That New House is so YOU. But Is the Mortgage?


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Consumers home loans

We’d love to help you with a mortgage or home equity line of credit.

Consumers’ custom-made mortgages are built to fit your individual needs.

Jumping into the real estate market can feel like a mix of excitement and anxiety. There’s nothing like the thrill of shopping for a new home or property. After all, you’re adding an important chapter to your life’s story. But with all the dreams and plans comes a quick dose of reality: how to pay for it.

Unless you’re part of the 20% of people who will pay fully in cash for their next home, you will likely pay for your new property with a mortgage. And maybe you’ve resigned yourself to the idea that you have few choices: 15- or 30-year obligation with a sizable down payment, take it or leave it.

While that may describe the traditional mortgage landscape, you should explore beyond those conventional solutions. Every person’s situation is different, so it’s a good idea to look for an institution that offers a wide range of options to fit every situation, like Consumers Credit Union.

For example, if you’re a first-time homebuyer but 20% or more down on a starter home is out of the question, Consumer’s 0% Down Mortgage could be the perfect solution because it doesn’t require private mortgage insurance (PMI), making it especially budget friendly.

If you work in a service-related field, Consumers’ At Your Service Mortgage offers exclusive discounts with 0% down and no PMI (up to $750K) for full-time police officers, firefighters, EMS workers, teachers and nurses. Those in other medical fields, such as MDs, DOs, PAs, NPs, CRNAs and DMDs, can enjoy the same benefits through the Consumers Advanced Medical Mortgage. There’s even a specialized VA loan for active military and veterans with additional advantages for those who are serving, or have served, our country.

Not only does Consumers tailor its mortgages to a variety of scenarios, but it keeps an eye on the ever-fluctuating mortgage rates with the Consumers Lock & Shop program, which locks in a rate for up to 90 days while you shop for a new home. And if rates decrease during your 90-day period, the credit union will honor the lower rate, making this program invaluable during an uncertain interest rate environment.

Construction and lot loans, investment property loans, hybrid and low-rate adjustable rate mortgages (ARMs), refinancing and conventional fixed-rate mortgages—with all these options and more, Consumers is committed to meeting people where they are in life with creative, flexible financing that fits them and where they want to be. In a new home, of course!

Consumers helps thousands of members finance land, first and second homes, and home improvement projects each year. We’d love to help you with a mortgage or home equity line of credit; contact us online or call us at 800.991.2221.

*All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.

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Consumers home loans

We’d love to help you with a mortgage or home equity line of credit.

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