Mortgage Lenders in Temple, PA

Bellco Federal Credit Union, one of the premier mortgage lenders in the area of Temple, PA, provides friendliness and flexibility to aspiring homeowners in the area.

As a non-profit organization, owned by members, Bellco FCU serves the individuals and small businesses of the community rather than shareholders. In 1938, the employees of Bell Telephone Credit Union came together to help one another progress financially, and we continue that legacy to this day.

Members of Bellco Federal Credit Union are also owners in the organization. Not only do our members have access to beneficial products and services, but they also have opportunities to help other members and the larger community. From free checking and savings to incredible rates and flexible terms, Bellco FCU has a range of products and a team of friendly professionals ready to advise and serve.

While we at Bellco FCU relish the opportunity of catering to first time homebuyers, we also look forward to assisting growing families, retirees, or prospective landlords with a range of home loan opportunities and the guidance to choose the best one.

Types of Available Home Loans

Perhaps the most common home loan is the fixed rate type. A fixed-rate home loan comes with a static interest rate that doesn’t change as time passes. Homebuyers generally choose either a 15- or 30-year term. Longer terms equal lower payments but more interest over the life of the loan. Shorter terms translate into a lower interest rate but higher payments.

The monthly payment for a fixed-rate loan doesn’t change, so you can budget well in advance regardless of changes to the prime rate. We find that this type of mortgage is most appropriate for homebuyers who plan to stay put well into the future.

Another common mortgage product is an ARM, otherwise known as an Adjustable Rate Mortgage. Homebuyers should go into this loan product with their eyes wide open. Following the introductory term and interest rate, the interest amount will rise or fall based upon the prime rate plus an agreed upon percentage. This fluctuation can drastically affect the monthly payment.

Jumbo Loans - For multi-million-dollar homes, buyers require a substantial loan - hence the term Jumbo.

Construction Loans - Building your own custom home will require borrowing. With a construction loan, you can create your dream home and then repay the costs as you would a typical mortgage.

Other loan products include FHA, VA, and USDA loans. Each of these products leverages governmental programs for home buying options.

Straightforward Journey to Membership

Join Bellco FCU if you work, live, go to school, or worship in Berks County, PA. By establishing eligibility and opening a Member Savings account, you can become a joint member-owner. The deposit in the account can be as small as $5.

Should you be an immediate family member of a current Bellco Federal Credit Union member, you’re also eligible to join the organization.

Membership with us is for life. You may retire, change jobs, move, or graduate. Nevertheless, you’ll remain a joint member-owner with Bellco Federal Credit Union. Your account will be easily accessible by phone, online, at cooperating federal credit unions, and ATMs across the country.

The Bellco FCU team stands ready to help you set the terms for your mortgage. We are a leader among mortgage lenders in the area of Temple, PA due to the quality, flexibility, and satisfaction of our members.