Speak with a Mortgage Professional(630) 620-5200
Purchasing your own home may be the largest purchase you can make. The median monthly mortgage payment in the U.S. is $1,100, as reported by the U.S. Census Bureau — and this doesn’t include other costs related to homeowners insurance and property taxes.
If you want to save thousands on your home purchase, there are multiple ways to reduce your total cost. Read on and discover four ways to save money on your home purchase.
If you’re searching for a house in the city center or a specific area, but you now realize it’s very much out of your budget, you may want to try broadening your search area. By re-prioritizing, the items on your wish list can give you opportunities you didn’t even think about, which can help you find a lovely home within your budget.
You must ensure your credit score is good enough to get the best rate.
Most lenders will use the FICO credit score when they price your mortgage. Credit scores determine if you get a lower interest rate and better terms.
If you don’t know your credit score, whether high or low, you must find out what it is. Some banks and credit card companies provide clients with their FICO credit score free, or you can order it through the FICO.com website.
If your FICO credit score is poorer than you expected, there are ways for you to boost it. You should raise your credit score before you apply for a loan because it can take months to see a change in your FICO score, depending on where your start and your end goal.
There are many apps and free services that can assist you in setting up a budget and fixing your spending habits. You can also reach out to us! We have years of experience helping homebuyers improve their credit to help them qualify for a better rate.
Several options are available regarding securing the funding you need to buy a house. Looking for certain down payment assistance options available in your area can be a game changer when it comes to taking your first toward buying your dream home.
There are various programs and special benefits for people working in certain professions or with unique statuses, such as veterans, doctors, etc.
The best way to explore your options is to connect with a local real estate professional and your lender to learn about the available programs in your location.
Buying a home can be stressful, especially if you are on a tight budget. Applying these tips can help save you thousands on your upcoming home purchase.
If you’ve been house hunting and stepped out of the process because you’re worried about the rising costs, call or message our mortgage experts for advice on making it possible while staying on budget.
Address:200 W 22nd Street Suite 280
Lombard, Illinois 60148
Phone: (630) 620-5200
Fax: (224) 534-3327
NMLS 191342 (www.nmlsconsumeraccess.org) For Licensing Information, go to: www.nmlsconsumeraccess.org
ILLINOIS RESIDENTIAL MORTGAGE LICENSEE - LIC # MB.0004233
* IL Dept of Financial & Professional Regulation (IDFPR), Division of Banking, Bureau of Residential Finance 555 W Monroe St, Ste 500, Chicago, IL 60661 #(888) 473-4858
INDIANA RESIDENTIAL MORTGAGE LICENESEE - LIC # 38385
FLORIDA RESIDENTIAL MORTGAGE LICENSEE - LIC # MLD2085
Powered By LenderHomePage.com
CU/America Financial Services, Inc. strives to ensure that its services are accessible to people with disabilities. CU/America Financial Services, Inc. has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
CU/America Financial Services, Inc. makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows www.cuamerica.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
CU/America Financial Services, Inc. accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
CU/America Financial Services, Inc. continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on CU/America Financial Services, Inc. website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on CU/America Financial Services, Inc. website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: firstname.lastname@example.org