When your members are financing a home it’s important that your credit union offers all the options members could need. The more home loan products available, the higher possibility to not only ensure a closed loan, but it allows you to truly be able to provide the best product possible for your members’ financial situation. A […]
Understanding FHA Home Loans
FHA loans are providing new opportunities to potential homeowners across the country. With great flexibility, FHA is making homeownership happen. What is FHA and why you want to consider an FHA home loan? The Federal Housing Administration, generally known as “FHA”, is the largest government insurer of mortgages in the world. A part of the […]
Let’s Talk Products: Fannie Mae’s HomeReady®
Fannie Mae has been a fantastic resource for many years in sustaining homeownership. Back in 2001 they launched the MyCommunityMortgage® program to better serve borrowers in need of an affordable lending product, and in 2015 they revisited the product and replaced it with HomeReady® to better fit the needs of borrowers for the new era. […]
Offering VA Home Loans Through Your Credit Union
If you provide VA home loans, you know what a valuable product it is to provide to your members. Its special terms are reason enough to entice borrowers, but for credit unions offering this product it’s more than just more loans for the books. It’s a way to provide for the men and women that have […]