Ent credit unions of the Pikes Peak area and local Decibel branches of Ent recently launched the "flex-plus 103 percent loan-to-value mortgage product.
The flex-plus 103 percent mortgage allows qualifying members to borrow up to 100 percent of a home’s value and additional loan closing costs within the same fixed-rate loan, said Charles Emmer, president of Ent Federal Credit Union.
The Flex-Plus 103 percent LTV is available for single-family, owner-occupied residences where the borrower is at or below 100 percent of the area’s median income and has a qualifying credit score.
“We realize that not all members have money set aside for a down payment on a home or for home improvement loan closing costs. This unique mortgage option allows our members to finance their dream of home ownership in a single loan with fixed monthly principal and interest payments," Emmer said.
"We’re proud that our service record has qualified us as a certified provider of this unique product, and are pleased to add it to our portfolio in order to better serve our members.” he said.
source:http://www.chieftain.com/business/1173168351/5
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