New Bedford Credit Union offer the members several Government Sponsored Mortgage options including reverse mortgages, H.A.R.P. 2.0 Mortgages, Rural Housing, VA mortgages and FHA mortgages. Those mortgages will help the members get 96.5% to 100% financing.
FHA loan comes with only 3.5% Down, which will help the members make purchases of lower Fico scores or higher LTV’s. And VA Mortgage is designed with 0% Down and 30 Year Fixed Rates. Home Affordable Refinance Program is another Making Home Affordable Plan for those who have mortgage loan currently owned by Fannie Mae or Freddie Mac.
At last, Reverse Mortgages come as a great financial tool especially for those senior homeowners who are at least 62 old and own the home as the primary residence.
Founded in 1932, New Bedford Credit Union is a full-service financial cooperative with more than $100 million in assets and over 30 employees today.
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1150 Purchase Street, New Bedford, MA 02740, 508-994-6546
120 Dawson Street, New Bedford, MA 02745, 508-998-9115