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- - Rewards CheckingAvailable to all members; in order to qualify for rewards, you must have your salary deposited at OAS FCU and meet other requirements
  - Overdraft Line of CreditAvailable for all members in the US, and for members who live abroad whose salary is deposited at OAS FCU
- - Share SavingsAvailable to all members, worldwide
  - RoundUp Savings AccountAvailable to all members, worldwide
  - Share CertificatesAvailable to all members, worldwide
  - Savings ClubAvailable for all members who can make monthly deposits
  - Retirement Account (IRA)Available to all members who have salary in the United States. Note that not all members may benefit from the tax exemption on deposits to an IRA account
  - InvestmentsOur investment services are available to all members, worldwide
- - Signature LoanAvailable for all members in the US, and for members who live abroad whose salary is deposited at OAS FCU
  - International Personal LoanFor those that live outside of the US, have been a member of OAS FCU for over one year and have a regular income
  - Green Loan
  - Deposit Secured LoanAvailable to all members who have savings at OAS FCU
  - Post-Secondary Education LoanAvailable for all members in the US, and for members who live abroad whose salary is deposited at OAS FCU
  - Private Student Loan
  - Student Loan RefinancingAvailable for all members in the US, and for members who live abroad whose salary is deposited at OAS FCU
  - Loan Payment Portal\
  - Insurance
- - Vehicle LoanAuto loans for vehicles in the United States only. Members living outside the qualifying areas but whose payroll is deposited at OAS FCU might qualify
  - Vehicle RefinanceRefinancing available for vehicles in the United States only. Members living outside the qualifying areas but whose payroll is deposited at OAS FCU might qualify
  - Auto Equity LoanAvailable for vehicles in the United States only. Members living outside the qualifying areas but whose payroll is deposited at OAS FCU might qualify
  - Auto Buying ServiceAuto loans for vehicles in the United States only. Members living outside the qualifying areas but whose payroll is deposited at OAS FCU might qualify
  - Loan Payment Portal\
  - Insurance
- - Mortgage LoansWe finance properties in certain areas in the United States. Members of OAS FCU who live abroad but have their salaries deposited at OAS FCU may qualify
  - Home Equity Line of Credit
  - Loan Payment Portal\
  - Insurance
- - OAS Retirement & Pension Plan LoanAvailable to all members who participate in the OAS Retirement and Pension Plan
  - IICA Recognition of Years of ServiceAvailable to all members who receive the Fund in Recognition for Years of Service benefit from IICA
  - OAS Benefits LoanAvailable to all members who are OAS Staff
  - Recognition for years of service CAF
  - Loan Payment Portal\
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Join OAS FCU

Mortgages

Mortgages for non-citizens

Diversify your investments with real estate ownership in the United States! It’s easier than you think!

Apply Now

Available in these Regions

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It’s easier than you think

As a foreign non-resident you can finance a real estate purchase in the United States* with OAS FCU’s Balloon 7-year mortgage investment loan. After seven years (the time after which studies indicate most borrowers choose to refinance) you may pay off the loan balance or refinance. Closing costs usually amount to 3% of the purchase price.

Up to 70% financing**
Competitive fixed rate
Mortgage payments calculated using a 20-year amortization schedule
Discount point price of just 1% of the loan price.

How to complete the application Important Information Questions

Interested in purchasing real estate in the United States?

We have flexible mortgage programs available for US citizens, residents, and members living abroad.

Apply Now

Home Equity Loan

Our Home Equity Loans have generous repayment terms up to 30 years, and absolutely no prepayment penalties.

Home Equity Line of Credit

A Home Equity Line of Credit (sometimes called a HELOC) is the loan that has it all.

Home Advantage Program

Use any agent from the HomeAdvantage network to buy or sell your home in the United States and receive a cash rebate of 20% of the agent’s commission. Simply enroll in this free program and have access to all the tools and expertise you’ll need.

FAQs

CUMA, the Credit Union Mortgage Association, is the partner we choose to provide the processing, underwriting and servicing for our mortgage programs.

