SANTA ANA, Calif. – July 5, 2022 – Orange County’s Credit Union, a Santa Ana-based financial services provider with more than 120,000 Members, reveals a unique, new offering for a smoother home loan process, Home Connections. The program is designed to make homeownership more accessible for Members in Orange, Los Angeles, Riverside, and San Bernardino Counties. As part of its continuing commitment to provide home loans with low rates and exceptional service, Orange County’s Credit Union offers a mix of convenient technology, unmatched savings, and one-on-one guidance to seamlessly navigate the tumultuous homebuying process.
The complexity of the homebuying process, as well as misinformation or a lack of understanding about requirements, can discourage potential homebuyers from taking their first steps toward purchasing a home. Orange County’s Credit Union recognizes how important it is to have a safe, comfortable home and how the local community needs even more easy and affordable ways to buy and finance homes. The new program pairs Members with one of the Credit Union’s expert Mortgage Loan Consultants and an experienced real estate agent from local agency HomeSmart Evergreen Realty to guide them through the entire undertaking. These combined benefits result in a more efficient and transparent homebuying process. By expanding access to real estate agents and financial knowledge, Orange County’s Credit Union provides a clearer path to homeownership.
“We’re pleased to provide this free, unique program to our Members to help them realize the dream of home ownership,” said Carlos Miramontez, Vice President of Mortgage Lending of Orange County’s Credit Union. “Having a reliable source of information can make a world of difference for aspiring homeowners, no matter where they are on their housing journey. Our expert Mortgage Loan Consultants are pleased to partner with HomeSmart Evergreen Realty in our efforts to help our Members start their home ownership journey on the right foot and provide everything they need in one place.”
True to the Credit Union’s commitment to helping Members and increasing accessibility to the housing market, the new Home Connections offerings can assist a homebuyer to receive a 20% rebate when purchasing a home and a 1.5% flat rate listing fee when selling. The innovative offering takes a unique route, especially compared to the traditional 3% fee that agents charge today.
Members will also have free access to tools and resources, such as a home search website with real-time access to MLS data during their home search, an instant estimate of their home’s value in today’s market, and a 20% discount on escrow fees for sellers. Overall, the program provides resources designed to ensure that prospective homebuyers are well equipped to become more informed and successful homeowners.
In addition to the new Home Connections program, Orange County’s Credit Union offers Members variable fixed-rate mortgage loans with terms ranging from five to 30 years. Members can also take advantage of adjustable rate mortgage loans for five, seven and 10 years with no upfront fees to apply, no prepayment penalty, and no negative amortization.
Those interested in learning more about the Home Connections Program can visit the website.
Beyond mortgage services, Orange County’s Credit Union also helps Members with an array of financial services, including checking, savings, and retirement accounts, mobile and online banking, as well as auto and small business loans. Orange County’s Credit Union is a certified Community Development Financial Institution credit union and holds the low-income designation to better serve Members of all backgrounds.
ABOUT ORANGE COUNTY’S CREDIT UNION
Orange County’s Credit Union is a Santa Ana-based financial services provider established in 1938 with more than 120,000 Members and over $2 billion in assets. As a not-for-profit financial services provider, Orange County’s Credit Union is owned by Members, not shareholders, which means its profits are returned to Members in the form of fewer fees, lower loan rates, and enhanced products and services. Orange County’s Credit Union offers services including checking and savings, mobile banking, and retirement accounts, as well as auto, small business, and home loans with mortgage offerings including zero down and 3% down options. Ranked in the top 3% of credit unions nationwide based on assets, Orange County’s Credit Union offers Membership to anyone who lives or works in Orange, Los Angeles, Riverside, and San Bernardino Counties. For more information, visit Orange County’s Credit Union’s website at orangecountyscu.org or call (888) 354-6228.