Congratulations! You’re now the proud parent of a growing family! That might mean it’s time to reconsider your living situation. Whether you’re in the market for a starter home or looking to upgrade the home you currently have, Amplify Credit Union is here to help you find the right mortgage for your family. Let us worry about the budget - after all, you’ve probably got other things on your mind.
Whoever said that two heads are better than one never tried living in an apartment with children. Even if your kids don’t mind sharing a bedroom when they’re little, parents know how much space kids can take up. If you’re tired of your kitchen doubling as Space Control Command Center or the Greater Austin Race Track, it may be time to add a little extra room to your floor plan.
Did you know that the average family only lives in a home for 10 years before upgrading? There comes a time in everyone’s life when you just need to give the kids bedrooms of their very own. If that three-bedroom house is stretched a bit thin for your four-person household, this might be the perfect time to explore the housing market and add a little bit of space.
The rates provided assume the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in zip code 78732. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.
A mortgage of $125,000 for 30 years at 3.87% APR requires a P&I payment of $587.80 per month. Taxes and insurance for escrow payment are not included; your actual payment obligation will be higher. Assumes closing costs paid out of pocket and tax and insurance escrow account created. All rates and programs subject to loan underwriting and approval and may be subject to change depending on individual credit profile and other qualifications
** Amplify’s performance record for closing real estate loans starting from loan application (assuming a completed loan package has been submitted, including an executed purchase contract, if needed) to loan closing. Events outside of Amplify’s control, including but not limited to; appraised values, escrow or title delays, or weather-related issues may prolong the process. Your experience may vary.