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When purchasing a home in Fleetwood, PA, Bellco Federal Credit Union offers a wide range of home loans with competitive rates and terms and can help you make a decision that is right for you and your family.

Bellco FCU is a member-owned, not-for-profit federal credit union. Since 1938, when we were called the Bell Telephone Credit Union, we have provided unique financial products and services to individuals and small businesses in Berks County.

Simply open a Member Savings account with as little as $5, and establish your membership in a few simple steps. This is not a fee; it is a share in the credit union and provides you voting rights. When you join a credit union like Bellco FCU, you become a partial owner and have a say in any decisions we make.

Once you join Bellco FCU, your spouse, children, siblings and parents will be eligible to become members too and take advantage of competitive rates for mortgages, personal loans, credit cards, and the many other services we offer.

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Bellco FCU Home Loan Solutions

With a wide range of home loan options to choose from, Bellco FCU provides expert guidance so that you can match your current needs to a loan that suits your lifestyle.

Fixed Rate - The 30-year fixed-rate mortgage is the most common and popular home loan option. Monthly payments are typically lower than the payments on shorter-term loans, and the monthly principal and interest payment will remain the same for the entire 30-year loan term.  Fixed-rate mortgages are also available with shorter terms, e.g., 15 years.

Adjustable Rate - An adjustable-rate mortgage (ARM) starts with a fixed interest rate for a specified number of years and then adjusts once per year. If interest rates rise, so will your monthly payment. If they drop, your payment will drop too. The initial rate is often relatively low, and may be lower than that of the 30-year fixed-rate mortgage.

FHA - FHA home loans, which are backed by the Federal Housing Administration, have less stringent requirements than conventional loans. These mortgages may be the perfect fit if you have less-than-perfect credit, no formal credit history, or limited cash for a down payment

VA - Designed specifically for active duty military and veterans, this loan option opens the door to home ownership with low to no down payments, fixed interest rates, and favorable loan terms. It also allows those with lower credit scores to qualify.

Jumbo - These are loans for people wishing to spend more than the conventional loan limit of $417,000 ($625,500 in some areas).  They are called “jumbo” because it’s possible to finance homes priced between $525,000 and $3.5 million.

As you search for affordable home loans in Fleetwood, PA, consider Bellco FCU. Visit us online to find out how easy it is to open an account and become a member, and then let us help you meet your financial needs.

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