REV’s Community Hero Home Loan – made to give back to those giving back. For educators, first responders, medical professionals, and the military in our community – this is our way of saying thank you for the good you do for our community and country.
Because you’ve always been there for us, this is our way of being there for you.
Low down payment of 3%
3% down payment still requires more than putting zero down, however, aiming for and reaching a savings goal for 3% down can help you get a head start on building equity before moving into your new home.
REV provides up to $5,000 toward your closing costs!
This credit will offset the fees associated with closing on your home. Third party fees can add up, REV wants to help you save more of your hard earned cash.
No PMI*, or private mortgage insurance, requirement
No PMI means a lower monthly payment for you. Though typically required with a less than 20% down payment, REV doesn’t require it, making your home even more affordable.
Flexibility and predictability with a 30-year fixed rate
Interest rate remains the same throughout life of the loan. This means lower, more affordable monthly payments so you may be able to pay a little more than what you owe each month.
As one of the everyday heroes in our community, we look forward to thanking you for your contributions to the wellbeing of others.
*PMI = Private Mortgage Insurance
Credit Union’s NMLS# 675605
Insured by NCUA. All Credit Union loan programs, rates, terms and conditions are subject to change and vary based on credit worthiness, qualifications, collateral conditions and underwriting requirements. REV membership required. Not all borrowers will qualify. Subject to completed application, loan approval and closing. Example: This example is based on a Purchase price of $325,000, with 3% down payment, loan amount $315,250, rate 6.750%, and APR** 6.951%, Principal and interest payment is $2,044.71. This example is based on a purchase transaction on a single family primary residence. Taxes and insurance premiums are not included in the payment. The actual payment obligation may be greater. PMI* = Private Mortgage Insurance APR**= Annual Percentage Rate
