5 Tips for Buying a Home

1. Choose a trustworthy lender.

Buying your new home will likely be the largest investment you’ll ever make. All the more reason to use an established lender with solid experience to guide you through the process. Northwest Federal is a nationwide lender, handling every aspect from application through closing. And, we service our mortgage loans for life. With Northwest Federal as your mortgage lender, you’ll always know where to turn if you have questions—whether it’s tomorrow or 30 years from now. 

2. Explore all your mortgage options.

With historically low rates and a variety of low and no down payment options available, home ownership is more affordable than ever. Our mortgage lending representatives will provide unbiased advice and explore all viable options to find the loan that works best for you.

3. Select an experienced agent.

Let’s face it. Searching for a new home can be challenging, especially in today’s market. But, it can also be rewarding when you have the right people behind you. A reputable real estate agent in the HomeAdvantage program can make all the difference. You’ll be well equipped to find your home and save money in the process! To see how much you could save, calculate your cash reward*.

4. Get pre-approved.

It’s important to know how much home you can afford. Your home search will be more focused and you’ll be more likely to stay within budget. Also, sellers will consider you a “serious buyer”, which could give you a competitive edge when making an offer.

5. Save on fees.

When comparing lenders, don’t forget to keep an eye not only on the mortgage rate, but also on any associated fees as both have an effect on the overall cost of your loan. With Northwest Federal as your mortgage lender, you’ll benefit from competitive rates and minimal fees on your home purchase loan.

To help you keep more cash in your pocket, Northwest Federal is currently offering no origination fee**
when you apply now through December 31 and close on your home purchase loan by March 1, 2022.


**Limited time offer. Available only for new applications on first mortgage purchase loans received 9/1/21 - 12/31/21 and must go to settlement on your Northwest Federal home purchase transaction by 3/1/22 to receive this offer. Certain product exclusions may apply.

Questions? Make an appointment to meet with a mortgage lending representative. We look forward to helping you find your way home!

*HomeAdvantage is available to you through your membership with Northwest Federal Credit Union. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using Northwest Federal Credit Union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Northwest Federal Credit Union may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union to get details that may affect you.

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