Mortgage Loans from a Credit Union
At BHCU, we want to make it easy for our members to obtain a loan that will best fit their financial needs. Our team of experts will assist whenever and wherever it is needed to make becoming a homeowner an achievable and realistic goal. BHCU makes your goal of becoming a homeowner achievable by offering a new 5/5 ARM, lower fixed mortgage rates, adjustable mortgage rate loans, a first-time homebuyer program, special purchase programs, and the ability to make payments directly from your BHCU account. Our first-time homebuyer program allows you to put as little as 3% down on your payment.
Reasons to Consider a Mortgage Loan from a Credit Union
Buying a home can be an exciting but difficult experience. As exciting as it will be to purchase your new home, it can be difficult to find a mortgage loan that best fits your budget. There are multiple reasons why to consider a credit union mortgage loan which will be discussed below.
Credit unions offer competitive rates. Since they are not-for-profit, they can offer members lower interest rates on loans. The interest rates on deposits are the opposite, so they are typically higher on average. Credit unions can offer these competitive rates because they are exempt from paying federal taxes.
Since credit unions prioritize their members, they offer more flexible qualification options. Credit unions want to help their members find an option that works best for them and their needs. If you are already a credit union member, you may be preapproved for a mortgage already!
Options for First-Time Home Owners
It can often be challenging for first-time homebuyers to get approved for a mortgage loan or come up with a down payment. Credit unions have special programs designed to help first-time homebuyers achieve their goal of buying a home. BHCU has a program that allows first-time buyers to put down as little as 3% for their down payment.
A Personalized Service Experience
Credit unions guarantee attentive and experienced service since they focus on you rather than a profit. While a large banking institution may just inform you that your credit score is too low and disapprove of your loan, a credit union will explain your credit score to you and make recommendations on how to improve your credit score.
Locally Serviced and Based
Since credit unions are locally based and serviced, they are familiar with your area and its market. This helps to receive a credit union mortgage more easily since they are familiar with the market and area that you are buying in.
Why Choose BHCU for a Mortgage?
As discussed above, there are many advantages to receiving a mortgage loan from a credit union. If you are wondering where to get a mortgage loan, BHCU can help you. BHCU is committed to helping its members obtain their loans and their goals of becoming a homeowner. BHCU wants to make it easy and convenient for you to apply and get approved for your loan. You can learn more about receiving a mortgage loan by visiting our website or you contact us with any questions or concerns by calling 610-595-2929. We look forward to helping you achieve your goals!