Westerra CU Making Home Purchases Easier in Todays Competitive Landscape

Denver, CO – May 18, 2021 — Westerra Credit Union has launched a variety of services to aid in the home purchase process which ensure home buyers are fully credit qualified in an incredibly competitive market. Westerra’s Mortgage Help Desk determines the best products and pricing for members. Through a simple online process and hands-on customer service, it takes the confusion out for home buyers. 

With the new Westerra Bridge Loan, members apply for a pre-approval Bridge Loan that covers the down payment for a new house without having to sell their home first and in the process, they’re approved for a new mortgage loan. The Westerra Bridge Loan helps members tap into the equity of their current home with a full credit approval letter in hand to make a more attractive offer on their next home. 

“Our mortgage application process helps home buyers by providing a better overall experience with mortgage calculators, electronic signatures, multiple communication options with text capabilities, and transparent loan status updates,” said Jason Sasena, Chief Lending Officer. “We have received some great feedback from our members.”

Westerra provides additional mortgage lending support products including: 

• Full credit approval, not just pre-qualification, so borrowers are ready to make a winning offer. 

• Loans for first-time home buyers with down payments as low as 3% for up to $850,000. 

• Jumbo home loans up to $2,000,000.

• VA loans - Westerra is proud to honor veterans with its VA Home Loan benefits  

• FHA Financing is also available to those who qualify to finance up to 96.5% of the purchase price. With flexible terms and more flexible credit and qualifying standards

• Westerra’s Non-Warrantable Condo Loan makes it easier for developers and realtors to sell new condominium units, particularly when only a few units have pre-sold. 

“We know the competitive landscape is difficult in our region, especially for first time home purchasers, and our trained employees are here to help every step of the way,” said Jay Champion, President and CEO.

Westerra Credit Union is so confident of its process, they guarantee home loans will close by the purchase contract closing date when all requirements are met. Westerra will pay the buyer and seller $500 each at closing if they do not deliver, giving members a stronger position when making an offer and an advantage when multiple offers are presented.

Westerra is offering a free virtual seminar to help guide people through the process to become a homeowner in Colorado’s competitive market. Attend the free webinar, "Home buying help - navigating one of the hottest housing markets” by registering here:  https://www.westerracu.com/events

To learn more about Westerra’s mortgage loan services, log on to https://www.westerracu.com/loans/home-loans.

About Westerra Credit Union

Westerra Credit Union is a financial cooperative locally-owned by the people who have accounts at the credit union. Eight Denver teachers started the credit union in the midst of the Great Depression. They pooled their funds and made loans to each other to strengthen families and the community during that crisis. Today they carry that mission forward to help families and communities through the financial hardship of the COVID-19 crisis. Denver-based Westerra Credit Union holds over $1.9 billion in assets and serves 125,000 members throughout the Denver metro area. For more information, visit www.westerracu.com.