Search
 

Landmark CU Introduces 40-Year Home Loan

NEW BERLIN, Wis. - Landmark CU is offering members a new 40-year, fixed rate home loan as a way to address the increasingly larger downpayments required as a result of rising home values and to reduce members' monthly loan payments. The new 40-year fixed rate home loan has no income...

By Staff Writer | Updated on June 22, 2004

NEW BERLIN, Wis. – Landmark CU is offering members a new 40-year, fixed rate home loan as a way to address the increasingly larger downpayments required as a result of rising home values and to reduce members’ monthly loan payments. The new 40-year fixed rate home loan has no income or purchase price limits. A minimum downpayment of 5% is required. Landmark President/CEO Ron Kase said the new loan makes home ownership available for more people, “which is Landmark’s goal.” The fact that the rate remains fixed through the entire 40 years is an advantage over an adjustable loan, the CU stated, since buyers don’t have to be concerned that their payment will go up every year. Along with its new 40-year fixed rate home loan, Landmark is also offering its First-Time Home Buyer Program designed for members who have not owned a home in the last three years. Under the program, all fees are waived, saving the buyer from paying for a title policy, credit report, appraisal, filing fees and flood plain certificate. Landmark will pay the fees instead.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.