SUMMARY: If you're considering buying a home, it's important to understand why the Credit Union is the right mortgage fit. With a variety of loan options available, keep us in mind when you're ready to take advantage of the benefits of home ownership.

Buying a home is one of the biggest decisions you make. Whether you're in the market for your first home or the home of your dreams, the Credit Union's expert loan specialists are here to make the process simple and easy.

Finding the home that fits your needs
We offer a variety of home loan options, depending on the property you plan to finance:

• Conventional and Jumbo Loans: We offer traditional fixed-rate or adjustable-rate loans. If your home exceeds the conventional loan limit of $806,500, you can also take advantage of our special jumbo loan pricing. Updated 12/13/2024.
• First-Time Home Buyer: Receive a special discounted ARM or fixed-rate loan and low down payment options. This is perfect for members who've never owned a home or haven’t owned in the last three years.
• Streamline and Cash-Out Refinances: A refinance may help you lower your monthly payment and even shorten the term of your loan. If you need cash, use the equity in your home for renovations or high-interest debt consolidation.
• Investment Properties and Second Homes: Take advantage of competitive rates if you're in the market for a residential investment property or looking for a second/vacation home.

Staying agile in a shifting market

It’s no secret that the current rate environment is all over the place. However, our Rate Modification can give you peace of mind during this uncertain time. Once you have a mortgage with us, we'll be able to change your interest rate for a low fee when rates fall. If you'd like to switch to a fixed rate, the fee is 1% of your outstanding balance. If you'd like to switch to an ARM rate, the fee is 0.5% of your outstanding balance. To get the process started, talk to a loan specialist today.

The benefits of a Credit Union mortgage

• Fast pre-approvals and free 60-day rate locks¹
• Low closing costs and no prepayment penalties
• In-house servicing by the Credit Union
• Convenient online payment options
• A cash rebate up to $3,000² for the purchase and/or sale of your home with our complimentary Members on the Move program
• A $750 cash-back bonus or a 75,000 Connection Point™ reward

Four reasons to own your own home

1. Equity: Money paid for rent is money you'll never see again. But mortgage payments allow you to build equity ownership interest in your home. Equity is a ready-made savings plan, and you can easily access that equity with a cash-out refinance or HELOC (Home Equity Line of Credit).
2. Predictability: Unlike rent, your mortgage payments don’t go up over the years, so your housing cost may decline as you own the home longer. However, keep in mind that compared to when you rent, the cost of insurance and property taxes are more important and will rise over time.
3. Freedom: The home is yours. You can decorate it any way you want, and you're able to benefit from your investment if you own it.
4. Stability: Remaining in one neighborhood for several years gives you a chance to participate in community activities. It also allows you and your family to establish lasting friendships and relationships, and provides your children the benefit of educational continuity.

¹ We offer a free 60-day rate lock on both purchase and refinance transactions and a free 90-day rate lock on construction-to-perm loans. All rate locks are valid for up to 60 or up to 90 days respectively from the date the Rate Lock Agreement is signed. Certain terms and restrictions apply. Contact a mortgage loan officer for full details.

² The cash back bonus is offered in most states. In some states, a gift card or commission reduction at closing may be provided in lieu of the cash back bonus. The program is only available for home purchase/ sale in the contiguous US, Alaska and Hawaii with the exception of Iowa. The program is not available for employer-sponsored relocations. The cash back bonus is not available in Alaska and Oklahoma. In Kansas and Tennessee, a MAX MasterCard® gift card will be issued. In Mississippi, New Jersey, and Oregon, a commission reduction may be available at closing. The cash back bonus is only available with the purchase and/or sale of your home through the use of a program-introduced real estate agent. The actual amount you receive is based on the purchase and/or sale price of your home. Customers are not required to receive financing from a particular lender in order to receive benefits of this program. The program award is not available in certain transactions with restricted or reduced agent commissions (including many new construction, For Sale by Owner, For Sale by iBuyer transactions or where a minimum transaction side commission is not paid). Your assigned agent or a real estate coordinator can help you identify any transactions where the award would not be available. All real estate commissions are negotiable. This is not a solicitation if you are already represented by a real estate broker. Please check with a program coordinator for details. Program terms and conditions are subject to change at any time without notice. Additional terms, conditions, and restrictions apply.

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