Flexible, affordable financing

Buying a home is one of the biggest and most important investments you'll ever make. It can also be stressful.

We're committed to helping you save money without stress and will do our best to make sure everything goes as smoothly as possible for you during the loan process. Below are reasons why we were a Finalist for Best Mortgage in St. Louis this year in St. Louis Magazine's A-List Readers' Choice Awards competition.

Low down payment program

At Century, you can put down as little as 5% of the home's cost, enabling you to get into your new home sooner than you think!

Other lenders typically require 20% down or more and charge expensive Private Mortgage Insurance (PMI) if you don't, ranging from 0.5% to 2% of the total outstanding amount. On a $200,000 home, for example, that's $1,000 to $4,000 out of your pocket per year.

At Century, we don't charge PMI, and we'll always offer you the lowest down payment possible.

More reasons to turn to Century for your financing:

• Choose between a 10-, 15-, 20- or 30-year fixed term for stability and predictability with your monthly payments
• Get a low fixed rate, leading to lower monthly payments and less overall interest you'll pay
• Pay low closing costs -- and no origination fee for a limited time, a savings of at least $500 for you! That's our normal flat fee (waived through Nov. 30, 2025). Others mortgage lenders typically take more out of your pocket by charging a percentage (0.5% to 1%) of the loan amount. On a $200,000 home, for example, that's $1,000 to $2,000!
• Receive expert guidance every step of the way, ensuring you understand your options and make informed decisions. Personalized service is provided by our mortgage loan specialists who work closely with you to select the rate, down payment, and term that meets your financial goals.

Get preapproved

One of the biggest mortgage mistakes you can make is to not get preapproved. While it's not required, it's highly recommmended.

A preapproval application can be done with us over the phone while you shop for your perfect home. We can provide you with a letter for the realtor to use while you're looking. This is typically a first step in the homebuying process. It gives you and your real-estate agent a good idea of how much house you can afford and the type of mortgage loan you'll likely qualify for, while also letting sellers know you're a serious buyer.

Local decisions

Conventional mortgage loans that we offer are ideal for those who want to buy a new home and are able to meet the income and credit requirements.

At Century, all decisions are made locally and generally based on the borrower's monthly income, length of time on the job or in the same field of work, credit score, and debt-to-income ratio. The interest rate is determined by your credit score and down payment percentage, and it's locked once you've completed a mortgage packet and submitted a copy of the contract to us.

All loans kept at Century

All mortgage loans that Century originates are kept on the credit union's books and serviced in-house rather than being sold to secondary market lenders. We feel it's part of our service to the community to hold onto our members' home mortgages. When a lender "sells" your mortgage, it usually means that the servicing of it has transferred to a new company, which means you'll be sending your monthly payments to that new company

Century finances owner-occupied, primary-residence homes and condos in Missouri and Illinois. Tax and escrows are optional. Total closing costs with the credit union are approximately $1,100; the title company charges separate fees of approximately $1,200. Century doesn't finance land or make FHA, VA, or USDA loans. You can pay off your loan balance early, with no penalties.

If you currently have a mortgage through another lender, look into refinancing it with Century. We may be able to save you money.

For current rates and more information, call 314.544.1818.

NMLS numbers

Century Credit Union's NMLS# is #445370. Below is a current list of our loan originators who are registered with the Nationwide Multistate Licensing System (NMLS).

- Nancy Perkins NMLS #2128314

- Joshua Wallace NMLS #1144315

- Pamela Moser NMLS #2419142

- Nicole Wade NMLS #2548922

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   NMLS #445370