Advantages of Getting a Home Loan From a Credit Union

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Have you found your dream house, condo, or townhouse? Before you can close the deal, you’ll need to secure your home loan. When it comes to lenders for mortgages, there is no shortage of options, however, choosing to finance your home loan through a credit union over a bank or mortgage broker has its own unique advantages.

A wooden home figure sits net to a jar of change
Buying a home is a huge investment, but choosing to get a home loan through a credit union could save you fees and money on interest rates.

More Personalized Experience

Since credit unions, like Camino Federal Credit Union, are smaller institutions than national banks or mortgage companies, they can typically offer a more hands-on and personalized experience for their members.


This more personalized experience can include working with individuals with lower credit scores to find a flexible way to get their home loan approved, the ability to offer quicker preapprovals on home loans and mortgages, and a quicker response time with better member service. To a credit union, you are more than just another account. You have unique needs, and credit union advisors take the time to understand your specific home loan needs in order to help you get the home of your dreams that fits your budget.


Lower Rates & Fewer Fees

Credit unions could have a bit more flexibility when it comes to the interest rates they offer on all loans, including home loans. Since home loans are typically 15 or 30 years, even a small difference in interest rates could add up to huge savings long term.


If you are interested in learning more about the home loan options from Camino Federal Credit Union, our staff of knowledgeable advisors is ready to help.


Do you need help deciding which option is best for you? Let us know!

Let Camino help you. We want our members to find the best option that works for their needs. We offer many options for those looking to purchase or refinance a home. Please give us a call at 800-835-3400 to speak with one of our Member Advisors, or contact us for more information.  NLMS ID 666196

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