Best Credit Union for Home Loans in Reading, PA

Have you spotted the perfect home, in the perfect neighborhood, and need the perfect financing? Bellco Federal Credit Union is, without a doubt, the best credit union for home loans in Reading, PA. Our financial products include a broad range of mortgage types.

As a non-profit federal credit union, Bellco FCU is owned by our members. We began as the Bell Telephone Credit Union in 1938 and have evolved over the years to serve the entirety of Berks County with the financial services and products that will propel them to success.

Joining BCB Homes is as simple as opening a Member Savings account. Deposit a nominal $5 to establish Bellco FCU membership and become a joint owner in the credit union. This ownership comes with a voice in operations as well.

Qualifying to make this deposit requires that you have a connection related to Berks County. It may be that you have an immediate family member who is already a member of Bellco FCU, or the connection may be residential, occupational, religious, or educational in nature. Once you become a member, this status remains for the rest of your life even if qualifying conditions change.

Buy Your Home with the Help of Bellco FCU

Bellco Federal Credit Union offers the blend of professional expertise and hometown courtesy that you need when buying a home. We can help guide you through the various options to make sure that your mortgage is in line with your financial goals and current situation.

The Fixed-Rate 30-year mortgage is the traditional choice. If the home you’re considering will be your forever home, why not stretch out the term for a lower payment. Homeowners who know they will upgrade this home or who would like to pay less in interest can choose shorter terms of 10 or 15 years.

An adjustable-rate mortgage (ARM) is available for home buyers. It begins with a fixed term with a fixed rate, but at the end of that initial term, the interest rate will change annually based upon the rate in your contract plus the prime rate. This amount will rise and fall depending on interest rates.

FHA mortgages are made possible by the Federal Housing Administration with the intention of opening up home ownership to more of the population. People without a credit history or a large sum for a down payment can take advantage of this program.

As part of the country’s demonstration of appreciation for veterans, the government backs VA home loans. Veterans and active-duty soldiers can purchase a home with lower credit scores, no or low down payments, fixed rates, and appealing terms.

High-rolling homeowners who want to buy a high-priced dream home require Jumbo mortgages that outprice the typical limit on home borrowing.

Construction loans for homebuyers who would rather build their own home can be found here as well. The mortgage will consist of the amount borrowed to build the home plus the interest that’s deemed appropriate for your borrowing worthiness.

Consider Bellco FCU as you embark on your home search. We are the best credit union for home loans in Reading, PA, and we invite you to join us and allow us to help you find the best mortgage product for you.