Lending for Homebuyers in Reading, PA

Buying a home can be a high-stress experience. Fortunately, you can have a partner in your corner when you choose Bellco Federal Credit Union. We provide a range of lending options for homebuyers in Reading, PA, to make your goal of home ownership a reality. 

Bellco Federal Credit Union is owned by its members and maintains status as a not-for-profit organization. Employees originally started the Bell Telephone Credit Union in 1938, and we continue to offer a broad range of financial products and tools to citizens and businesses throughout Berks County.

If you’re planning to borrow for a home, car, boat, motorcycle, RV, holiday, wedding, medical bill, or any other life expense, come to Bellco FCU for local decisions and processing. 

In addition, Bellco FCU provides checking and saving services along with modern financial conveniences like online banking and bill pay; mobile access to banking through browser, app, or text; and free ATM use at thousands of machines nationwide. 

Cost-Effective Home-Buying Methods

Bellco Federal Credit Union provides a range of borrowing options for purchasing real estate. 

30-year Home Loan

The most common type of mortgage in the US is a home loan with a 30-year repayment term. The payments for this type of loan are generally lower than other mortgage products, so families who plan to stay put for a long period of time can benefit from stretching out the payments.

15-year Home Loan

A 15-year mortgage can be preferable to a 30-year loan when budgets allow for a higher payment. The most obvious is that the repayment term is completed quicker, but you’ll also pay less interest and build your equity quicker. 

Adjustable Rate Mortgage (ARM)

An adjustable-rate mortgage 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. 

VA Home Loans

Low rates when buying a home are a key benefit of serving in the Armed Forces of the United States. VA home loans are backed by the United States Department of Veterans Affairs. Traditional loans and FHA mortgages can’t compete with the low rates available to eligible service members. 

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.

Membership into Bellco Federal Credit Union

If you live, work, worship, or go to school in Berks County, PA, you can become a member of Bellco FCU. All that’s required is a deposit of $5 into a primary savings account. With just a few other steps, your membership will be complete, and you’ll have it for life. Even if you change jobs, retire, or move out of Berks County, your membership will remain in place and valid.

While looking for investment property, your first home, or a new home for a growing family in Reading, PA, secure lending via Bellco FCU. Homebuyers will find that we’re available online, in-person, and via phone to help you with applications, membership, and any other financial need.