From your first home to a jumbo loan, we have you covered
It’s probably the biggest purchase you’ll ever make, so you want to get home buying right. Service Credit Union can help you get a mortgage that’s suited for your unique needs. First-time homebuyer? We offer a program called Home Loan Payment Relief (HLPR) that features low down payments and below-market interest rates. Buying a fixer-upper? You can roll financing for the home and the renovation into one convenient loan. We’re also an approved lender for USDA and VA loans and can even get you into mortgages with no down payment.
First-Time Home Buyer
Buying your first home is a big step, but our loan experts have been there. They can help you determine how much house you can afford, and if you qualify for one of our zero-down loans with no private mortgage insurance. You might also be eligible for a Home Loan Payment Relief (HLPR) loan at below-market interest rates—including a $1,000 rebate on your closing costs—or a USDA rural development loan.
Jumbo mortgages are larger than the U.S. government will insure through Fannie Mae, so they typically carry higher interest rates. But we keep our jumbo rates competitive. The 2019 jumbo threshold is $484,350 in most locations, and we can help you find the right loan for you needs.
Veterans Affairs Home Loans are government-backed mortgages to help active or retired military members buy or refinance a primary residence. Their big advantage is low or no down payments. Another advantage of a VA Loan compared to a conventional loan is that there is no monthly mortgage insurance.
Home Construction Loans
We offer a single-close construction loan that allows you to purchase land and construct your home all with one loan. The construction loan offers an interest-only payment for a certain amount of time during the construction of the home.
Meet Our Team of Mortgage Specialists
Related Lending Blog Posts
Is a new home in your near future? Simplify the application process and save yourself the stress of worrying about…
Getting prequalified is a simple way to start the mortgage conversation. So, you’ve made up your mind; it’s time. Whether…