In my 30+ years in Somerset, I have never seen a financial institution with such great service. Keep up the great work, you have a great deal to be proud of.
SFCU Member
Smart Start Homebuyer Program
Go ahead, dream big!
Our NO CLOSING COST Smart Start Homebuyer Loan Program can help you get into your new home. So go ahead, dream big.
Features:
Other useful tools, including mortgage calculators, are available to help give you the buying power!
Somerset Federal Credit Union’s regular mortgage terms and conditions apply. At least one borrower must be a first-time homebuyer to qualify. Minimum credit score of 670 required for all borrowers. Maximum loan amount $480,000.00. Private mortgage insurance, property insurance, flood insurance required, where applicable. Rate/APR/Terms are subject to change without notice. 1-4 family, owner-occupied properties only (2-4 family properties subject to 6 months reserves of Principal, Interest, Taxes, Insurance (PITI)). No condominiums. No Closing Costs offer not available on construction or land loans. Borrowers will be responsible for initial escrow deposits and first year’s property insurance. Somerset Federal Credit Union will cover the odd day’s interest only when the closing is scheduled on the last week of the month. Upon approval you will need to open an account with the Credit Union and maintain a $5.00 minimum balance. Rate-lock available at application for up to 45 days. Additional terms and conditions may apply.
Our friend mentioned how great SFCU was to work with. The staff makes you feel welcome. Working with the mortgage team was great and very helpful.
SFCU Member
I was overall pleased with my experience. Jessica, our Money Management Officer, was easy going and very professional. She understood my circumstance, had compassion and a genuine, caring, pleasant persona for my situation.
SFCU Member
Our Loan Officer, Arlene, was so nice to work with. Her knowledge of the loan process and her ability to listen for what we wanted in a mortgage made the transition go smoothly. A very nice experience.
SFCU Member