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 First Time Home Buyers 1/1, 3/3 & 5/5 ARMs

Congratulations! You've made a decision to buy your first home. We are here to help you!

The Adjustable Rate Mortgages (ARMs) in this program are designed for borrowers with minimal funds to invest.

The Welcome Home Mortgage is crafted to help first-time homebuyers navigate the buying process, and can even be utilized by  seasoned homebuyers.  

  • A minimum credit score of 680
  • No monthly Private Mortgage Insurance (PMI)
  • No prepayment penalty
  • Gift funds allowed
  • Not limited to first-time homebuyers

Check out the video below for questions first home buyers need to know.

Home Buyers FAQ

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Home Equity

 Convenient Home Equity Loan

Put the available equity in your home to use with a convenient home equity loan.

Fast service and low closing costs enable you to quickly begin using your home’s equity.

  • Up to 100% financing
  • No application fee
  • No prepayment penalty

Apply Here

Fixed-Rate

 10, 15, 20 & 30 Year Term

Prefer fixed-rate mortgages? Home Loans available for purchases, refinances or cash-out refinances.

With fast service, no application fee, and low closing costs, our fixed-rate mortgages are excellent!

  • 5% down payment on the purchase
  • A minimum credit score of 620
  • No prepayment penalty
  • Gift funds allowed

ARMs

 Time To Make Your Move With Our 10/10 ARM

Service One’s Adjustable Rate Mortgages (ARMs) offer a one-of-a-kind mortgage for your one-of-a-kind home.

Our 10/10 Adjustable Rate Mortgage has an attractive locked rate for the first 10 years; then it adjusts every 10 years. ARMs are great if you don’t plan to stay in your home very long or if you expect your income to rise within the next few years. ARMs are also great for refinancing that higher rate mortgage into a new lower-rate loan.

Service One also offers other ARM products such as our 1/1, 3/3, and 5/5 terms. With low down payments and no Private Mortgage Insurance (PMI), our ARMs are a great choice.

* Available on purchases and refinances of a primary residence. Rate adjustment period: Locked for the first 10 years and adjusts every 10 years for the remainder of the loan term (max. of 2% per adjustment period, or 6% over the life of the loan) which may cause payments to vary. Membership eligibility and credit-granting criteria apply. This offer is subject to change without notice.

Government Home Loans

 USDA Rural Development

30 Year Fixed

Home loans available to those whose property and income meet USDA eligibility criteria.

  • No down payment required
  • Maximum 102% Loan To Value (LTV)
  • A minimum credit score of 620
  • No prepayment penalty
  • Not limited to first-time homebuyers

 FHA

15 & 30 Year Fixed Rate

FHA Mortgage loans insured by the Federal Housing Administration (FHA) and available for purchases, refinances or cash-out refinances.

  • Only 3.5% down payment required
  • Gift funds allowed
  • A minimum credit score of 620
  • No prepayment penalty

 VA

15 & 30 Year Fixed Rate

VA Mortgages are guaranteed by the Department of Veterans Affairs for eligible veterans and are available for purchases, Interest Rate Reduction Refinance Loans (IRRRL) or cash-out refinances.

  • No down payment required
  • A minimum credit score of 620
  • No prepayment penalty
  • No monthly Private Mortgage Insurance (PMI)

Homeowners and Auto Insurance

Trustage co

You trust your credit union to offer products and services to help you do more with what you have.

That’s why we’ve joined with a dedicated team of insurance professionals to bring you the TruStage Auto Insurance Program. TruStage insurance products are available exclusively for members through the CUNA Mutual Insurance Agency, Inc.

Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates for credit union members, online services, and 24/7 claims service.

If you haven’t compared auto insurance lately, it’s a great time to take a look. Your credit union membership could result in some nice savings.

Get your no-obligation quote today by calling 1-855-483-2149 or by visiting the TruStage online quote generator by clicking the “Get a Quote” on the TruStage photo.


 

Check out other insurance products here!

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