Founded in 1933, Landmark Credit Union serves members who live or work within a specific group of counties in Wisconsin and Illinois. It offers a variety of financial services and products, including fixed- and adjustable-rate mortgages, jumbo home loans, options for first-time homebuyers, and much more. Landmark mortgage rates are available online, which can help immensely in the first stages of the mortgage process.
Landmark’s headquarters in New Berlin, Wisconsin, is accredited by the Better Business Bureau and maintains an A+ rating. However, the 12 customer reviews carry an average rating of 1/5 stars, with some reviews referring to issues with customer service and support for loans.
Table of Contents
- About Landmark Credit Union
- Current Landmark Credit Union Rates
- Landmark Credit Union Mortgage Options
- Landmark Credit Union Customer Service
- Landmark Credit Union Grades
- Landmark Credit Union Mortgage Qualifications
- Landmark Credit Union Phone Number and Additional Details
- The Bottom Line – Landmark Credit Union Mortgage Review
About Landmark Credit Union
Landmark Credit Union has a long, established history in the greater Milwaukee region. It has existed since 1933 as a company-specific credit union and has served all area residents for more than 25 years.
Although geographically limited in reach, the credit union offers a number of different home loan products and a variety of valuable information on its website, from online loan applications to resources detailing the mortgage process. It also readily shares Landmark Credit Union mortgage rates.
By providing a number of different loan options, Landmark makes its services useful to a wide range of individuals interested in buying a home. Rates can be easily compared to those offered by other lenders, and contact with the credit union is possible over the phone and in person six days a week.
Potential members should be mindful of a handful of complaints made to the Better Business Bureau about specific interactions with the credit union. However, the low overall number of complaints and high BBB rating for its headquarters and all listed branches is a strong endorsement of Landmark’s business practices.
Current Landmark Credit Union Rates
Landmark Credit Union Mortgage Options
Landmark Credit Union members have a variety of products to choose from when exploring home loan options. Qualifying for a home loan is a vital part of this process, and the range of home loans available from Landmark can help first-time buyers and many others find a choice that aligns with their credit score, available funds, and other specific details.
Fixed-Rate Mortgages
This traditional mortgage option offers consistency through an interest rate that doesn’t change from month to month or year to year. Homeowners can count on the monthly cost of their mortgage payment remaining the same over the course of the loan, except for fluctuations due to changes in insurance and property tax costs.
Fixed-rate mortgages are a strong choice for those who plan to remain in their current residences for a long time or have a relatively consistent income. Landmark offers terms of 10, 15, 20, and 30 years
Adjustable-Rate Mortgages
An adjustable-rate mortgage is less costly than a fixed-rate loan at the onset but can vary considerably in the long term as it changes with market fluctuations. ARMs are useful for those who anticipate a significant long-term increase in income, plan to move within 5-10 years, or expect to pay off their loan within 10 years. Landmark offers ARMs with terms of one, three, five, and seven years.
Jumbo Mortgages
A jumbo home loan goes beyond the financing limits imposed by conforming loans, which have a top baseline value of $766,550 in 2024. In instances where the value of the home you wish to buy exceeds the conventional borrowing limit, a jumbo loan makes financing possible.
FHA Loans
An FHA loan helps first-time homebuyers meet the requirements for a home loan, expanding their opportunities by lowering down payments to as little as 3.5 percent instead of the industry-standard 20 percent. Additionally, FHA loans offer more flexible qualification requirements and lower closing costs.
While FHA loans are frequently referred to as being exclusively for first-time homebuyers, those who have owned a home in the past can still secure this type of mortgage as long as they meet certain qualifications. These include having a consistent employment history and waiting periods following bankruptcies and foreclosures.
VA Loans
Loans from the Department of Veterans Affairs extend favorable terms and conditions to active-duty service members, veterans, and qualifying surviving spouses who want to purchase a home. Low interest rates are one major benefit, as are down payments significantly lower than the standard 20 percent.
Although the number of people who can qualify is limited, the attractive options offered by this loan shouldn’t be overlooked by current and former members of the active armed forces and reserves, National Guard, and qualifying surviving spouses.
