SAC FCU Launches Innovative Mortgage Product

Bellevue, Nebraska, June 17, 2013 —  SAC Federal Credit Union announced today the development of a new mortgage product that aids home buyers ability to purchase a home.  This program offers  a 3% down payment mortgage, no prepayment penalty, terms up to 30 years, no lender closing costs, and in-house servicing.  This product is particularly attractive to first time home buyers but may also be beneficial to move-up home buyers. 

“We are excited to be on the forefront of launching this product,” said Gail DeBoer, President and CEO of SAC Federal Credit Union. She continued, “This program can help buyers who need down payment assistance or reduced out-of-pocket expenses.

Program requirements:

  • Pay only 3% down
  • Available for 30-uear terms or less
  • No prepayment penalty
  • Application deposit of $420 is credited back at closing
  • SAC FCU checking account with automatic loan payment required

SAC Federal Credit Union’s 3% Mortgage Product takes the confusion out of mortgage lending.  SAC FCU provides mortgages that you can understand.  Our members receive the information they need to make an informed home loan decision.

About the Credit Union

SAC Federal Credit Union is locally owned by its members and recognized for its community involvement.  It is community chartered and membership is opened to everyone in Washington, Douglas, Sarpy, Cass and Saunders Counties in Nebraska and Pottawattamie, Mills and Harrison Counties in Iowa.   Motivated by member service rather than profit, the credit union’s focus is on providing safety, soundness and convenience to its membership.  SAC FCU offers a full line of personal and business financial products including checking, loans, mortgages and online banking.  The CU has current assets of over $675 million and a long history of building strong member and community relationships.