2020 has been an out of the ordinary year in many ways thus far, but there are plenty of opportunities to turn it into a year of good things. Summer and sunshine are upon us and despite the impact that COVID-19 has had on work, school and social life, everyone is doing their best to continue moving forward. This includes many people taking the exciting step to purchase a home. We may be halfway through 2020, but there's still plenty of time to make your goal of home ownership a reality and UHCU is ready to help you achieve that in the easiest way possible!
Housing markets have remained strong and there are mortgage opportunities for all types of buyers. Here at UHCU, we are always working to provide the best service and financial tools to our members. We're proud to say that we're expanding our mortgage services and our members know they can count on our personalized service. In addition to our classic conventional mortgage options, we are also offering features such as:
- As little as 3% down*
- No PMI (Private Mortgage Insurance)** – This is usually required if putting less than 20% down on a home
- 5 year interest-only***
- 100% financing options for eligible veterans and active military
- and more
While the Austin-area housing market is competitive, interest rates are at an all-time low. Taking advantage of these historically low rates makes home buying in 2020 a smart decision. Lower rates mean more house for your money and increased affordability. With our many borrowing options, our home loan specialists are ready to help you get started in your journey to home ownership with the best possible rates and mortgage products.
Getting an interest-only loan is also an option for some members. These loans allow you to get into a home now while rates are low and increase payments later when you might have more income. Our home loan specialists will work with you to make sure you have the best loan option available for your individual financial picture.
Luckily, forecasters see more people listing their homes again in the next few months. Many homes were pulled from the market this spring due to economic worries and job insecurities. With increased offerings and low rates, home buying may become easier than it has been in the last few years. Getting pre-approved for a mortgage can also help in snagging that dream home just as soon as it hits the market. UHCU's home loan specialists can walk you through every step to securing the right loan for you ahead of time.
Economists are reporting that unlike previous economic downturns, the housing market will most likely remain stable due to current interest rates and increased demands. This stability means that investing in your home now is a smart financial move. Many buyers are entering the market for the first time and UHCU can help prepare new buyers in readying for that initial home purchase. Applying is easy through our website or with a call to one of our home lending specialists at 512.435.4444.
If you think this is the year for you, we at UHCU are at the ready to help you through the process of buying a home. We will guide you through filling out the application with our renowned personalized service and help with any questions or concerns you might have. We are experts in guiding you through the home ownership journey and will help you find the right product to get the most from your money.
Membership/Regular Savings account required. United Heritage Lending Policies apply. Guidelines, terms and conditions apply. Closing costs apply. *Various loan programs are subject to borrower qualification. **Loan programs without Private Mortgage Insurance (PMI) require a 5% down payment at a maximum loan to value (LTV) of 95%. ***Interest only loans require a 20% down payment. NMLS #630601. Licensed Mortgage Loan Originators