Arbor Financial Credit Union (MI) offering 100% Financing on 10, 15 and 30-year Mortgage Loans with No PMI

Arbor Financial Credit Union logoBuying a home, whether for the first time or not, takes a significant financial investment. Not only is there often a down payment requirement equal to a percentage of the purchase price, but prospective homeowners are also on the hook for closing and moving costs. When savings isn’t enough to cover each of these expenses in full, it may seem like the dream of homeownership is far from a feasible move. Fortunately, there are several financial institutions offering assistance for potential and current homeowners in the form of a reduced down payment requirement, so be sure to shop around.

Promotional Offer Details

For a limited time, Arbor Financial Credit Union in Michigan is offering a mortgage special for well-qualified home buyers. Financing up to 100% is available on 10-, 15-, and 30-year fixed mortgage loans, with no private mortgage insurance requirement. Home buyers have the option to select which repayment term best suits their long-term financing needs at the time of application. While there is no down payment requirement for well-qualified borrowers, applicants are responsible for closing costs associated with the transaction.

Arbor Financial Credit Union offers a variety of benefits to home buyers, including a streamlined process for new mortgage applicants, rate locks extending up to 30 days, low, competitive interest rates, and ongoing servicing by the credit union for the life of the mortgage loan. All borrowers listed on an application must qualify based on credit history and score, income and debt obligations, and the purchase price of the home.

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Membership Requirements

In addition to qualifying based on credit criteria, borrowers must first be members of the credit union to be eligible for a new mortgage loan. Membership is extended to anyone who lives, works or worships in any of the 21 counties in Michigan the credit union serves. Immediate family members of current Arbor Financial Credit Union members may also be eligible for membership.

About Arbor Financial CU

Arbor Financial Credit Union is headquartered in Kalamazoo, Michigan, and it offers access to seven full-service branch locations as well as a vast network of fee-free ATMs. In addition to mortgage products, the credit union provides deposit accounts like checking and savings, personal lending products, and investment management services.

Contact Information

Current or prospective homeowners interested in the no down payment offer from Arbor Financial Credit Union may gather additional information by visiting any branch location, contacting a member service representative at 269-544-3105, or by visiting the credit union online.

Posted on July 10, 2017 by in Mortgages,

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10/10/2017