Home Loan Payment Relief
Program Loan
(Subject to Availability)
As part of a nationwide credit union initiative, NWFCU offers the Home Loan Payment Relief Program (HLPR) . The HLPR Loan is designed to make owning a home a reality for members who meet median income limits, have limited savings and have a good credit standing.
Not just for first-time buyers, this new loan option helps open doors for many who've felt locked out of owning any home, whether single, divorced, widowed or simply in an income bracket that seemed to put homeownership out of reach.
Benefits & Highlights
- Low monthly payments make home loans more affordable to people of modest means
- 3/1 ARM - after initial 3-year period, rate can change annually
- Available for primary residence only
- Ideal for first-time homebuyers, some retirees, as well as low to moderate-income borrowers
- 100% financing available - Private Mortgage Insurance (PMI) is required
Program Requirements
- Good credit rating
- May not own another property
- Income at or below the median for the area in which you'd like to buy can make you eligible for this discounted 3/1 ARM
NWFCU Loan Advantages
- Competitive rates
- Low lender fees
- Free pre-approvals with 24/7 automated loan decisions through our online mortgage application
- No prepayment penalties
- Fast, local processing
- Free, informative buying and selling seminars
- Prompt, professional and courteous service
- NWFCU maintains the servicing for the life of the loan
BONUS BENEFIT
Earn 5,000 mileage points on your NWFCU Travel Rewards MasterCard. More.
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