Let our experienced, local Metro Detroit and Ann Arbor area mortgage loan experts help you get the home financing that’s right for you, with terms that work for your budget.
First question: Is buying a home the right move for you? Home ownership is great for some people, while being a renter works perfectly for others.
There are many factors to consider when deciding if buying a home is right for you. Listed below are some advantages and disadvantages of renting versus owning.
Providing thorough documentation to your lender is helpful in making the loan process move quickly and smoothly to approval. We’ll give you a checklist so that you can get a head start.
Apply online to get started. Then a Direct Financial mortgage loan officer will help you move through the process— from application, approval, processing, to closing. We’ll guide you the entire way!
We can help you make sense of your credit report and credit score. Let’s review everything together and we’ll explain how your credit history influences your financing options.
*APR = Annual Percentage Rate. See all mortgage loan rates & terms (pdf).
The cost of buying a home can be overwhelming. Minimum down payment requirements can range from 0–20% depending on credit score, type of property and loan program. Typically it is best to plan for a having a minimum 3–5% down payment plus closing costs before getting pre-approved.
*Certain restrictions apply to gifts from relatives. Your loan officer will share the details with you.
The Consumer Finance Protection Bureau (“CFPB”) requires that loan servicers adhere to an established process for addressing Notices of Errors from Members as well as Information Requests from members as they pertain to loans. In order to submit a formal Notice of Error or an Information Request please send a written request to the following address: New England Federal Credit Union, Attn: Loan Servicing, PO Box 527, 141 Harvest Lane, Williston, VT 05495
Please include in the written request a detailed explanation of the error or the information you are requesting. Be as specific as possible and provide any information that you believe may be helpful. Also note that correspondence written on a billing statement will not be considered a formal request.
NEFCU will respond to your written request within five (5) business days to acknowledge your request and if possible to satisfy it. If we are unable to resolve the notice of error or information request at that time, we will acknowledge that fact and shall respond to you within thirty (30) business days provided that you provide any additional information requested that may be necessary.