If you’re reading this article, congratulations! You’ve worked hard and put your focus on savings so that you could purchase your first or a brand-new home. However, while you may have secured a down payment, that’s just the start. In fact, very few people can pay outright for their homes, which is why qualifying for a home loan is the next common step.
But are you ready to take that next step? If you’re searching for Willamette mortgage services, you must first make sure that you have your finances in order. While it’s ideal to save a minimum of 20 percent of the total cost for your down payment, you may only need to put down as little as 3.5 percent for an FHA loan. And, in addition to this, you’ll want to show proof of income, good credit scores, any credit card or student loan balances and on-time payment history, bank statements, tax returns, and more.
While it’s perfectly acceptable and even encouraged to seek out information on Willamette mortgage services before all these items are in order, you won’t be ready to begin the pre-approval process before organizing these documents.
If everything is ready, then you’re on the right track and should begin to research the best home loan servicer for you. While many people are used to turning to their national bank branch, don’t forget about your neighborhood credit union. In fact, it’s often member-owned non-profits that offer the best customer service and lowest interest rates.
One such credit union that caters to locals searching for Willamette mortgage services is Central Willamette Credit Union. While there are many competitive options to select from, here are five reasons to go with CWCU:
1. We’re Financial Advocates
Financial services include so much more than guiding someone through the pre-approval process and helping them apply for the right home loan. It’s fighting alongside as they forge ahead into the future. And the staff at our branches are people just like you. We grew up in the Valley and are also raising our families here. We’re committed to the community and want our neighbors and neighborhoods to thrive.
When you choose to take your Willamette mortgage services to Central Willamette Credit Union, you are connecting one-on-one with someone who values your goals and who will do everything to help you reach them.
2. Competitive Home Loan Interest Rates
As a member of our credit union, you’re eligible for our competitive mortgage interest rates. They do vary, so we suggest you give us a call to discover the most current rates available, but also check out our online mortgage payment calculator. Plug in different scenarios and compare terms, rates, and down payment options to find the plan that best fits your goals.
Or, if you would prefer to connect with one of our advocates and walk through your options together, just come on down to the branch nearest you and talk to one of our home loan specialists. Can’t wait to get started? Send us an email right now.
3. We Offer More Than Just Home Loans
While we offer traditional home loans for those looking to buy a home, our lending services are far-reaching, and that’s just the tip of what we can provide.
If you already own a home, would you prefer to stay put and take on a renovation project instead? Tap into your home equity and secure a home equity loan or home equity line of credit (HELOC).
These Willamette mortgage services provide flexible borrowing power, and you can borrow up to 80 percent on the value of your home. Reach out to learn more about the competitive fixed and variable interest rates you can expect with these loans.
4. We Provide the Same Services as Any Other Large Financial Institution
When people who are unfamiliar with credit unions think about us, they might incorrectly believe that they won’t find all the same financial offerings and services that are provided at traditional banks. We’re here to dispel that myth once and for all.
Yes, we can provide you with the home loan you seek, but we also have checking accounts with rewards, high-interest savings accounts, auto loans, credit cards, small business loans, retail lending, and more. And our services extend for all members of your family, as we offer starter accounts for kids and teens as well.
At Central Willamette Credit Union, you’ll receive all the same financial offerings, and they’ll be provided by local financial advocates who are invested in the community.
5. CWCU is a Best-in-State Credit Union
Forbes, known for its competitive ranking system in a variety of categories, released its 2019 Best-in-State Credit Union list, and Central Willamette Credit Union emerged as #2 in Oregon. To put this in perspective, there are 5,000 credit unions with 117 million members in Oregon, and just 5 made the list.
To compile the list, 25,000 members ranked Oregon credit unions on trustworthiness, digital services, financial advice, branch services, and overall satisfaction. It’s an honor to continually provide exceptional services and service to our members, and we hope you become one too.
Deciding upon a mortgage servicer is not a simple task, and we encourage you to seek out and compare multiple institutions to find the best fit. Our financial advocates are ready to assist as soon as you say the word. Don’t hesitate to reach out, no matter where you are on the home buying journey. Let’s make a plan together so you can reach your goals sooner.
Stop by a branch at any time. We have three in Albany and additional locations in Salem, Lebanon, and Corvallis. Anyone who lives or works in Linn, Benton, Marion, or Polk county is eligible to join.