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  • First-Time Homebuyer’s Program

    Buying a new home is an exciting event. It’s also a complex process that can be simplified when you partner with a lender you can trust. Whether you are buying your first home or just need a refresher, we invite you to explore our New First-Time HomeBuyer Program where you will learn everything you need […]

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  • Benefits of home buying through USC Credit Union

    Personal assistanceCall or e-mail one of our mortgage professionals to answer any of your questions or ask for advice.Quick ServiceWe can approve a qualified applicant’s mortgage in minutes, rather than days or weeks!Free Pre-qualificationsWe offer free pre-qualifications, so you can shop for your mortgage knowing exactly how much home you can afford.The best loan for […]

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  • When is the best time to sell or buy a home?

    In buying or selling anything, timing is everything. The challenge is to know when to buy and when to sell, so that you use the timing of the purchase or sale to your advantage. The housing market is seasonal, as most homeowners and renters move during the summer months, from June through August, while school […]

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  • What is a mortgage?

    A mortgage is a loan that is used to buy a home. In return for the loan, you pay interest on the amount loaned. The lender also has first rights on your house in case you neglect to pay back the loan. A mortgage has three components: Amount (how many dollars you need to borrow) […]

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  • What is the difference between being ‘pre-qualified’ and ‘pre-approved’ for a loan?

    Pre-qualification is an informal way to see how much you may be able to borrow. You can be “pre-qualified” over the phone with no paperwork by telling a lender your income, your long-term debts, and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of […]

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  • How does a lender determine how much home I can afford?

    The primary factor is your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. Many lenders believe you can afford a house if its price is under 2½ times your household’s annual […]

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  • How much down payment is normally required to buy a home?

    There are mortgage options now available that only require a down payment of 5% or less of the purchase price. Mortgages with less than a 20% down payment generally require a private mortgage insurance (PMI) policy to secure the loan. For example, if you pay 10% down on a $100,000 loan, PMI might cost you […]

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