelor’s Degree in Industrial Management.

David Gowen

David is a Mortgage Loan Originator at Credit Union Financial Services in Covington, Georgia. He helps provide mortgage solutions to members of Credit Unions in Georgia. After starting in the mortgage industry in 1986, David spent the first 21 years of his career working in the consumer finance industry and with wholesale or correspondent lenders as either an individual producer or sales manager. Since 2007, he has worked for several banks or mortgage lenders dealing with consumers either as an individual producer or branch manager.

A lifelong Georgia resident, David has been in in the Metro Atlanta area for 35 years. David attended Charlton County High School in South Georgia and is a 1984 graduate of Georgia Southern University with a Bachelor’s Degree in Management.

David resides in Cumming, Georgia with his wife Ali and his son Grant. He is active member of Cumming First United Methodist Church and Leadership Forsyth.

Pam Hunt

A Georgia native, I began my mortgage career 30 years ago. I have a passion for what I do as a Mortgage Originator. My experience has afforded me excellent interpersonal and customer service skills. My hard work and solid knowledge of finance has allowed me to work in management, sales, training, operations and compliance. I feel my unique ability to assist homebuyers with a comforting level of compassion in the home buying process provides a strong repeat customer base; I am privileged to help homeowners achieve their dreams.

When I’m not helping customers with their mortgages, I am a very proud Grandmother of three. I enjoy Georgia Bulldogs Football, music festivals and traveling.

Ken Obiecunas

Ken Obiecunas has over 20 years’ experience as a Loan Originator and Branch Manager. As a Loan Originator, he has been a consistent President Club’s member. The first 17 years of his mortgage career were spent at two larger banks. As a Manager, Ken enjoys training and coaching his team to exceed their past successes.

Ken holds two Bachelor’s Degrees from Indiana University of Pennsylvania (Journalism and Communications Media). He also holds a Master’s of Information Sciences degree from the University of Pittsburgh.

Ken is a five-year resident of Atlanta, after relocating from the Pittsburgh area, and lives in the Old 4th Ward district.

Debra Sibley

With over 25 years’ experience in the mortgage industry Debra has been with Credit Union Financial Services since 2015. She has held various positions during her career including origination, processing, and underwriting. She attended Gordon College and has completed multiple courses through Fannie Mae, Freddie Mac, and Capstone Institute. Debra and her husband, Charles, currently live on Jackson Lake with their 2 dogs. The best part of being a loan originator is helping people make the best choices for them and their families in regards to home financing.

Paul Totman

Paul Totman is a 25-year resident of Gwinnett County, GA. Paul has been productive in the Mortgage business for 17 years. A graduate of Northrop University majoring in Avionics, Paul is an avid baseball and aviation enthusiast.

Whether purchasing or refinancing, Paul is focused on providing a superior customer experience. He listens to and assists each and every customer to find the best possible loan program to for their individual needs.

Paul offers expert mortgage advice and is always available to assist you throughout the entire loan process – all the way to the closing table. He thoroughly enjoys and loves originating loans to help folks like you get in to a House to call Home.