Home Loans

Fixed-Rate Mortgages

• The most popular mortgage on the market
• Fixed rate for the entire term lets you budget with certainty

Federal Housing Administration (FHA) Home Loans

• Provides government-backed mortgage insurance
• Available to purchase a single-family home or refinance an existing home mortgage loan
• Competitive rates, smaller down payment options, and greater flexibility when calculating household income and payment ratios than traditional home loans
• Learn more about FHA Loans

Veterans Administration (VA) Guaranteed Home Loans

• Allows qualifying military veterans and active duty personnel to purchase a home or retain their home
• Offers low or no down payment, based on the value of the property being purchased, to finance the VA funding fee, and to avoid mortgage insurance premiums
• No prepayment penalty
• VA Loans can also be assumed by a purchaser when the home is sold
• See if you are eligible for a VA Loan, request verification of your eligibility, or get answers to some of your questions through the Department of Veterans Affairs

First-Time Homebuyer Program

• Choose conventional financing, FHA, or VA financing
• Down payment assistance available in certain areas
• Available for the purchase of owner-occupied residence

Construction Loan

• Get the money you need to build the house of your dreams
• Up to 95% financing available^*

Home Loan Refinancing

• Can help you save money or pay off debt faster
• Get up to 97% financing^**

Rehabilitation-Renovation Mortgage

• A first mortgage program designed to purchase or refinance a home and simultaneously provide funds to cover the costs to renovate, remodel, or repair a property.
• Fixed-rate for the entire term

^*To qualify for 95% financing, all current underwriting guidelines must be met for the final mortgage approval. For specific information about your mortgage needs, including rates, terms, fees and more, please contact a 7 17 Mortgage Loan Consultant or visit our Mortgage Loan Center.

**To qualify for 97% financing, all current underwriting guidelines must be met for final mortgage approval. For specific information about your individual mortgage needs, including rates, terms, fees and more, please contact a 7 17 Mortgage Loan Consultant or visit our Mortgage Loan Center.

Check out our Mortgage Loan Center to research all of your options:

• Get information about our home loan products
• Check out our mortgage rates
• Keep an eye on our mortgage loan rates through email with our rate watch service
• Get personalized mortgage rate quotes
• Get pre-qualified for a mortgage loan
• And, when you're ready, apply for a mortgage online

Talk to our Mortgage Loan Consultants today.

In the market for a new home or thinking of selling yours? Look up the home’s value from the records of the county where the home is located.

• Ashtabula County
• Carroll County
• Columbiana County
• Coshocton County
• Crawford County
• Cuyahoga County
• Geauga County
• Holmes County
• Mahoning County
• Medina County
• Portage County
• Richland County
• Stark County
• Summit County
• Trumbull County

Looking for a county not listed? Try searching this website: http://caao.org/auditors-directory/

Some 7 17 mortgage loans have been sold to PHH. If your 7 17 home loan is now serviced by PHH, you can find information about your loan by visiting their website or calling 800-449-8767.

For information about your other 7 17 home loans, please call 7 17 Credit Union.

7 17 Credit Union has partnered with Midwest Loan Services. They have specific expertise in the area of mortgage loan servicing which allows us to offer 7 17 borrower’s additional benefits and services, including options for making payments and accessing your mortgage information online.

You can contact the Midwest Member Service Center at 1-833-586-9298 from 8 a.m. to 8 p.m. Eastern Standard Time. 
 
To access your mortgage loan online, visit the Midwest Loan Service website:  www.midwestloanservices.com.

To make your mortgage payment to Midwest:

• Mail payments to:

Midwest Loan Services
P.O. Box 188
Houghton, MI 49931

• To set up automatic payments, please contact Midwest Loan Services
• You have the option to make your payment at any 7 17 branch

Borrower Frequently Asked Questions on loan transfers

General Questions 

Q: Why is 7 17 Credit Union partnering with Midwest Loan Services (MLS) for the servicing of my mortgage loan?

A: Midwest Loan Services has specific expertise in the area of mortgage loan servicing which allows us to offer our borrower’s additional benefits and services.  Once the transition occurs, you will have new options for making payments and accessing information about your mortgage account.

Q: Has my mortgage been sold to MLS?

A: MLS will be performing the servicing of the loan, which means they’ll take your payments, pay your taxes and insurance, and handle any questions you may have about your loan. Loans that are serviced by MLS were sold to Fannie Mae or Freddie Mac.
 

Q: How do I contact MLS when I have questions about the servicing of my mortgage loan?

A: You can contact the Midwest Customer Service Center at 1-833-586-9298 from 8 a.m. to 8 p.m. Eastern Standard Time. You can also view your current mortgage statement online 24/7 at www.midwestloanservices.com.

