Commercial 1st Mortgage

Our Commercial 1st Mortgage Loan product has competitive rates for commercial real estate purchases or refinances.

  • Fixed rate financing available 1st mortgage lien holder positions necessary
  • 1st mortgage lien holder position necessary
  • Maximum loan to value (LTV) is 75%
  • Rates are based on market pricing
  • Loan processing and documentation fees apply (appraisal, recording fees, title work, etc.)
  • Origination fee
  • No penalties for early payoff
  • Maximum amortization of 30 years with a 5-year or 7-year balloon
  • Real estate must be located in Idaho

What if I don’t want a balloon payment?

Actually, although a balloon payment may seem inconvenient, at the time of the balloon your information is updated and the note may be rewritten.

Why should I choose a Commercial 1st Mortgage with Les Bois FCU?

The rate and closing costs for our Commercial Real Estate loans are very competitive within the market place.