NEW BERLIN, Wis. – Landmark CU is offering members a new 40-year, fixed rate home loan as a way to address the increasingly larger downpayments required as a result of rising home values and to reduce members' monthly loan payments. The new 40-year fixed rate home loan has no income or purchase price limits. A minimum downpayment of 5% is required. Landmark President/CEO Ron Kase said the new loan makes home ownership available for more people, "which is Landmark's goal." The fact that the rate remains fixed through the entire 40 years is an advantage over an adjustable loan, the CU stated, since buyers don't have to be concerned that their payment will go up every year. Along with its new 40-year fixed rate home loan, Landmark is also offering its First-Time Home Buyer Program designed for members who have not owned a home in the last three years. Under the program, all fees are waived, saving the buyer from paying for a title policy, credit report, appraisal, filing fees and flood plain certificate. Landmark will pay the fees instead.