Considering buying a home? If so, you will want the best home loan you can find. The place to look for that perfect loan is no farther than GO Federal, a Dallas credit union. Reasons to consider a credit union over a bank will become evident after you read this!
Federally insured by NCUA and Equal Housing Lender
- Credit unions in Dallas are small entities. Unlike the larger corporate banks in town, credit unions are community focused. Their members are their customers. This is not forgotten in the member service experience.
- Banks and credit unions do follow the same laws regarding lending practices. The difference is the relationship. Because Dallas credit unions are smaller, they build strong relationships with their members.
- The needs of the people are at the forefront of a credit unions business model. Because they are working for a specific geographic group, they understand the needs of their members. This understanding allows credit unions to guarantee members get a loan that will provide the best benefit for each member.
- Banks will approve a home loan and then sell that loan to another financial entity once the underwriting is complete. Credit unions in Dallas keep their loans within their own portfolio. This keeps members from dealing with the stress of wondering why their payments now go to a bank they have never heard of.
- Credit union profits always transfer back to their members. Unlike banks, Dallas credit unions are able to offer lower loan rates because profits are transferred back to their members through better loan rates, higher interest paid on savings accounts and better credit card rates.
- Approval of a home loan is more likely at a credit union because credit unions will look at the overall package, not just a credit score.
- Credit union members are loyal because they are treated like family. Bank customers will always be searching for a better option. A side note to consider; a credit union has yet to need a federal bailout.
Federally insured by NCUA and Equal Housing Lender
