Home Sweet Loan
TruMark Financial is here to help you buy your first home – but where do you start? The credit union now offers a mortgage specifically designed for first-time buyers, removing some of the biggest obstacles that stand in the way of home ownership.
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The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $225,000 and an estimated property value of $232,000. The property is located in Bucks county, PA. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. At a 3.500% interest rate, the APR for this loan type is 3.535%. The monthly payment schedule would be 359 payments of $1,010.35 at an interest rate of 3.500% and 1 payment of $1,010.55 at an interest rate of 3.500%. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
All home lending products are subject to credit and property approval. Rates, terms, and conditions are subject to change. Restrictions may apply. NMLS 404938