Top 20 Credit Unions in the USA as Mortgage Lenders
Purchasing a new house is a life event for most people and it is an expensive asset that can appreciate in value and be passed down to loved ones for generations. Unless you have the liquid capital to purchase a house in full you’ll need to contact a mortgage lender in order to get into your new home.
Credit Unions can be a better way than going through a bank to get your mortgage loan due to personalized service, lower rates, lower fees, and a better chance of getting your loan approved. But figuring out which credit union to get your mortgage loan through can be a complicated process, so we’re here to give you a list of the Top 20 Credit Unions in the USA as mortgage lenders:
1. Navy Federal Credit Union
Navy Federal Credit Union has 5 different types of mortgages including Adjustable Rate Mortgages, Homebuyer’s Choice, Conventional Fixed Rate, Military Choice, and VA Loans. They have interest rates starting at 2.25%, APRs starting at 3.00%, down payments as low as 0%, and 10 to 30-year mortgage terms depending on your situation. They have been around since 1933 and have been a trusted mortgage lender for decades.
2. Star One Credit Union
Star One Credit Union has 30 year and 10-year mortgages with interest rates starting at 2.625%, APRs starting at 3.25%, and down payments starting at 3% for first-time buyers which is why it made the cut for the Top 20 Credit Unions in the USA. They have First Time Home Buyer, Investment Property Loans, Home Equity Lines of Credit, and Adjustable Rate Mortgages.
3. Delta Community Credit Union
Delta Community Credit Union offers a special discount of $500 off of your closing costs after opening a new mortgage. They offer Fixed Rate Mortgages, First Time Home Buyer Mortgages, Adjustable Rate Mortgages, Jumbo Loans, 100% Financing Home Loans, Home Equity Lines of Credit, Home Equity Loans, and Land Lot Loans. They really have something for everyone.
4. PenFed Federal Credit Union
PenFed Federal Credit Union offers Power Buyer loans for those with cash offers, VA Loans, VA Streamline which offers lower interest rates, Conventional Fixed loans, Jumbo Loans, Home Equity Lines of Credit, and Adjustable Rate Mortgages. They have special offers to help with move-in costs for those that are opening a new mortgage.
5. Boeing Employees Credit Union
Boeing Employees Credit Union offers Fixed Rate mortgages, Home Equity Loans, First-Time Home Buyer Loans, Adjustable Rate mortgages, VA and FHA loans, Jumbo loans, and Home Improvement Loans. They offer as much as $7500 for first-time home buys to assist with down payments.
6. SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union caters to those that have at least a 740 credit score and a single-family household although they do sometimes accept lower credit scores with higher rates. They offer 30-year mortgages with interest rates as low as 3.5% and APRs as low as 3.64%.
7. First Technology Federal Credit Union
First Technology Federal Credit Union offers 10 year to 30 year mortgages with interest rates starting at 2.875% and APRs starting at 3.208%. They offer both Fixed Rate and Adjustable Rate Mortgages.
8. Suncoast Credit Union
Suncoast Credit Union offers Community Heroes Mortgages for those in public service fields, Six Month SafeLock loans for those in newly built houses, First TIme Homebuyer loans, and Jumbo Mortgages. They have different interest rates offer special discounts depending on your situation and your occupation.
9. America First Credit Union
America First Credit Union has First-Time Homebuyers loans, 100% No PMI Adjustable Rate Mortgages that combines mortgage insurance with your loan, Fixed Rate Loans, Conventional Purchase loans for those without an FHA, Construction & Lot Loans, Jumbo Loans, and Adjustable Rate Mortgages.
10. Alliant Credit Union
Alliant Credit Union has both fixed and adjustable-rate mortgages that range from 10-30 years with interest rates starting at 3.25% and APRs as low as 3.382% They have a high approval rate and they keep your loan terms and options simple for you so all you have to focus on is getting into your new home.
11. The Golden 1 Credit Union
The Golden 1 Credit Union offers 5-30 year fixed and adjustable-rate mortgages with interest rates starting at 2.75% and APRs starting at 3.03%. They also help with finding a real estate agent that will get you the lowest closing costs.
12. Patelco Credit Union
Patelco Credit Union has fixed, adjustable rate, and first-time homebuyer mortgages that can go up to 30 years with interest rates as low as 4% and APRs as low as 4.061%. They also offer down payments as low as 3%.
13. Bethpage Federal Credit Union
Bethpage Federal Credit Union offers both fixed and adjustable-rate mortgages from 10-20 years with interest rates as low as 2.75% and APRs as low as 3.047%.
14. Kinecta Federal Credit Union
Kinecta Federal Credit Union has 15 to 30 year fixed and adjustable-rate mortgage loans with interest rates starting at 3% and APRs starting at 2.918%. They also offer rebates on their loans to help with closing and move-in costs.
15. Digital Federal Credit Union
Digital Federal Credit Union offers fixed-rate and adjustable-rate mortgages with conventional and jumbo loans to help you save on the total cost of your mortgage over time. They offer as low as 3% down for qualified individuals. They have 10-30 year terms with as low as 2.875% interest rates and 2.9% APRs.
16. Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union has a special where they offer up to $1,500 for closing costs. They offer Conventional and Jumbo Fixed Rate mortgages, Residential Investment Property Loans, Second Home loans, Land Loans, Construction Loans, Adjustable Rate Mortgages, FHA Loans, VA Loans, and Rural Housing Loans.
17. VyStar Credit Union
VyStar Credit Union offers 15 and 30 year fixed and adjustable-rate mortgages with interest rates starting at 2.875% and APRs as low as 3.033%. They also offer Land Loans, FHA, and VA loans. Their super-low rates are what qualified them to get on this list for the Top 20 Credit Unions in the USA.
18. Citizens Equity First Credit Union
Citizens Equity First Credit Union has 10-30 year fixed and adjustable-rate mortgage loans starting at 2.5% interest rates and 2.868% APRs. They also have points that can be purchased that can reduce your interest rates by .25% per point.
19. Wings Financial Credit Union
Wings Financial Credit Union offers free smart doorbell systems to all new mortgages. They have 10-30 year mortgage terms with interest rates starting at 3.25% and APRs starting at 3.313%.
20. Desert Financial Federal Credit Union
Last, but definitely not least on our list of the Top 20 Credit Unions in the USA, Desert Financial Credit Union has both Home Equity Lines of Credit and FIrst Mortgages for first-time home buyers. They have 15 and 30-year terms with interest rates starting at 2.755 and APRs as low as 2.98%.