No PMI Mortgage Options?

[Anonymous]

ok....I have a funny. I forgot my mom drove a bus for 20yrs and is a current member

Going to join today and see what's up. Thanks a ton for the suggestion, I would have never thought of it.

[Anonymous]

4.875

PMI built into what?

I can't come up with enough to get rid of PMI. The 3% alone was going to stress me if I'm trying to buy within 60 days. Convventional rate I was quoted was 5.1

[Anonymous]

https://www.ncsecu.org/Mortgages/SpecialMortgages.html

Here's the option I was talking about. First time home buyers.. 

[Anonymous]

yep....I've been reading it. I called them. Going tomorrow to join and talk about the mortgage option.

[Anonymous]

@drpaul

Let me know how the process goes. I'll probably be app'ing in a month or two.

BTW. I just joined a few months ago and got 2k on thier CC with 10.99 APR.

[Anonymous]

nice.....i'm looking forward to being a member for the many benefits I've always heard about.

ps - I run a swim team so I use the word "dryland" alot

[Anonymous]

Ex-Navy... hence dry-land LOL

[Anonymous]

ha.....nice

thank you for your service

[Anonymous]

Dryland-

Just wanted to follow up with you. Went today and joined NCSECU. 30min later walked out with an approval for the first time home buyers program of $350k (100%, no PMI, +$2k in closing cost, 5yr ARM 4.875). I know there's still an underwriting process but it sounds pretty simple. They didn't even use all my income.

Thanks again for commenting on my post. I would have never thought of it. If I could give you a hug or buy you a beer.....I would

Paul

[Anonymous]

Congrats!

Glad I could be of help.