On Tuesday April 29, 2014, our mortgage expert and VP of Real Estate Lending Bill White spoke with WUSA 9 about the spring mortgage market. He discussed the advantages of using a credit union for your mortgage over a big bank, as well as the Family Mortgage* available from NASA Federal. Through the Family Mortgage, young adults with limited resources can take advantage of their parents’ financial qualifications. Here’s how it works:
- Parents are added as co-borrowers on the loan and are not required to live at the residence
- Exit flexibility so parents don’t get locked in – ask us for details
- It’s also a great way to help an elderly parent secure a new home
*Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only. Speak with a NASA FCU First Mortgage Loan Specialist for loan details and rates. NMLS Registry.