These days, it’s easy to feel confused about home loan financing. But at Columbia Credit Union, our friendly experts can help you determine what kind of mortgage loan makes sense for you.
“Our experts will analyze your financial situation and get you into the best plan,” says Pam Baker, Columbia’s Vice President of Home Loans.
“It really, truly is not that scary out there,” Pam Baker
VP Home Loans It’s a common misconception that responsible lenders are getting tighter with their loans, Baker says. Columbia has always funded loans based on overall credit, income, and other standards set by Fannie Mae and Freddie Mac. The job of Columbia’s home loan experts is to ensure that homeowners can actually afford the mortgage plan they’re signing up for – not just now, but over the next 5, 10 or 30 years.
You could still qualify for a mortgage with as little as a 3 percent down, even if you’re not a first-time homebuyer. And since home values in the Northwest aren’t dropping as dramatically as in other parts of the country, homeowners who plan to stay put for five to seven years shouldn’t worry.
“It really, truly is not that scary out there,” Baker says.
Living Green Mortgage
Save up to $1,500 on your mortgage for energy efficient homes certified through LEED, Energy Star
or Earth Advantage, plus you’ll save every month on utility bills!
First-time homebuyers
The Home$tart program provides $3 of grant money for every $1 saved for a down payment, up to
$5,000, plus a 25 percent reduction in loan origination, underwriting and processing fees. Members
must meet the Federal Home Loan Bank's income guidelines.
Custom construction
With one set of loan documents, one set of loan fees, and one closing for both your construction
-phase financing and permanent mortgage, you’ll save time and money. You'll even lock in
your permanent mortgage rate before construction begins.
Contact Us
Talk to a home loan representative to find out which program makes sense for you. Call
360.891.4128, visit your nearest branch, or schedule an appointment online.
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