Our NO CLOSING COST Smart Start Homebuyer Loan Program can help you get into your new home. So go ahead, dream big.
Other useful tools, including mortgage calculators, are available to help give you the buying power!
Please fill out the form below to contact us. A mortgage specialist will reply as soon as possible.
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.
This was the first time I had purchased a vehicle without going through a dealer for financing. When I went to the Credit Union I was seen immediately by the Loan Department. The Loan Officer was very knowledgeable. I was given a list of documents to gather and was promptly taken care of when I returned with them. My wife will be contacting your office about refinancing her student loans.
SFCU Member
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 have been a member for a very long time. I am always satisfied with whatever I need to do at the Credit Union. The staff is always accommodating and courteous. The hours of operation are also very convenient.
SFCU Member
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
