Real Estate News – Winter 2018

Tanya Robinson, AVP Real Estate

Tanya Robinson,
AVP Real Estate Lending


Start off the New Year with a new home

After years of renting, you are more than ready to take the plunge into homeownership. You dream of having a cozy house to call your own, and you cannot wait to start the house-hunting process.

While looking for your first home is exciting, it can also be stressful as unexpected bumps in the road tend to pop up. One major road bump is many Realtors will not work with home buyers until they have been pre-approved for a loan.

With processing, underwriting and funding in our Vacaville headquarters you will receive superior personal service locally. Travis Credit Union offers a full complement of loan programs to assist you including: conforming, Jumbo, FHA and VA loans. We have the standard fixed rate products as well as unique adjustable rate products. We also offer no points, no fees purchase loans to help reduce funds needed to close.

The biggest roadblock to homeownership for many people is coming up with the down payment. The good news is a first-time buyer can purchase a home for as little as three percent down and even no money down in some cases. This is a popular choice among those who don’t have the funds for a large down payment. This type of loan is also a good choice for those who don’t meet the higher credit score requirements of other types of loans.

That’s not even the lowest you can go. If you’re a veteran, you may be able to buy a home for nothing down. But should you go that low just because you can, or are you better off making a larger down payment? Finding that balance between down payment and savings is a challenge for many homebuyers and the benefit is different for everyone depending on their unique circumstances and financial situation.

What Are The Advantages Of Owning A Home?

  • Greater privacy
  • Homes typically increase in value, build equity and provide a nest egg for the future
  • Your costs are predictable and more stable than renting because they’re ideally based on a fixed-rate mortgage
  • The interest and property tax portion of your mortgage payment may be tax deductible (Please contact a tax professional)
  • There’s pride in homeownership, which also closely ties you to your community

If a home improvement project is in your future, let us help you get it done. Stop by a branch, apply online at www.traviscu.org/home-loans or call us at (888) 698-0000 to get started. We look forward to helping you reach your dream of homeownership.

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