Best Credit Union for Mortgages in Blandon, PA

Financing a new home purchase or refinancing a current home loan most often occurs through traditional, online, and mega mortgage banks. However, a significant portion of mortgages in the US come through credit unions. Community-minded prospective homeowners in Blandon, PA, will find the best credit union for mortgages right here with Bellco Federal Credit Union. 

Deciding to join a credit union provides access to a range of mortgage products with fewer closing costs, more competitive rates, and friendlier terms. Bellco Federal Credit Union is a great resource for those with close ties to Berks County when they’re on the hunt for the perfect home. 

We provide fixed-rate mortgages with either a 15-year or 30-year repayment term, Adjustable Rate Mortgage (ARM) options, VA home loans, USDA mortgages, and FHA loan products.

What Makes a Credit Union Different?

Bellco Federal Credit Union differs from the traditional bank because we’re motivated by serving our members rather than by making profits for shareholders. Generally, this translates to lower fees and greater savings on financial services and products – including mortgages. 

As a community-based credit union, Bellco FCU focuses on improving the local area by serving the individuals and businesses in the area. While credit unions are often criticized for being limited in scope and modern conveniences, you’ll find that we offer all the modern conveniences, products, and services that you would find at a megabank, including mobile banking and online bill pay. 

Credit Union vs. Bank

When deciding between a traditional bank and credit union, it’s helpful to know how they compare. In addition to credit unions being non-profit organizations, they’re also owned by members, as opposed to banks that are owned by shareholders and guided by a profit motive. 

Credit unions like Bellco FCU often provide greater yields on deposits and lower interest on borrowing along with greater flexibility than traditional banks. 

While banks are open to everyone, joining a credit union requires a relationship with a community or location. For instance, Bellco FCU membership is open to individuals who live, work, attend school, or worship in Berks County, PA, and their immediate family members. 

To secure a home loan from Bellco FCU after becoming a member, those with a qualifying connection to Berks County should deposit a minimum of $5 into a Primary Members’ Saving account.

Limited branch and ATM availability are often cited as reasons to choose banks over credit unions but, in reality, Bellco FCU is connected through the National Credit Union Association to over 5,600 associated branches and offers thousands of ATMs for surcharge-free use. 

Finally, banks have the backing of up to $250,000 through the FDIC, and credit unions have an equal amount of coverage through the National Credit Union Administration. 

Here at Bellco Federal Credit Union, we proudly continue the tradition of supporting Berks County that was started in 1938 when our predecessors started Bell Telephone Credit Union. 

The best credit union for mortgages in Blandon, PA, is right here at Bellco Federal Credit Union. Come in, call, or check out our online application options to make your dream home yours with the best mortgage product to pair with your desired home purchase and financial situation!