Private Mortgage Insurance (PMI) is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making payments on your home loan.

Every situation is different, and based on our membership diversity, we have implemented different programs and procedures to include all. For us, credit score is only one of the factors that we evaluate in order to pre-approve a loan. To find out if you qualify, send us an email to: [email protected]

Closing costs will vary, but they're typically 3% to 5% of the purchase price. We'll be able to give you a more accurate estimate of closing costs after you tell us more about the loan you're looking for.

A pre-approval letter indicates how much you can get approved for and what your interest rate will be. Once you’re pre-approved, we’ll create a pre-approval letter that you can download and print.

Yes, we offer different alternatives to a traditional down payment. To find out more email us at: [email protected]

Your Mortgage rate is determined based on a variety of factors, including inflation, the pace of economic growth, and US Federal Reserve policy.

With a fixed-rate mortgage loan, your rate won't change and your monthly principal and interest payments will stay the same over the life of your loan. With an adjustable rate mortgage loan, your rate is fixed for the first 3, 5, 7 or 10 years (depending on your term) and will adjust every 12 months based on current market rates.

We offer different types of programs and terms to fit both new purchases and refinancing needs, but since we understand the different profiles and lifestyles, we recommend that you speak with one of our loan officials to see what's right for you ([email protected]). Once they know more about you and what you're looking for, they'll help you understand all the options and guide you to get started.

Important information about our Mortgages

OAS FCU dos not lend on:

Mobile homes

Co-ops or time-shares

Properties that are currently listed on the market for sale (except special Bridge Loans)

Commercial property or property used for commercial purposes, even if a residence is part of the property

Undeveloped property (land only)

Properties with more than 4 units

Properties that are currently under major construction/renovations. Property must be fully livable, with no safety issues. (Examples: no missing rails from stairs/decks, no open walls with wires showing, missing kitchen appliances/counters, missing bath fixtures or unfinished pool).

Adjustable Rate Mortgages available for purchases and refinances.

Conforming Mortgages: For loan amounts from $65,000 to $822,375. Loans above that limit are considered Jumbo Loans, and are also available; you can obtain specific information with our Lending Department.

Loans with a LTV of 80% or greater may be subject to private mortgage insurance (PMI). The LTV and CLTV limits may vary depending on the property type, loan program and occupancy.

The applicant is responsible for the following fees and costs at the time of closing, unless a pre-stated promotion is in place:

Application fee: None

Advance origination charge: an advance of $500 is required, which will later be applied to the closing costs if your loan closes with OAS FCU

Credit report: $26.20

Placement fees or points: 1 point (1.25 points for investment properties)

Collection charges: As allowed by law

Late charges: 4% of payment due if over fifteen (15) days late

Escrows are required on certain transactions, and additional reserve requirements may apply.

Escrows are required on certain transactions, and additional reserve requirements may apply.

If you withdraw an application that was locked, we will not reimburse the advance origination charge.

OAS FCU does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

How to complete the application

When you fill out the application, if you don’t have a Social Security Number or iTIN, please enter 100-01-XXXX in the field for your SSN/TIN.

As address, please use the address of a relative in the United States.

Once you’ve completed and sent your application, please submit the following documents via an encrypted message [HYPERLINK] or through the Online/Mobile Banking[HYPERLINK] platform’s messaging system:

· Copy of your passport

· Copy of your visa in the United States, if you hold one

· A letter from your employer indicating your starting date and yearly salary.

· Your last two statements from the financial institution where you keep the down payment funds that you will use on this transaction.

Important: if your loan is approved, you will be required to request (and send proof of your application) a US taxpayer identification number (TIN) from the IRS.

Leaving Our Website

You are leaving OAS FCU’s website and linking to an alternate website not operated by the credit union. OAS FCU is not responsible for the content of the alternate website and does not represent either the third party or the member if the two enter into a transaction. The privacy practices of the alternate site may differ from those practiced by the credit union. You should review the privacy policy of any site before providing any information.