UCU is here to help you whether you are buying a new home or want to refinance your current mortgage.
Save up to 2% or $5,000* in closing costs on:
• Conventional 1st mortgage loans
• Loan-to-value not to exceed 90%
• 3/1, 5/1, 7/1 ARMs, or 10 year fixed
• Primary residences, second homes, single family, PUD, condo, townhouse (1-4 Units) and investment homes
Get a 25% rebate on real estate commissions through UCU’s Home Benefits Plus** program when you buy or sell a house using our realty agencies.
Call today at (800) UCU-4510, x. 2304 for more information.
*Certain restrictions and limitations apply. No Closing Costs offer available only when obtaining the following University Credit Union (“Credit Union”) conventional first priority mortgage loan products: (i) fixed rate mortgage with a ten year maturity; and (ii) a 3/1, 5/1, 7/1, or 10/1 adjustable rate mortgage (“ARM”), which is an ARM that starts with a fixed rate for the first 3, 5, 7, or 10 years of the loan, as applicable, and thereafter changes to an adjustable rate mortgage that adjusts on a yearly basis for the remaining term of the loan. Rates are subject to increase or decrease at the end of the fixed period, may adjust annually, and are based upon an index plus a margin. ARMs are tied to the 1 year LIBOR. Payment example is for illustration purpose only and is based on a 10 year fixed loan, a loan amount of $450,000 at rate 3.875%, 119 payments of $4,529.35 and 1 payment of $4,528.74. Available for purchase or refinance of primary residence, second home, investment property, single family, one-to-four unit homes, planned unit developments, condominiums and townhomes. University Credit Union will pay borrower’s third-party closing costs up to 2% of the loan amount up to a cap of $5,000 excluding discount points, private mortgage insurance, prepaid interest, homeowner association fees, home inspection fees, condo document fees or funds to establish the member’s escrow account. Appraisal and any fees collected from the borrower during the loan process will be credited back to the borrower at loan closing; however, such fees will not be refundable to the borrower if the loan is not consummated for any reason. If loan is paid in full within the first 36 months of the commencement of the loan, borrower will be required reimburse 100% of the closing costs paid by University Credit Union. Offer available for a limited time and subject to change withoutnotice. Offer not available on Veterans Administration, Federal Housing Administration, and United States Department of Agriculture loans. All loans are subject to membership eligibility, credit and underwriting approval. Additional terms and conditions may apply. UCU is Federally insured by NCUA. Equal Housing Opportunity. NMLS #409731
** Rebates are subject to state law. The following states currently prohibit rebates: AL, AK, IA, KS, LA, MS, OK, OR, TN. To take advantage of the program, you must contact HomeBenefitsPlus before contacting an agent directly. No rebate is available if you work with an agent directly. The amount and manner of the rebate (whether credit in escrow or check after closing) is determined by the mortgage lender, and is subject to state and federal law and lender approval. If the rebate is paid by check, it will be paid within four weeks of closing. Contact Home Benefits Plus at (888) 603-9563 for complete details.
Home Benefits Plus is a service provided as a benefit for members and is not affiliated with University Credit Union. Contact Home Benefits Plus for complete details.