CU1 Education

What is a No Down Payment Mortgage?

One of the biggest considerations for homebuyers when they start the home-buying process is the down payment—or the amount of money you pay upfront when buying a home. Budgeting for a down payment you can afford and knowing how long you need to save is important. But there are many options that can make achieving home ownership more attainable, including a no down payment mortgage. A no down payment mortgage is a mortgage where you are able to finance the full value of the home you want to buy. Wondering if a no down payment mortgage might be a good fit for you? Here is what you need to know.

How to use CO-OP Shared Branches and Digital Banking to Manage Your Money

Being able to access your money regardless of location or the time of day is important. CO-OP Shared Branching combined with digital banking, allows the ability to bank anywhere 24/7. This offers the convenience of being able to manage your money regardless of location or time. This ensures you do not always have to be near your local credit union.

Shared Branching vs. Traditional Banking

Shared Branches vs. Traditional Branches: What's the Difference?

Credit Unions are known to have a good reputation with the community, but they may not have many locations to access. Your credit union may offer a way to access money through a large scale of ATMs and credit unions and through the CO-OP Shared Branch network. This is perfect for those who may need to bank on the go, anywhere and anytime. CO-OP Shared Branching allows for the ability to bank on a larger scale at other credit unions as if you were at your regular credit union, without having to sacrifice the values of a credit union.

What to Expect When You Pay Off Your Mortgage

Paying off your mortgage is an exciting financial milestone. There are a few important steps to keep in mind as your mortgage matures—here is what you can expect as you plan to pay off your Credit Union 1 mortgage.

What is a Free Checking Account?

Everyone has everyday finances to manage—budgeting, paying bills, making deposits, transferring money to savings, and more. Accessing your money from anywhere should be simple and timesaving. A free checking account can help make it easier to do your personal banking, without monthly fees.

Should You Buy a House with Less than 20% Down? The Pros and Cons

When you start saving to buy a home, the first question on your mind might be how much you should set aside for a down payment. The size of your down payment—or the amount of money you pay upfront when buying a house—will impact the amount of money you need to borrow from a lender, your monthly mortgage payment, and whether you need to pay private mortgage insurance (PMI). While 20 percent is often presented as the gold standard of down payments, there may be situations where it actually makes more sense to your financial situation to put less down—and some mortgages even offer the opportunity to put no money down. Here are a few things to consider when determining what down payment makes sense for you when buying a home.

What is a No Down Payment Mortgage?

How to use CO-OP Shared Branches and Digital Banking to Manage Your Money

Shared Branches vs. Traditional Branches: What's the Difference?

What to Expect When You Pay Off Your Mortgage

What is a Free Checking Account?

Should You Buy a House with Less than 20% Down? The Pros and Cons

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