Home buying made simple, convenient and cost friendly!
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Whether you’re thinking of buying a new home or refinancing your mortgage from elsewhere, BrightStar Credit Union can help you achieve your dreams.
Other Resources:
- Use our convenient online mortgage loan calculators to estimate how much home you can afford, monthly payments and more. Learn More
- Take our Free Online Home Buying Course! Learn More
Mortgage Products
FHA (Federal Housing Administration)
- As low as 3.5% Down payment
- Designed for low-to-moderate income borrowers
- Credit qualifying criteria not as strict
- FHA loans are assumable
- Fix rate
- FHA loans allow sellers to pay up to 6 percent of the loan amount to cover buyers' closing costs
Conventional
- Lending Flexibility (Condos; Townhomes; Villas)
- Save mortgage insurance with a 20% down payment
- Fix rate
- Conventional loans allow sellers to pay up to 3 percent of the loan amount to cover buyers' closing costs if less than 10% down payment (6 percent sellers contribution with a 10-25% down payment and 9 percent sellers contribution with 25% and over down payment)
Jumbo Loans
- Loans over $423,600
- Jumbo loans provide home financing options for high-value properties.
- Strong credit history
ARM (Adjustable Rate Mortgage)
- Lower interest rate
- Designed for members that are not planning to live at the property over 10 years
- Lower monthly payments
- Fix for 3,5,7 or 10 years period option and annual adjustments thereafter
- Amortization up to 30 years
VA loans (Veterans Affairs)
- No down payment required!
- No monthly mortgage insurance to pay!
- VA loans are assumable.
- Fix rate
- Designed for veterans, service members and surviving spouses.
- VA loans allow sellers to pay up to 4 percent of the loan amount to cover buyers' closing costs
