Buying a Home
Home ownership is a big financial step. For most people, buying a home is the largest purchase they will ever make. Don’t worry. As an Elevations Credit Union member, you have mortgage services representatives that have your financial well-being in mind. We’ll take good care of you by getting you the funds you need with a quick closing.
At Elevations Credit Union, you’re not put through a cookie-cutter process. We have the flexibility to work with a unique property, employment status, or family situation. You also have more power to drive decisions involving loan types and fees. It’s one of the reasons our
home loans are better.
Call
303.402.5458, 303.443.4672 or 800.429.7626 to make an appointment, or you can get started by filling in our
online mortgage application with as much information as you can. After you save your application we will contact you to discuss your next steps.
As we help you through your home buying process, you will be taking the following steps:
- Getting your finances in order
- Deciding on the type of home you want and how much you can afford
- Selecting a mortgage
- Making an offer on a home, doing an inspection and closing on your loan.
Here are some additional resources to help you along your path to home ownership:
Your Finances
Accel Financial Counseling
- Help with everything from pre-purchase education to foreclosure prevention. All Accel counselors are HUD certified. Ask about receiving a HUD certificate that is often required for First Time Home Buyer programs.
- Free analysis of your credit report and score. Request your free annual credit reports at AnnualCreditReport.com and send them to Accel before your session, or Accel can provide you with copies of your report and score for a nominal fee.
What Type of Home Do You Want? What Can You Afford?
RealityCheck Home Buying Guide Part I. Planning
Smart home buyers know that taking time to plan and do some "homework" before you begin shopping seriously for a home can save time, prevent potential headaches, and help you get the most home and the best value for your money. Laying a foundation for what kind of home you need and want, where to find it, and how much you can afford to pay for it will get you ready to shop for a home and negotiate its purchase.
Mortgage Calculators
How much would my monthly payments be? How much can I save with a 15-year mortgage? Use these handy calculators to work through “what if” scenarios fitting your situation.
Your Mortgage Options
Elevations Credit Union Mortgage Loan Options
We offer many types of home loans to fit your lifestyle including fixed and adjustable rate, conforming, jumbo, and more.
RealityCheck Mortgage Guide by Remar Sutton
“To win in the mortgage world, you must understand the basic mortgage language.” Includes Consumer Warnings, Loan Lingo, Glossary and More.
Mortgage Rates
Competitive rates on high-quality mortgage loans. Click through to
Mortgage24 Check Rates Calculator to customize a loan estimate with payment and closing cost information (Click on the closing cost dollar amount to see itemized expenses.)
RealityCheck Newsletter Article,
Foreclosures Are At An All Time High - Except at Credit Unions
To understand why credit unions avoided the record foreclosures that the mortgage industry experienced recently, we need to look at why so many consumers got into so much trouble so quickly with something as important as their home. What happened?...
Rate Watch Email Notices
We'll keep an eye on interest rates so that you don't have to! The Rate Watch service will email you when rates reach your selected target, or if you prefer, it will email current rate information on a regular basis.
Finding Your New Home and Making An Offer
RealityCheck Home Buying Guide Part II. Shopping for a Home
Resources including Finding and Evaluating an Agent and Touring and Evaluating Homes for Sale.
Making an Offer, Inspections and Closing
Part III. Purchasing a Home
Consumer advice concerning making an offer, doing an inspection and closing on your loan.
Mortgage24 Home Page
Click on “Learn More at What to Expect” at the bottom of the page to see details about what you’ll need to make an offer and close on your loan.
Mortgage24 Resource Center
Answers to frequently asked questions about Loan Programs, Rates, Fees, Your Application, Your Property, and Closing.
Compare Closing Costs
You can avoid unnecessary closing fees with an Elevations mortgage.
