Home Loans Reading, PA
Learn more about home loans in Reading, PA and find out if you are eligible. Bellco Federal Credit Union is committed helping members set a solid foundation for successful homeownership.
Bellco FCU is a member-owned, not-for-profit federal credit union that caters exclusively to the needs of its members and offers a variety of affordable financial services. Our trusted and experienced professionals genuinely listen and offer solutions with the compassion of a true neighbor.
Like banks, we accept deposits, make loans and provide a wide variety of other financial services. But as a member-owned and cooperative institution, we provide a safe place to save and borrow at reasonable rates with exceptional customer service.
If you live, work, worship, or go to school in Berks County, PA, or are an immediate family member of a member, you are eligible to join Bellco FCU. Open a primary savings account with as little as $5 and follow a few simple steps. Once you join Bellco FCU, you are welcome to remain a member for life, regardless of where you live or work.
Bellco FCU Home Mortgage Solutions
With a wide range of home loan options to choose from, Bellco FCU provides expert guidance so that you can match your current needs to a loan that suits your lifestyle.
Our mortgage team is prepared to answer all of your questions and verify your eligibility and qualifications. We can tell you exactly which options are available based on your preferences and circumstances. Then we can determine how much you can borrow and help you meet the requirements to obtain the loan.
Fixed Rate - The 30-year fixed-rate mortgage is the most common and popular home loan option. Monthly payments are typically lower than the payments on shorter-term loans, and the monthly principal and interest payment will remain the same for the entire 30-year loan term. Fixed-rate mortgages are also available with shorter terms, e.g., 15 years.
Adjustable Rate - An adjustable-rate mortgage (ARM) starts with a fixed interest rate for a specified number of years and then adjusts once per year. If interest rates rise, so will your monthly payment. If they drop, your payment will drop too. The initial rate is often relatively low, and may be lower than that of the 30-year fixed-rate mortgage.
FHA - FHA home loans, which are backed by the Federal Housing Administration, have less stringent requirements than conventional loans. These mortgages may be the perfect fit if you have less-than-perfect credit, no formal credit history, or limited cash for a down payment
VA - Designed specifically for active duty military and veterans, this loan option opens the door to home ownership with low to no down payments, fixed interest rates, and favorable loan terms. It also allows those with lower credit scores to qualify.
Jumbo - These are loans for people wishing to spend more than the conventional loan limit of $417,000 ($625,500 in some areas). They are called “jumbo” because it’s possible to finance homes priced between $525,000 and $3.5 million.
Bellco FCU is ready to provide the best home loans in Reading, PA. We offer competitively low rates for home purchase, refinance or construction, and have a number of home financing programs available. Contact us today to learn more!