Q:  Can I access my mortgage through the 7 17 website or online banking?
 
A:  You can access the MLS website by visiting www.midwestloanservices.com. There is no direct MLS access inside of NetWorth24 Online Banking or the mobile banking app.
 
Q: Will my mortgage loan number be changing?
 
A: Yes, You will be assigned a Midwest loan number. You will use this number to register for access to your account online. You should always refer to this loan number when contacting Midwest about your loan.
 
Q: Will any of the terms of my mortgage change?
 
A: No, your mortgage will continue to be serviced under the original terms.
 
Q: How will I report interest paid for the tax year?

A: During the first tax year, you will receive two mortgage tax and interest statements (Form 1098) in January; one from 7 17 Credit Union for the time we serviced your loan and one from Midwest from the time they serviced your loan.

Payment Questions

Q: My mortgage is currently being drafted automatically from my checking/savings account. Will this service continue when my loan transfers to Midwest Loan Services?
 
A: If your payment is currently drafted automatically, you will need to set up a new automatic payment with Midwest.  Your prior draft authorization will no longer apply once the loan transfers to Midwest. There are several payment options.  Once you have your deposit account information ready, you may either: 1) contact Midwest Loan Services at 1-833-586-9298 between the hours of 8 am and 8 pm EST to speak to a representative to authorize MLS to draft your recurring ACH payments from your deposit account, 2) call 1-800-262-6574 anytime, 24/7, and choose to schedule your recurring ACH payments using the Integrated Voice Response system, or 3) register for your online account at www.midwestloanservices.com  and schedule your recurring payments online. Simply go to www.midwestloanservices.com  and register. From there, click the Payments link and fill all the required information to submit your payment.
 
Q: Can I still pay my mortgage through a bill pay service?
 
A: Yes, just make sure you contact your bill pay service to update your loan number, payment amount, and payment mailing address to; Midwest Loan Services PO Box 188 Houghton, MI 49931, so that your payment is credited properly.
 
Q: Where do I send my mortgage payment?

A: 7 17 Credit Union c/o Midwest Loan Services
PO Box 188
Houghton, MI 49931-0188
 
Q: Can I continue to make payments at 7 17 branches?
 
A: Yes, you still have the option to make payments at 7 17 branches which will be forwarded to Midwest Loan Services.
 
Q: When will borrowers be able to view their loan information online?
 
A: Loan data on our system syncs with our websites each night so it will take 24 hours after a loan is setup on our system to appear on the web.

Escrow Questions

Q: I have an escrow account; will MLS continue this service when my loan transfers to them?
 
A: Yes, after the transfer, Midwest will pay your taxes and insurance just as we did. In addition, they will analyze your escrow account annually and mail you the results.
 
Q: I don’t currently have an escrow account; can I set one up with Midwest when my loans transfer to them?
 
A: Yes, if you are interested in establishing an escrow account please send your request in writing along with the most recent copies of your real estate tax bills and homeowners insurance declaration pages to the following address:
 
Midwest Loan Services
Attention: Escrow Services
P.O. Box 144
Houghton, MI 49931-0144
 
Upon completion of your request we will notify you in writing of the required escrow deposit and pending monthly payment due.
 
Q: What should I do if I receive a tax or insurance bill but I have an escrow account?
 
A: Forward any bills you receive to the following address. Remember to include your loan number on all correspondence.
 
Midwest Loan Services
Attention: Escrow Services
P.O. Box 144
Houghton, MI 49931

Some 7 17 Credit Union mortgage loans have been sold to Guild Mortgage.  If your 7 17 home loan is now serviced by Guild, you can find information about your loan by contacting them using the options below.

Guild Mortgage Member Service: 1-800-365-4441, Monday – Friday, from 9 a.m. to 8 p.m. Eastern Standard Time.

Guild Mortgage website:  https://www.guildmortgage.com/

Note: 7 17 Credit Union does not accept payments made to Guild Mortgage at 7 17 locations. 

Listed below are your options for loan payments to Guild Mortgage. Please call Guild Member Service or visit their website for more information.

• Online Payment

Register here: http://www.guildmortgage.com/guild-home/my-account/login/

• Automatic Payment
• Phone Payment

1-800-365-4441

• Mailed Payments

Guild Mortgage Company
ATTN:  Cashiering Department
PO Box 85046
San Diego, CA, 92186

• Overnight Payment (courier deliveries: including overnight, two- day, etc.)

Guild Mortgage Company
ATTN:  Cashiering Department
5898 Copley Drive, 4th Floor
San Diego, CA, 92111