Search
 

CEFCU Home Loan Offers First-Time Homebuyers 100% Financing

PEORIA, Ill. - CEFCU has come out with a new program to make buying a home cost affordable for first-time homebuyers. The credit union's new Flex 100 Home Loan program allows the homebuyer to finance 100% of the purchase price. The Flex 100 Home Loan program offers a fixed payment...

By Staff Writer | Updated on July 06, 2004

PEORIA, Ill. – CEFCU has come out with a new program to make buying a home cost affordable for first-time homebuyers. The credit union’s new Flex 100 Home Loan program allows the homebuyer to finance 100% of the purchase price. The Flex 100 Home Loan program offers a fixed payment for the term of the loan. Adjustable rates are also available for a potentially lower initial rate. Closing costs can be paid from the buyer’s own funds or from other flexible sources including gifts and grants. CEFCU’s First Mortgage Operations Manager Sara Payne said the Flex 100 Home Program “makes home ownership possible for many families without the burden of acquiring a large downpayment.” CEFCU has $2.7 billion in assets and more than 223,000 members.

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.