When I woke up this morning, I had a galactic sized craving for a big apple pie. First off, that’s a little alarming since I usually don’t partake in much “human” food due to my unique alien digestive system. Second, if I DO decide to ingest some Earthly provisions – particularly of the pastry variety – I typically go for pumpkin, especially this time of year. So, what’s with the apple pie urge?
I believe it is all a by-product of this past week and the days to come. Apple pie is, after all, a traditional symbol of America and the country’s rich patriotic history. This past week, the U.S. exercised the greatest of patriotic actions and a staple of democracy by holding elections nationwide. And coming up this Monday, Nov. 11, is a very special day dedicated to and celebrating those Americans who currently or previously served in the U.S. armed forces: Veterans Day.
The apple pie vibe is making a lot of sense. But wait… there’s more…
Even on the job, all-American energy can be felt in the halls and offices of myCUmortgage, energy in the form of government-backed mortgage loans! We have always supported and promoted government lending because it is a great option for many credit unions members who are experiencing a bumpy path to homeownership. Government loans can help smooth out those bumps and deliver upon the American dream of homeownership.
Through FHA, USDA and VA lending, members can benefit from low to no down payment, credit flexibility and several other perks, depending on the loan selected. Of course, with Veterans Day just around the corner, my attention is drawn to VA loans and the tremendous opportunities they can provide to your current and former military members.
AND myCUmortgage is ready, willing and able to help you and your members with VA loans. After all, we are the #1 CUSO (Credit Union Service Organization) in VA loan closings four years running, as reported by the U.S. Department of Veterans Affairs in the VA Home Loan Lenders Volume Report.
The success of VA lending is rooted in the credit union philosophy of people helping people. U.S service members and veterans have made tremendous sacrifices to uphold democracy and freedom, and what better way to honor that commitment than by providing a mortgage product that could help them fulfill their homeownership dreams?! Plus, VA lending is simply good business that we should all be taking advantage of. For example:
- In 2023, according to veteransunited.com, 750K VA loans were financed nationwide, totaling over $250B for veterans and their families. Remember, whether the mortgage market is up or down, veterans still need homes, and VA lending can get them there.
- As home prices continue to increase, so does the national average loan amount for VA mortgages. According to the Veterans Administration, the average VA loan amount in 2023 was $360,863.
- The interest in VA and other government loans by our partner credit unions and their members is strong, with government loans representing 25% of myCUmortgage applications versus 75% conventional applications.
- Experience and expertise speak volumes at myCUmortgage in government lending. Did you know the myCUmortgage Government Underwriting Team has a combined 98 years of experience? That’s a lot of red tape being shredded on behalf of you and your members.
The bottom line is that VA lending helps you serve members who served our country, and there’s nothing more American (and credit union) than that! So, break out the apple pies, bring them along to your government loan closings and enjoy the cinnamon-apple goodness of homeownership!
Happy Veterans Day – and THANK YOU – to all those who served.