Credit Union Loans in New Bedford: Vehicles, Homes, and More

credit union loans in new bedfordWhile it’s a smart financial habit to save up for major purchases and avoid getting in debt, there are certain situations where that is not always possible. Buying a new home or vehicle are just two examples where credit union loans in New Bedford can be helpful. A credit union auto loan can be made available for both new and used vehicle purchases. A home loan through your credit union can often provide much more conservative interest rates in New Bedford than traditional banking institutions. The best way to get started is to speak with a representative at St Anne Credit Union in New Bedford to find out what you need to have to qualify for a loan.

New Auto Loans

Members of St Anne Credit Union can obtain a new auto loan with zero down payment and terms that range from two to six years. You must have a Main Share Savings account with a minimum balance of $25, provide proof of income, an insurance binder, a copy of the purchase contract, a copy of signed RMV-1 form, and pay a $21 fee for Single Vendor’s Interest Insurance. GAP insurance is also available to our members at the cost of just $300.

Our team can also work with refinances, as long as a copy of the registration, and a copy of the financial note is provided. A $25 fee for the Massachusetts Department of Transportation is also required to add St Anne Credit Union in New Bedford as the Lienholder for the account. To apply for a credit union auto loan or any other type of loan, please use our Loan Application online or visit our local branch for details and additional information.

Used Auto Loans

If you wish to purchase a used vehicle instead of a brand new car or truck, St Anne Credit Union offers no down payment for model years 2004 and newer with terms ranging from two to five years, depending on the model year. Check with a representative, as the model year will change to meet current standards and may be more current than the 2004 year mentioned in this article.

Similar to the new auto loan requirements, members must have a Main Share Account with a $25 minimum balance, proof of income, an insurance binder, a copy of the purchase contract, a copy of a signed RMV-1 form, and pay the $21 fee for Single Vendor’s Interest Insurance. GAP insurance is available for used auto purchases as well at the cost of $300. Refinancing opportunities for used vehicles are the same as what is mentioned in the above section.

Home Loans

If you are looking for excellent interest rates in New Bedford for mortgage loans, look no further than St Anne Credit Union. We offer fixed-rate mortgages with terms ranging from five to 30 years. Members should contact our office for current information, requirements, and rates on our mortgage plans for best results. Terms and conditions are subject to change without notice. This is why it is essential for members to contact our team about any credit union loans in New Bedford rather than relying on information posted online or to our website.

Equity loans are also available for current mortgage holders, offer fixed rate terms up to $125,000 for as much as 75 percent the value of your home, less your first mortgage. Our terms for equity loans range from five to 15 years, and the member is responsible for closing fees, which will be financed into the loan. Closing fees include attorney fees, recording fees at the Registry of Deeds, the Flood Determination Certificate, and Credit Report fee. We can only offer this opportunity for owner-occupied properties. Make sure to also ask about our options for Equity Line of Credit loans at St Anne Credit Union in New Bedford.

Personal Loans

Members can borrow between $500 and $10,000 for terms that can range from one to four years, depending on their needs. Any amounts over $6,000 will require two signatures on the loan. We do offer special loans throughout the year with excellent interest rates in New Bedford. Qualifications, terms, requirements, and other considerations can be obtained just by speaking with one of our representatives at St Anne Credit Union in New Bedford.

Ready to apply for a credit union auto loan, home loan, or personal loan? Give our team a call at 508-993-0011 to discuss our full offering of credit union loans in New Bedford. Our friendly representatives can answer your questions or provide you with application information to help get you started. We can also offer details on the current interest rates in New Bedford at St Anne Credit Union.