The team at Honor Credit Union has found a gap and is ready to fill it. Honor has announced today two new mortgage solutions to accomplish that task in the form of their new S.T.A.R Mortgage, which stands for Serving the American Responders, and the new Physicians Mortgage, serving Residents, Attending Physicians, and other medical professionals. Both mortgage solutions offer the opportunity for an either zero down payment or low down payment options.
Jammie Konecny, Honor’s Battle Creek Helmer Member Center Manager, says, “My experience working with VA lenders in my area to refinance my home was less than desirable,” and adds, “With the VA Hospital and Military Base so close to Honor’s Battle Creek locations, I knew there was a gap in my community to find the best mortgage solution along with great member service. I shared my vision to close the gap for our Veteran and First Responder members and Honor’s Product Manager, Adele Garcia, and our Real Estate team helped turn my idea into reality with the S.T.A.R. Mortgage.”
The S.T.A.R. Mortgage is just one of the many ways Honor wants to say “thank you” to all who have served and continue to serve our communities. It features a mortgage with flexible terms to make it easier for those who serve and keep our communities safe to purchase a home. Kim O’Donoghue, Honor’s Assistant VP of Real Estate Sales, notes, “The S.T.A.R. Mortgage ties directly to Honor’s Member Promise, Providing Solutions for Your Financial Success, and provides an opportunity to give back to our community heroes through fulfilling dreams of homeownership. I’m excited to officially offer a program specifically for our local Active Military Personnel, Veterans, and First Responders.”
The S.T.A.R. Mortgage offers little to no down payment. Additional benefits include $500 off closing costs, a discounted rate for members with a checking account with direct deposit, flexible loan terms, gifts or grant opportunities, and a team of mortgage experts ready to hear your unique story to find the solution that fits your needs. The following American Responders are eligible for the S.T.A.R. Mortgage year-round:
- Community Experts (Educators and Clergy)
- Military (Active Duty, Veterans, National Guard Reserves)
- First Responders (EMTs, Police Officers, Fire Fighters)
- Licensed Health Care (Nurses of all certifications, Medical Technicians certified or degree)
Meanwhile, the Physicians Mortgage makes it faster for Residents, Attending Physicians, and other medical professionals to purchase a home with either a low or zero down payment. Additional benefits of the Physicians Mortgage include a discounted rate for members with an Honor checking account with direct deposit, multiple available terms, and more. The following medical professionals are eligible for the Physicians Mortgage:
- Residents
- Doctor of Osteopathic Medicine (DO)
- Podiatrist (DPM)
- Interns
- Doctor of Dental Surgery (DDS)
- Pharmacist (PharmD)
- Fellows
- Doctor of Dental Medicine (DMD)
- Chiropractor (DC)
- Doctor of Medicine (MD)
- Optometrist (OD)
- Veterinarian (DVM)
O’Donoghue tells us, “The team at Honor is made up of people committed to helping people, and I can’t think of a better group to give back to than those who serve our community through education, healthcare, and safety,” while adding, “Giving back to the communities we serve defines who we are at Honor. Our new S.T.A.R. and Physicians Mortgage programs are a simple way for us to say ‘thank you’ to those who have served and protected our country and our local communities, those who educate our future leaders of America, and those who keep us healthy. It’s our way of giving back to the people that make such a positive impact on the communities in which we live, work and play in.”
Honor Credit Union serves more than 90,000 members across the state of Michigan. For more information, call 800.442.2800, or visit http://www.honorcu.com
