Bellevue, Nebraska…SAC Federal Credit Union announced today the development of a new mortgage product that aids home buyers ability to purchase a home. This program offers a 3% down payment mortgage, no prepayment penalty, terms up to 30 years, and in-house servicing. This product is particularly attractive to first time home buyers but may also be beneficial to move-up home buyers. First time home buyers also may qualify for no lender closing costs.
“We are excited to be on the forefront of launching this product,” said Alan Stoltenberg, Vice President of Mortgages at SAC Federal Credit Union. He continued, “This program can help buyers who need down payment assistance or reduced out-of-pocket expenses at a time when home sales are gaining strength.”
SAC Federal Credit Union’s 3% down mortgage product takes the confusion out of mortgage lending. SAC FCU provides mortgages that you can understand. Our members receive the information they need to make an informed home loan decision.
About the Credit Union
SAC Federal Credit Union is locally owned by its members and recognized for its community involvement. It is community chartered and membership is opened to everyone in Washington, Douglas, Sarpy, Cass and Saunders Counties in Nebraska and Pottawattamie, Mills and Harrison Counties in Iowa. Motivated by member service rather than profit, the credit union’s focus is on providing safety, soundness and convenience to its membership. SAC FCU offers a full line of personal and business financial products including checking, loans, mortgages and online banking. The CU has current assets of over $675 million and a long history of building strong member and community relationships. For more information, visit www.sacfcu.com