Home Loan Information

26 Mar

Top 4 Reasons to Get Your First Home Loan Through a Credit Union

You’ve probably already discovered the home buying process is stressful no matter the size of your budget. That’s why it’s important to find the right real estate agent and the right loan officer. You want these two people to be close to you throughout the process, so make sure you’re comfortable with them and trust them to have your best interest in mind. We believe one of your best assets when searching for your first home or a fixer upper is your local credit union. Working with this nonprofit organization, like Signet, to finance your home provides you with many benefits. Let’s look at some of them:


  • Your loan won’t be sold to a third party. They stay at Signet.

This might not mean much to you at the moment, but if you’ve ever had a loan sold to a third party and then sold to another third party and then you’re confused on who to pay and how to get your title released… this point quickly becomes a priority the next time you get a loan. At Signet, we ensure you know who to contact when you have questions or concerns. When you get a loan with us, it stays with us. You always know who to call or stop by and see.


  • Lower Closing Costs

This is one of those easily forgotten costs that many couples forget to budget for. So, it’s nice to work with a credit union because we can offer much lower closing costs than other financial institutions.


  • Handle All Your Finances in One Place

By working with a credit union you’re able to handle everything from daily spending to your mortgage all in one place. You can pay bills, manage loan payments, increase your savings using Signet’s mobile banking app or online banking. There’s no need to bank anywhere else when you enjoy the benefits of lower costs and higher savings!


  • Your Loan Officer will help you navigate the process.

As we mentioned before, the home buying process can be stressful and take many twists and turns. With Signet, there’s no need to go to someone you don’t know. If you bank here, or got a car loan or consumer loan here, you already know who to talk to.

Our loan officers are trained to help you navigate the buying process, answering any questions so confusion is not a part of your experience.

Learn more about our loan options or calculate your potential loan payments here. If you’re ready to discuss your options with a loan officer just call us!

Call Signet Federal Credit Union