Landmark Credit Union Mortgage Options Overview
| Mortgage Option | Description | Terms |
|---|---|---|
| Fixed-Rate Mortgages | Stable Monthly Payments With Fixed Rates Ideal for Long-Term Homeowners | 10, 15, 20, 30 Years |
| Adjustable-Rate Mortgages (ARMs) | Lower Initial Costs, Variable Rates for Short-Term Ownership or Income Growth | 1, 3, 5, 7 Years |
| Jumbo Mortgages | Financing for Homes Exceeding Standard Limits, Requires Strong Credit | 3, 5, 7-Year Jumbo ARMs |
| FHA Loans | Support for First-Time Buyers, Low 3.5% Down Payments, Flexible Qualifications | N/A |
| VA Loans | Favorable Terms for Military Members, Low Rates, Reduced Down Payments | N/A |
Landmark Credit Union Customer Service
Landmark provides its members with the opportunity to find current rates for specific mortgage products online, in person, or over the phone. Loan rates are available at a glance on the loan rates and disclosures page. The mortgage page of the Landmark website provides additional resources regarding the homebuying process, from information for first-time homebuyers to those looking to refinance a current loan.
Due in large part to its geographically limited area of operation, Landmark does not appear on the J.D. Power Primary Mortgage Originator rankings list nor the Consumer Financial Protection Bureau’s list of mortgage companies with the highest number of customer complaints.
Landmark does not display an average time to close for loans on its website, but applicants should keep in mind Sallie Mae’s 44-day national average to close when considering this lender.
Landmark Credit Union Grades
Landmark is a credit union that offers banking services and a variety of loans to individuals who live or work within a specific group of counties in Illinois and Wisconsin.
Founded in 1933 and taking the name Landmark Credit Union in 1985, this lender has a Nationwide Multistate Licensing System ID number of 401043. Neither the CFPB nor the NMLS has taken any recorded enforcement actions against Landmark. The company is ensured by the National Credit Union Administration and is an Equal Housing Lender.
Both Landmark headquarters, as well as its listed branches, are all accredited by the Better Business Bureau and have an A+ rating. However, the headquarters has 12 complaints filed against it, with many referencing issues with customer service, support, and payment processing. Landmark has not addressed these complaints.
Landmark Credit Union Mortgage Qualifications
Landmark Credit Union provides a loan consultant wizard that can help individuals determine the best loan for their individual situation but does not explicitly publish qualifying information on its website. A credit score is one of, although not the only, element considered when applying for a home loan and has a major impact on the rates and terms offered.
Knowing your credit score and how it falls into the following table of classifications will help you become more informed as you seek a loan. Remember that the type of loan requested, its value, and many other factors will also figure into the decision.
| Credit Score | Category | Likelihood of Approval |
|---|---|---|
| 760 or higher | Excellent | Very likely |
| 700-759 | Good | Likely |
| 621-699 | Fair | Somewhat likely |
| 0-620 | Poor | Somewhat unlikely |
| None | N/A | Unlikely |
Landmark Credit Union Phone Number and Additional Details
- Homepage URL: https://www.landmarkcu.com/
- Company Phone: 800-871-2110
- Headquarters address: PO Box 510870 New Berlin, WI 53151-0870
The Bottom Line – Landmark Credit Union Mortgage Review
After delving into Landmark Credit Union’s mortgage offerings, it’s clear that the institution, with its rich history since 1933, offers a diverse range of home loan products tailored to meet the unique needs of its members.
While they maintain a commendable A+ rating with the BBB, prospective clients should also consider the complaints related to customer service. Landmark’s online resources, coupled with their transparent rate structures, empower homebuyers to make informed decisions.
Given its longstanding presence and commitment to serving its community, Landmark Credit Union remains a viable option for those within its geographical scope.
How We Review Mortgage Lenders:
Good Financial Cents evaluates U.S. mortgage lenders with a focus on loan offerings, customer service, and overall trustworthiness. We strive to provide a balanced and detailed perspective for potential borrowers. We prioritize editorial transparency in all our reviews.
By obtaining data directly from lenders and carefully reviewing loan terms and conditions, we ensure a comprehensive assessment. Our research, combined with real-world feedback, shapes our evaluation process. Lenders are then rated on various factors, culminating in a star rating from one to five.
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Product Name: Landmark Credit Union Mortgage Product Description: Landmark Credit Union Mortgage offers a range of home loan products tailored for residents of specific counties in Wisconsin and Illinois. Established in 1933, the institution provides both fixed and adjustable-rate mortgages, catering to first-time homebuyers and seasoned investors alike. Summary Landmark Credit Union Mortgage has been serving the communities of Wisconsin and Illinois for almost a century. With its deep-rooted history, Landmark provides various mortgage options, including fixed-rate mortgages for consistent monthly payments and adjustable-rate mortgages for those seeking initial lower rates. The institution’s commitment to transparency is evident, with readily available mortgage rates online and a robust customer service system accessible both online and offline. They not only cater to the general homebuyer but also offer specialized options such as jumbo home loans and products designed for first-time purchasers. Pros Cons
Landmark Credit Union Mortgage Review
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