Many of our members either own their home or are looking to make the switch from being renters to being homeowners. For some, they are looking to have a place to call their own and to build equity over the years. For others, the peace of mind that comes from not having to worry about rising rents is the primary selling point. There are also important tax benefits that lead some renters to buy their own home.
Seattle Credit Union has programs to fit any mortgage borrower. Ask us about our Home Possible® loans, which were specially designed to help folks with smaller down payments or lower income realize their dream of owning a home.
With a Home Possible Advantage® mortgage, you can buy a home with a lower down payment. You may also have reduced mortgage insurance requirements compared to traditional mortgages. You may be able to qualify for a Home Possible loan even if your credit has prevented you from qualifying in the past.
Homeownership has been a part of the American dream for a long time. If you or someone you know is ready to start setting down roots and want to know what the next steps are, now is a great time to call one of the mortgage pros at Seattle Credit Union. We have knowledgeable mortgage experts who can help you determine how much home you can afford and can get you pre-approved, so you and your real estate agent can be ready to make an offer when your dream home comes along.
If you already own your home, you may be able to take advantage of our Home Possible Advantage program for no-cash refinancing. Talk to one of our mortgage experts by calling 206.398.5888 or using the contact form to learn more. To qualify for a Home Possible Advantage loan, you may not have owned property in the last three years, unless you are refinancing your primary residence, and your income must be equal to or less than the median income for the area the property you are buying is in unless the property is in a designated underserved area. The property must be your primary residence. First-time homebuyers may be required to pass an approved homeowner education curriculum prior to the final funding of the loan.