Mortgage Rates for Berks County, PA

Mortgage rates for Berks County, PA depend on the type of mortgage you get for your home. Bellco FCU can help you understand your options and get you low rates and personalized service. 

Bellco FCU is a member-owned not-for-profit credit union that was founded in 1938 by Bell Telephone Company employees. We offer a broad range of services, including checking and savings accounts, credit cards, auto loans, personal loans and mortgages. 

Types of Mortgages

There different requirements for each type of mortgage and different benefits to each one. Your Bellco FCU advisor will help you determine the right mortgage option for you. We can also help you refinance your home to get a lower rate.

  • Adjustable Rate Mortgage (ARM) – This type of mortgage is good for a short-term mortgage because the interest rates can start out lower than a traditional mortgage. However, the rates can go up significantly over the course of the loan, and this will affect the mortgage payment. 

  • 15-year or 30-year mortgage – This traditional type of mortgage is good if you plan on staying in your home for a long time. The interest rate is fixed so it will stay the same for the duration of the mortgage. 

  • FHA Loan – This is a government backed mortgage which means there are lower requirements to qualify. It typically has a lower down payment requirement (around 3.5%) and lower closing costs. The initial costs can be significantly lower than other mortgages. This option is available for both purchasing and refinancing a home. 

  • VA Home Loans – VA home loans are backed by the Department of Veteran Affairs and offer significantly better mortgage terms than other types of mortgage loans. It is available to active duty service members, veterans, reservists and some surviving spouses. 

  • USDA Home Loans – These loans are backed by the Department of Agriculture. If borrowers meet the income requirements, they can have significantly better terms than traditional or FHA loans. 

About Bellco FCU

Bellco FCU was founded by Bell Telephone Company employees in 1938. Since then, we have offered low rates, fewer fees, personalized financial solutions, and excellent customer service to the people of Berks County, PA.

If you reside, work, worship or get your education in Berks County, PA, you are eligible to become a member of Bellco FCU. With just $5, you can open a member saving account. That $5 is all it takes to get a share in the credit union and become an equal voting member. 

Once you become a member you are a member for life, even if you move away, retire or change jobs. You can continue to access all of Bellco FCU’s services from anywhere online, over the phone, or at any of the thousands of ATMs around the country. 

To learn more about mortgage rates in Berks County, PA, visit us online or stop by a local Bellco FCU branch.