UCU Home Loans
Buying a home is a complex, sometimes lengthy process
that can bring challenges to even a seasoned buyer.
Before getting started, we encourage you to sit down with
a UCU Loan Officer to see what you can afford as well as
look at the loan options available to you!
UCU can help you take control of the home buying process
through one-on-one discussions with your loan officer,
or through the assistance of an advocate through our
Real Estate Services program. The real estate services
program will help you find a realtor, and provide you with
an advocate that can help you through every step of the
process. Not only do you have the benefit of an advocate,
but you may become eligible to receive a rebate up to
20% of the buyer’s broker commission!
There are a number of parties
involved in purchasing a home:
buyer, seller, lender, title company, insurance companies and
other lienholders. Each party
has a different responsibility
in the process, all equally
important. Sometimes, things
are uncovered about the
property during the process that
could not have been planned
for. Certain mortgage programs
require different things from the buyers as well as of
the property. If the property doesn’t mee t the criteria, it
either has to be fixed or a different program should be
considered. UCU can help determine which program is
best for you!
UCU will also help you understand the true costs
of homeownership. There are many formulas and
calculators available online, however it is important to
consider all the ancillary pieces of homeownership:
insurances, property tax rate increases, unforseen
expenses (leaky roofs, plumbing and electrical for
example), yard maintenance, plowing. These small
items can add up quickly.
Buying a home is an exciting milestone that can be a great
investment. We welcome you to discuss your home loan
options with us today!
University Credit Union is
hosting a FIRST TIME HOME
BUYER COURSE
Where: UCU, 15 Main Street, Orono
When: Saturday, January 31, 2015 9 am - 2 pm
and February 7, 2015 9 am - 2 pm
(course is two days)
This course will make the attendee eligible for a
certificate for $2,000 towards closing costs with
the MSHA Advantage Program. Attendance at
both is required for the certificate.
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Learn the steps involved in the process of
buying a home
Set goals and prepare for home-ownership
Understand the effect of your credit in the
purchase process
Explore loan products
Protect and grow your real estate investments
Avoid being ripped off
$30 per person, $50 per couple. Free for Veterans.
Space is limited!
Call Norma at KVCAP to register today at
(800) 542-8227 ext 1637 or email at
[email protected].
Share with your friends and
family! You don’t have to be a
UCU member to register!
In the Portland area? Save the date
for a first time homebuyer course in
the Portland area on March 21st and
March 28th!