May is Affordable Housing Awareness Month
May 24, 2024
May is designated as Affordable Housing Awareness Month, and here at TVFCU, we're actively engaging to effect change! To support our commitment to accessible housing, we’ve announce a special low-interest rate for a new home purchase, available for a limited time. This initiative underscores our commitment to making affordability not merely a topic of discussion, but a tangible reality for the community we serve.
TVFCU is offering our 30 year 5/6 ARM, at 5.99%* for qualifying loans. TVFCU has a vision of making decisions based upon the foundation of ensuring that we are enhancing the lifestyle of our members, which is why we want to help make housing more affordable for our members through our lowered mortgage rates. Affordable housing is becoming less and less feasible for the average American, so it’s important to understand and shine light on this issue in order to provide more opportunities for the people that are negatively impacted by the housing market.
The importance of Affordable Housing Awareness Month:
Affordable Housing Month sets a spotlight to the issue of housing inequality and the critical need for accessible housing solutions. Celebrating this month helps highlight the struggles that many families face in finding affordable housing. Affordable housing supports economic stability and growth by allowing families to allocate their income to other essential needs and savings, fostering a diverse workforce, and enhancing local economies. Awareness efforts during this month are crucial in addressing homelessness, as they advocate for housing initiatives that provide stability for at-risk individuals and families.
Affordable Housing Month awareness can drive changes at various levels, inspiring policymakers to adopt more inclusive housing strategies, increase funding, and implement innovative solutions. Community engagement is another key aspect, as celebrating this month encourages residents, businesses, and organizations to support affordable housing initiatives, volunteer, donate, and advocate for solutions. Ultimately, Affordable Housing Month fosters stronger, more resilient, and equitable communities, making it a crucial time for advocacy and action. Which is why TVFCU is offering this special interest rate, we hear you and we are here to make things easier for our community.
Visit to learn more:
https://www.tvfcu.com/about-us/news/news-detail.html?cId=85810&title=tvfcu-making-housing-affordable-with-special-low-mortgage-rate
Special Offer Details:
5.99% Rate (7.406% APR*) and No PMI on our 5/6 Adjustable Rate Mortgage. The rate is current as of May 14, 2024 and is the Credit Union’s best rate. Rates and terms vary depending on loan to value ratio, credit evaluation and underwriting requirements. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset. PMI = Private Mortgage Insurance. Flood and/or property hazard insurance may be required.
All Credit Union loan programs, rates, terms and conditions are subject to credit approval and may change at any time without notice.
*5/6 ARM: The payment on a 30-year $300,000 5/6 Adjustable-Rate Loan at 5.99% and 80% loan-to-value (LTV) is $2096.18. After the 5 years, the payment would range from a minimum of $1,545 to a maximum of $2,728. These payments do not include taxes or insurance premiums. The actual payments will be higher; and rates provided are based on current market rates and are informational only. Payments are estimates and include only principal and interest.
Eligibility varies, and will depend on a blend of your credit score and loan-to-value (LTV) ratio. Contact our Mortgage Team directly to determine your eligibility status.
This exclusive offer is applicable solely to primary home purchases. It does not extend to second home purchases, refinancing, investment properties, or HELOCs. We are also offering a special rate on Construction To Permanent loans.