Mortgage Lenders in Robesonia, PA

Buying a home is a milestone event in one’s life, especially the first home. Evaluating mortgage lenders available to you in Robesonia, PA, should lead to Bellco Federal Credit Union. Our courteous team will identify the best financial product to suit your present and future plans.

Bellco Federal Credit Union is owned by members and works toward improving the financial health of the citizens and businesses of Berks County.

Credit unions provide many of the same financial products and services as banks, but they differ in ownership, motivation, and membership. We’re motivated by passing on savings to members rather than extending profits to shareholders.

As you choose a mortgage lender, prioritizing a few required elements will lead to genuine satisfaction with your decision. Bellco Federal Credit Union has the flexibility to offer access to government lending, low fees, reasonable down payment terms, and help with the mortgage securement process.

Be Aware of Credit History and Credit Score

Your first mortgage will be the most difficult to achieve. Your credit history will likely be limited to student loans, unsecured credit card debt, and vehicle loans. The higher your credit score and the lower your debt-to-income ratio, the more likely favorable terms for a mortgage become.

Consider First-Time Home Buyer Options

When buying your first home, lenders often offer special assistance programs. These programs can range from lower rates, help with a down payment, or educational courses specifically meant to help newbies to the home buying process. Ask lenders under consideration about the availability of this type of program.

Bellco FCU offers the following financial options:

  • Fixed-Rate Mortgage

  • Adjustable-Rate Mortgage

  • USDA Rural Housing Loans

  • FHA Loans

  • VA Loans

  • First-Time Homebuyer Specials

  • Construction Loans

Ask about the Availability of Government Supported Home Loans

First-time home buying specials aren’t the only way to find help securing your first mortgage. Many potential homeowners qualify for loans provided by the USDA, VA, and FHA with relaxed criteria and friendlier terms.

Shop Around for the Best Interest Rates and Terms

As you shop around from bank to bank and credit union to credit union, consider the numbers. Remember to note the offered APR, fees for application, appraisal, closing, and every other detail. It can be quite easy to get lossed in the minutia, but we strongly suggest you tabulate the costs and choose the best terms for your ultimate goals.

Secure Pre-Approval Before Finding Your Home

With a pre-approval in hand, you can shop confidently for your first home. You’ll have a clear view of your budget, mortgage payment, and expected interest rate as you whittle down the real estate you’re considering. Bellco Federal Credit Union is able to overcome some obstacles to borrowing like a lower credit score and variable income.

The ideal home loan will work with your budget and long term plans. Bellco Federal Credit Union offers methods for identifying the best financial product, local processing and decision-making, and courteous service.

Become a Member/Owner of Bellco FCU

If you live, work, worship, or attend school in Berks County, PA, or have an immediate family member who is a Bellco FCU member, you’re eligible to join as well.

You’ll only need to open a primary savings account with a $5 deposit to become a Bellco FCU member. This membership will be lifelong regardless of any change in circumstance, giving you access to one of the best mortgage lenders in Robesonia, PA.