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Cloverbelt Credit Union


Welcome Home to CCU!

Cloverbelt Credit Union offers a number of mortgage products to suit your needs. Our team of mortgage specialists will provide the expertise needed to find the home loan that's just right for you. In fact, you can meet with one of them before you start looking for a home to find out just how much house you can afford.

Mortgage - We have a variety of fixed and adjustable rate loan terms and payment options available to suit your budget.  
Welcome Home Mortgage - For borrowers who don't currently own their primary residence. Fixed terms up to 30 years and lower down payment options available based on term. 

2nd Mortgage - Use the equity in your home for any purpose
  • Home improvements
  • Buying a car
  • Truck or vehicle rental
  • Taking a vacation
  • Debt consolidation 
  • You name it!
Land Purchase - Fine the perfect location for building a house or acquire acreage for hunting or camping
Construction Loan - Interested in building the ideal house to fit the needs of your family? A construction loan gives you access to a predetermined maximum loan amount to pay contractors as work is completed. While construction is progressing, you may pay monthly interest-only payments on the amount that has been advanced. After construction is complete, the loan can be converted into a conventional mortgage with a regular monthly payment.
Home Equity Line of Credit (HELOC) - A line-of-credit secured by the equity in your home. A new Home Equity Line of Credit product is currently 'under construction'! Watch this page for details or contact our mortgage department for more information. 
Business Real Estate - Finance the purchase of single or multi-family rental property as well as commercial property.

Mortgage rates depend on credit score, property type, equity (down payment), transaction type, and bond market fluctuation.  Because of the number of factors involved, Cloverbelt Credit Union helps our members select the best mortgage solution for their specific need.

We have fixed rate loans, ARM loans and balloon financing with terms up to 30 years.  From new construction to purchasing, refinancing to home equity loans and everything in between  Cloverbelt Credit Union has the right option for you.

Please contact a Mortgage Specialist for a custom rate quote that is tailored to your needs.  We also have loan programs available for vacant land, commercial and investment property financing.

Contact Jeff, Monica or Kimberly For Your Home Loan Needs!

Jeff Frolik
Jeff Frolik - NMLS#466652 
Phone: (715) 842-6351
Monica Bogen
Monica Bogen - NMLS#1650422
Phone: (715) 842-6368
Kimberly Hartleben
Kimberly Hartleben - NMLS#2122542
Phone: (715) 842-6349

1st Mortgage Rate APR Term
per $1000 Borrowed
5 Year Fixed Rate 6.000 6.207 60 $19.33
10 Year Fixed Rate 6.250
6.360 120 $11.23
15 Year Fixed Rate 6.500 6.579 180 $8.71
3/1 ARM 6.250 7.308 360 $6.16
5/1 ARM 6.500 7.215 360 $6.32
10/1 ARM 6.750 7.086 360 $6.49
2nd Mortgage and Home Equity

5 Year Fixed Rate 7.000 7.208 60 $19.80
10 Year Fixed Rate 7.500 7.613 120 $11.87
15 Year Fixed Rate 8.000 8.082 180 $9.56
Construction 6.000 13.120 12 Variable
(interest only)
Vacant Land

10 Year Fixed 6.750 6.861 120 $11.48
10 Year Balloon/15 Year Term 7.000 7.087 180 $8.99
10 Year Balloon/20 Year Term 7.250 7.330 240 $7.90
10 Year Balloon/30 Year Term 7.500 7.574 360 $6.99
Mortgage rates shown here are the lowest rates available. Borrower must qualify for Cloverbelt Credit Union membership, and all loan applications are subject to credit approval. Your rate may vary and is based on the property type, loan type, term, your credit score, the loan-to-value ratio, and other variables. The rates and monthly payments are per $1,000 borrowed using a single-family primary residence as collateral, with a maximum 80% loan-to-value ratio. For fixed rate loans, the rate shown is for the life of the loan. For ARM loans, the rate/APR shown is effective 8/31/2023 and applies to the initial term. After that period, the loan will adjust to the then-current fully indexed rate. Rates and terms are also available for 20 and 30-year fixed rate home loans on the secondary market, as well as in-house and secondary market investment property and commercial property loans. Please contact a Mortgage Specialist at 715-843-4663 or for a custom quote that’s tailored to your needs. 
NMLS Institution ID #456101