Many people are not aware that several Credit Union's can offer very competative mortgage loans.  Air Academy Federal Credit Union is located in the Colorado Springs area, with several branches in and around Colorado Springs.  We are one of the many Credit Union's that have enterred the mortgage lending arena. 

What are you missing by not using a Credit Union for your mortgage loan?  Well, for starters, Credit Union's are non-profit agencies, so our income requirements are less than banks, and mortgage broker shops.  This means we can be more competative in our pricing, and offer lower fees.  We also underwrite most of the loans locally, so the turn around time is much less than other lenders that must send their files out for underwriting.  We are so sure of the process by which we perform our mortgage loan transactions that we have offerred a loan closing guaranty.  We will provide figures to the title company three days  prior to closing, or our customer will be credited $500 toward their closing costs.

Credit Unions generally have lower mortgage insurance requirements than banks and mortgage broker companies.  Our rates are typically at least 5% less, which can equal a big difference in a monthly payment....just because we are a Credit Union.

We can offer a variety of first time homebuyer programs in Colorado.  The most popular is a 100% fixed rate loan, at 6.125%..which is the current rate as of 4-25-2007, and is subject to change with the market.  We also have programs that provide down-payment assistance for homebuyers.  We are one of a few lenders in Colorado Springs that can offer the Rocky Mountain Land Trust down payment assistance program, which can provide up to $35,000 to first time homebuyers.

Air Academy Federal Credit Union also offers VA loans, lot and construction loans, FHA loans, and can even lend in all 50 states!  Credit Unions are typically known for their "people helping people" belief.  We have core values by which we operate on a daily basis. 

Do business with someone you can trust....check into your local Credit Union mortgage loan programs today!

What you are missing if you don't use AAFCU Mortgage Lending

1.  $500.00 off buyers closing costs if we do not deliver figures to title 3 days before closing!

2.  Up to $35,000 in down payment assistance for 1st time home buyers!

3.  Not a member! not a problem!

4.  AAFCU mortgage insurance is 5% LESS than any other Mortgage lender!        Call now and ask why!

5.  Lending in all 50 States!