Appointments  |  Rates  |  Locations  |  Chat  |  JOIN NOW

If you know anyone who has recently tried to buy a house – good luck! Due to the economy, interest rates are climbing, and it is difficult to find a good interest rate in this market. While there are many options for acquiring a mortgage, people often forget that their best option is through a credit union. According to Life Tracker, credit unions have a variety of options that can better suit potential homeowners.

Credit unions have gained popularity for being a trusted source for mortgages. Credit unions accounted for 9 percent of all mortgage originations. What makes credit unions different than banks is that credit unions are not-for-profit organizations that have specific membership requirements. Credit union members are the collective owners of the institution, so they are owned by the people that utilize them. Credit unions typically offer lower rates, easier approvals, greater personalization, and so much more.

Mortgages are a big undertaking, so making sure you secure the best deal is important. Do your research to see which credit union around you has the lowest interest rate.

Another way to improve your chance to receive a low-interest rate for your mortgage is to improve your credit score. Check your credit report using free website to understand your current score and how many accounts you have open. A great way to make on-time payments is to utilize the automatic payments option. Some companies even offer a discount if you sign up for automatic payments.

Five Payments to Use a Credit Union for your Mortgage 

  1. Easier Approvals. Credit unions are focused on member needs, and they will work with you to find the best option that fits what you are looking for. For people with limited credit history or poor credit, credit unions go above and beyond to get you the rate you need to secure your dream home.
  2. Better Rates. Credit unions are known for offering competitive rates on their mortgages. Always shop around before making a final decision. Different credit unions can offer different programs that can save you several percentage points on your rate.
  3. Fewer Fees. Credit unions are designed to serve the interests of their numbers, so they typically have fewer and lower fees than other mortgage lenders.
  4. Faster Closing. Credit unions can move more quickly when it comes to acquiring a mortgage. This is because credit unions are locally-based organizations that put members’ needs first.
  5. Friendlier Service. Because credit unions are local, they offer customized service that is focused to fit your needs. You are not just a customer or a number at a credit union, and it shows with the fast and friendly service available.

Have you considered a Day Air mortgage when looking for your dream home? See how Day Air can work for your mortgage needs!

Checking Accounts

Premium Perks

Freedom Checking

CashBack Checking

Direct Deposit

More

Savings Accounts

Savings Accounts

Super Saver

Money Market

h

Certificates

HSA

Cards

Debit Card

Low Rate Credit Card

Rewards Credit Card

CU Rewards

Card Controls

Tools

Mobile Deposit

Online Banking

Pay Someone

eAlerts

Compare Rates

Vehicle Loans

Auto Loans

Refinance Your Car

Motorcycle & Jet Ski Loans

Boat & RV Loans

Mortgage & Home Loans

Mortgages

Refinance Your House

Home Equity Loans

Construction Loans

Personal

Personal Loans

,

StretchPay Loans

Student Loans

Credit Cards

Tools

Apply for a Loan

Pay a Loan

Online Bill Pay

Chat With Us

Financial Planning

Investments

i

Estate Planning

401(k) Rollover

Retirement Planning

Day Air Insurance

Auto Insurance

Home Insurance

Identity Theft Protection

Life Insurance

More Products & Services

RetireMed

Financial Counseling

Credit Reports

Reorder Checks

More

Online Banking

Online Banking

Online Bill Pay

Login to Online Banking

Mobile Banking

Mobile Banking

Mobile Deposit

Pay Someone

Text Banking

Tools

Apply for a Loan

Pay a Loan

eAlerts

Mobile Pay

Chat With Us

Accounts

Business Checking

Business Savings

Business Certificates

Cards

Business Debit Card

Business Credit Card

Loans

Commercial Loans

Term Loans

PPP Loans

Line of Credit

Services

Business Bill Pay

Tools

Online Business Banking

Login to Business Banking

Login to PIB MLO

Business Banking App

Join Day Air

Why Choose Day Air

Membership Eligibility

Annual Member Savings

Compare Rates

Join Day Air

Community

Community Involvement

Financial Education

Dayton VA Medical Center

Dayton Dragons

Contests & Sweepstakes

About

Press & News

Newsletters & Reports

Videos

Careers

Helpful Resources