Reasons to Choose the Best Credit Unions in Oregon

1. Reasons to Choose the Best Credit Unions in Oregon Many people are looking for alternatives to banks, because they don’t want to pay high fees anymore and deal with high interest rates when accessing loans. The best credit unions in Oregon are worthy considerations, because they provide many financial products and services, they have low fees and excellent customer service. There are many aspects to take into considerations, including the first time home buyer programs Oregon provided by unions, which are ideal for individuals that want to purchase a new home. Why the Best Credit Unions in Oregon? In terms of products and services, the best credit union in Oregon offer similar ones as banks and other financial institutions. Members have access to loan products, credit cards, savings and checking accounts, insurance, and investment opportunities, and more. It all depends on the chosen union, how developed it is and what it provides. However, there are many differences between them and other institutions. For instance, a union is a non-profit cooperative, which is in the members’ best interest, because they benefit from better interest rates for loans and savings accounts, and lower fees.

2. Unions are focused on their members, which means it is owned and operated by them, instead of stockholders. When you make an initial deposit and open an account, you will have voting rights and benefit from dividends. You can take part in meetings and share your thoughts, vote on the board of directors. It is understandable for these cooperatives to have membership requirements, because they want to address the community and make sure it develops. In many cases it is enough to live within an area, to work in specific places, and such. What Are First Time Home Buyer Programs Oregon To take advantage of first time home buyer programs Oregon you don’t have to be purchasing your first house. It might sound so at first glance, but people should know the implications to benefit from such amazing programs that will save them considerable amounts of money. Everyone dreams about owning a house, but the truth is that not many can afford one, especially since a down payment is required and there are so many requirements regarding applications. Understanding more about the program is recommended to know how to become part of it. A first-time buyer is a person that has not owned a residence for the last three years. If you purchased a house at a certain point, years ago, and then sold it, you can enroll in the program. You no longer have a primary residence and it has been three years, which means you qualify as a first-time homebuyer. If you are a married couple and one of you has a primary house and the other

3. has always rented, then you can buy a new one together, through the program. Many struggle to qualify because they can save money and take advantage of assistance throughout the process. The best credit unions in Oregon have mortgages and all types of loans and they assist members in their pursuit to buy a new house, to pay for student loans, to purchase a new car, go on vacation, and any other expenses they have. It is good to know that you are viewed more than a client and unions want to help accomplish the dream. You can ask about first-time home buyer programs because some of them offer this possibility and you don’t have to look into a mortgage anymore and have the needed money for down payments, which are usually around 20%. The benefits of first-time homebuyer represent the differences between dreaming about a home and actually buying one. If you qualify for such a program, you take advantage of a variety of loan programs, grants, and useful assistance that will reduce the down payment and lower interest rates. Eventually, your house becomes more and more affordable each month. The most common forms of mortgage programs are FHA loans, VA, and USDA loans. Before taking any decision, you can discuss with consultants at credit unions about first time home buyer programs Oregon. This will give you an insight on what to expect, what is needed to qualify and if you can start looking for properties. Depending on the chosen program, there are some income limits that have to be considered. Each one is unique, which is why it is always recommended to discuss about them with a loan officer. Grants and down payment assistance programs are available according to state or local organizations, qualifications vary based on area.