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Shopping for a mortgage can be overwhelming, and it’s important to know that different types of lenders are available to help. When you’re ready to finance your property in Shillington, PA, experience the Bellco Federal Credit Union difference!

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About Bellco FCU

In 1938, Bell Telephone employees formed Bell Telephone Credit Union. They wanted to establish a financial institution they could trust, one where they would have a voice, and one that would help fellow employees obtain hard-to-get loans.

Now, nearly 80 years later, Bellco FCU, a member-owned, not-for-profit federal credit union, continues to offer unique financial products and services to individuals and small businesses in Berks County, PA.

Unlike for-profit banks that are focused on earning profits for their shareholders, we return our earnings to Bellco FCU members in the form of low interest rates on mortgages and other loans, high-yield investment accounts, low- or no-fee checking and savings accounts, and the friendliest service.

If you live, work, worship, or go to school in Berks County, PA, simply open a Member Savings account with as little as $5, and establish your membership in a few simple steps. Then, take advantage of our competitively low rates for home purchase, refinance, or construction.

Affordable Mortgage Options

Bellco FCU offers a variety of home loans on primary residences, vacation homes, and investment properties, including:

30-year mortgage: The most popular home loan in the nation offers monthly payments that are more budget-friendly than mortgages with shorter terms. It is a great choice if you plan to live in your home for many years and want the security of a consistent monthly payment that won’t change over the life of your loan.

15-year mortgage: If your budget has room in it for a larger monthly payment, the 15-year fixed rate mortgage provides several advantages. You’ll pay less mortgage interest, build equity faster, and own your home in half the time.

Adjustable rate mortgage: An adjustable-rate mortgage (ARM) features an initial interest rate for a defined term and then fluctuates over the life of the loan, with payments adjusting up or down to reflect the changing rate. The initial rate is often lower than other fixed-rate mortgage options.

FHA mortgage: This mortgage is one of the easiest to qualify for because it requires a low down payment (typically 3.5%), and has easier credit guidelines. Loans can be either adjustable-rate mortgages or fixed-rate mortgages and are available for both purchases and refinances.

VA mortgage: VA home mortgages are backed by the U.S. Department of Veterans Affairs and are designed to help eligible veterans, reservists, active-duty service members, and some surviving spouses purchase a primary residence. Buyers with less-than-perfect credit and limited funds available for down-payment can still become homeowners.

When you’re ready to learn more, the locally knowledgeable Bellco FCU mortgage experts will evaluate your creditworthiness based on your past credit use, debts, assets and your current income. Then we’ll calculate how much you can afford to borrow and guide you through the process.

There are many mortgage lenders, but Bellco FCU has the tools, information and expertise to help you make the best decisions on financing your Shillington, PA property. Contact us today to learn more!

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