Click here to find out our current mortgage rates. CUMA stands for the Credit Union Mortgage Association . CUMA is a full-service mortgage company totally owned by credit unions, including the United States Senate Federal Credit Union. CUMA is just another part of the credit union. We offer conventional, VHA and FHA packages, competitive fixed or adjustable rate plans are available, as well as traditional, jumbo, buy-down and balloon alternatives.
Closing costs are any fees associated with purchasing a home and getting a loan.
If refinancing, all loan costs are paid by you and included in the loan amount. In addition to points and other lender fees, settlement fees are charged for title search, notary and attorney's fees and, if applicable, private mortgage insurance. Closing costs also include state and county taxes. All these costs, which normally add up to about five percent of your loan, are estimated at the time of application by Good Faith Estimate. Appraisals must be done at the time you apply for any of our home loans.