The HomeAdvantage program is now available. Click here to start your home buying journey today.
TwinStar’s HomeAdvantage® program helps you search for a home, get a great loan, and receive a nice rebate when you use one of our trusted real estate agents.
Purchasing a home can be one of the most important, and exciting, financial decisions you make in your lifetime. It can also put you into a cold sweat. Whether you’re a first-time homebuyer, or downsizing after raising your family, having the right support team to help the transaction go smoothly is a must.
TwinStar has been providing home loans to its members for decades. And because our members are our owners, you won’t find the jacked up fees and rates typically charged by mortgage loan companies who work for East Coast stockholders.
TwinStar conventional home loan rates are consistently competitive,” says Racardo McLaughlin, TwinStar’s associate vice president of mortgage originations. “We don’t charge additional fees for conventional loan underwriting, processing or to prepare your closing documents. That creates substantial savings for our members.”
Applying for a TwinStar mortgage is quick and easy. If you’re comfortable with an online application, you can visit TwinStarCU.com and get pre-qualified in minutes. TwinStar also has experienced mortgage loan officers in many of their branches and Contact Center, who can help you apply and answer your questions 24/7, day, night and weekends. Regardless of how you apply, a professional mortgage loan officer will guide you through the process, and connect you with valuable resources.
Take, for instance, TwinStar’s free HomeAdvantage program. Members are connected with an experienced and trusted real estate agent and can access home listings available through the Multiple Listing Service (MLS). Best of all, you can earn a cash rebate to reduce your closing costs. Here are some of the HomeAdvantage benefits:
- Search for a home. Search through the most current online listings available through MLS to find the home you’re looking for.
- Find an agent. Make a connection with a top local real estate agent from our network of handpicked professionals.
- Get a rebate. Use one of our agents to buy or sell a home and earn a cash rebate. The average rebate is more than $1,500!
- Get listing alerts. Save your favorite searches and get email updates when new listings become available.
- Easy research, great support. HomeAdvantage gives you access to research on neighborhoods, schools, crime rates and comparable properties to help you make the best decision for your family. HomeAdvantage team members are available seven days a week to assist you.
“Using a trusted HomeAdvantage real estate agent definitely adds credibility and confidence to your home search,” notes McLaughlin. “Our endorsed agents must meet certain criteria and standards regarding professionalism. They are committed to practicing in a way that is consistent with TwinStar’s values. This makes it a seamless experience for our members.”
New mortgage programs available through TwinStar
One of the biggest hurdles to home ownership is typically the cost of out-of-pocket expenses for a down payment. McLaughlin noted that there are many low- and no-money-down, affordable loans for qualified members. For example, even though the United States Department of Agriculture (USDA) Housing Assistance Program is focused on certain underserved rural markets, the program allows for no down payment and for gifted funds for closing costs. It also is a more forgiving program with relaxed credit score guidelines.
The Federal Housing Administration (FHA) Program has a low-down-payment requirement and family members may pay all of the member’s down payment, closing costs, prepaid expenses and discount points. FHA loans are the most popular among first-time homebuyers because of the ease of the program.
And if you’re a military veteran, TwinStar is proud to recognize your service to our country by offering Veteran’s Administration (VA) programs. If you meet the VA eligibility standards, we will navigate you through the process of this fabulous no-money-down, no-mortgage-insurance program.
TwinStar also offers a 3% down payment program called Twin97, with lower down payments and fewer restrictions on new borrowers. For full program details, see TwinStarCU.com/twin97.
“There are many flexible options for homebuyers at TwinStar,” says McLaughlin. “The best part about purchasing your home through a credit union is you’re assured your home buying team is working together in your best interest.”
“Members always come first at TwinStar. We’ll help you find the right loan, and home, for you.”
*The HomeAdvantage program is made available to you through a relationship between TwinStar Credit Union and CU Realty Services. Program rebates are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. More details will be available soon as the program becomes available.