Last Updated: 04/18/2025
Verity CU Home Loans
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Verity CU Home Loans Review
Verity CU Home Loans is offered by Verity Credit Union (NMLS #456945), a credit union founded in 1933 and based in Seattle, WA. Verity CU Home Loans are available in 50 states and Washington, DC.
Key Takeaways
- Only two mortgage programs offered. Verity CU Home Loans provides USDA jumbo and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- No primary residences considered. Verity CU Home Loans does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Verity CU Home Loans Pros & Cons
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Verity CU Home Loans FAQ
What is the maximum loan term you can get with Verity CU Home Loans?
Verity CU Home Loans offers mortgages with terms ranging from 10 to 15 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Verity Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Verity CU Home Loans may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, Verity CU Home Loans offers the following mortgage types:
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
What property usage types does Verity CU Home Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Verity CU Home Loans allows the following property usage types:
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Verity CU Home Loans is (206) 440-9000.
What is the support contact email?
The support contact email for is marketingdept@veritycu.com .
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed