Mortgage Reading, PA

Buying or refinancing a home in Reading, PA? Why not take advantage of the budget-friendly mortgage rates from Bellco Federal Credit Union?

Bellco FCU is a member-owned, not-for-profit federal credit union that caters exclusively to you and your needs 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.

Membership in Bellco FCU is open to individuals who live, work, worship, or attend school in Berks County, PA. Simply open a Member Savings account with as little as $5, and establish your membership in a few simple steps.

Once you become a member, your spouse, children, siblings and parents will be eligible to join too, and take advantage of the many services we offer. You can remain a member for life, whether you leave your current employer, retire, or move away.

Affordable Mortgage Options

Bellco FCU offers competitively low rates for home purchase, refinance, or construction, and has a number of home financing programs available, including:

  • 30-Year Mortgages: This popular option is a great choice if you plan to live in your home for many years and want the security of a monthly principal and interest payment that will not change over the life of your loan.

  • 15-Year Mortgages: This mortgage requires higher monthly payments compared to a 30-year mortgage, but you will pay significantly less interest over the life of the loan, build equity faster, and own your home in half the time.

  • Adjustable Rate Mortgages: An adjustable-rate mortgage (ARM) features an initial interest rate for a defined term and then fluctuates over the life of the loan. If interest rates rise or fall, your monthly payment will be adjusted to reflect that change. 

  • FHA Mortgages: This mortgage is one of the easiest types of mortgage loans to qualify for because it requires a low down payment (typically 3.5%), and has easier credit guidelines. Loans can be either adjustable-rate mortgages or fixed-rate mortgages and are available for both purchases and refinances.

  • VA Mortgage: VA home mortgages are backed by the U.S. Department of Veterans Affairs and are designed to help eligible veterans, reservists, active-duty service members, and some surviving spouses purchase a primary residence by offering excellent mortgage terms that most conventional and FHA mortgages cannot match.

  • USDA Home Loan: This 30-year fixed rate mortgage is designed for low to moderate income home buyers and can be an excellent financing option. USDA loans often have lower rates than conventional mortgages and other government-backed mortgages, such as FHA and VA home loans.

If you are interested in any type of home mortgage, our locally-knowledgeable loan advisors will be happy to help! By evaluating your credit worthiness based on your income, assets, debts and past credit use, we can help you qualify for a home loan and determine how much you can afford to borrow. We also offer free pre-approval to give you added confidence.

Bellco FCU is dedicated to helping our members and their families in Reading, PA build better lives. Contact us today about our mortgage programs.