By "pre-qualifying" you are not only made aware of the general amount of money you’ll be able to borrow, you will also learn about your current financial situation as it relates to purchasing a home. You will also be given tips on how to change or improve your financial status, if needed, to better meet your home purchasing goals. You’ll also learn about specific loan programs that you are qualified for and that will help you meet those goals.

Pre-Approval is the act of becoming conditionally approved for a specific home loan, prior to finding and making an offer for a home. The dollar amount submitted for approval is based upon your personal level of comfort, not to exceed an amount that is likely to be approved.

Documents that you must submit in order to obtain this service include:

1. Income: One month of pay stubs & two years of W2 forms
2. Assets: Previous two months worth of savings, checking and retirement account statements
3. Debts: Complete list of credit debts displaying: creditor, balance owed and monthly payments
4. Credit History: Lender will obtain credit report, use for a mortgage transaction

Note: On a case by case basis more documentation may be needed to provide evidence of additional income, assets or debts.

To find out what you can be pre-qualified and/or pre-approved for, call one of our experienced loan officers today at 503-275-0300, Ext. 329.

In the current market, an account that works for you to make money is hard to come by.  We have the solution for you here at USAgencies Credit Union!  Our Money Fund Account rewards your savings with tiered interest rates for higher balances, no monthly fees, and the account is still liquid enough for withdrawals and unlimited deposits.  More importantly, your funds are safe and secured up to $250,000 by the National Credit Union Administration.  Call us today at (503)275-0300 or 1(800)452-0915, option 2 or visit our website at www.usacu.org and get your Money Fund started with an opening deposit of $1,000.00.

Our unique Lifestyle Line here at USACU offers you flexibility in multiple ways.  Enjoy peace of mind with the overdraft protection for your checking account as well as a line of credit for any worthwhile purpose.  You can rest easy knowing you’ll be saving money by not paying Non-Sufficient Funds fees, having low monthly payments and a low variable interest rate.  To inquire further or apply for our Lifestyle Line, please call at 503-275-0300 or 1(800)452-0915, option 3 or visit us at www.usacu.org.

Navigating the home buying process can be a challenge.  Home buyers in this current market are in a great bargaining position, giving them flexibility with negotiating price, closing costs and other concessions.   Steven Raymond, our Vice President of Residential Lending, is available to offer both new and seasoned home buyers valuable advice throughout the process.  He can be reached by phone at (503)275-0329 or by e-mail at sraymond@usacu.org.

Did you know that Veterans residing in Oregon are eligible for USAgencies?  Last year, we extended our field of membership to include Veterans and their family members.  That means that we are now able to serve many of your friends and neighbors!  Here at USAgencies we offer great rates on our savings accounts, Certificates of Deposit, and our loans.  We also offer VA and ORVET home loans. 

Help us spread the word and we will reward you with $5.00 for each new Veteran that joins us!  Call today at (503)275-0300 or (800)452-0915 option 2 for more information.

Winter is around the corner and the cold weather will be setting in.  Is your home ready?  Now is a great time to start those small projects to help keep your home cozy this winter.  We can help with anything from insulation to new windows to a new furnace with our great Home Equity Loans.  We offer:

• Home Equity Loans with fixed rates, generous loan amounts and a possible tax deduction for interest payments (please consult your tax advisor).  Rates starting at 4.48% APR*
• Our PrimeLine is a Home Equity Line of Credit for flexibility.  You can access some now, and then draw on it as your need the funds.  Rates start at 4.00% (V)APR*
  

Give us a call today at (503)275-0300 or 1(800)452-0915, option 3, to take advantage of competitive rates, low closing costs, and great member service.

*APR= Annual Percentage Rate.  Rate quoted is for a five year loan of $25,000 and includes a 1.00% origination fee with a face rate of 4.00%.

*(V)APR= Variable Annual Percentage Rate.   Rate quoted is lowest available and is tied to the Prime Rate.  Actual rate may vary depending on credit history and loan to value.

Steven Raymond, Vice President of Residential Lending, is available at 503-275-0300, Ext. 329 or by e-mail at sraymond@usacu.org to calculate payments, discuss how much you can qualify for, or to answer your questions about purchasing a home.

If your son, daughter, niece, nephew, or grandchildren is going off to college, we can help make the transition a little easier.  Here at USAgencies we offer many products and services to get your student on the right financial track.

• Freestyle Checking: A great way to start your student off right with a no minimum balance, no monthly fee checking account.  This account is offered to our members between ages 15 and 25 and comes with Bill Pay, the first box of 50 checks, and a Visa® Debit Card with access to over 28,000 CO-OP ATMs at no additional fee.
• Freestyle Savings: This account is currently paying 1.00% APY* and gives your student up to six free withdrawals per month.
• Secured Visa® Credit Card: Works just like a regular Visa® Gold, with a low, fixed rate of 11.95% APR**.  It offers a safe way to start building credit and is there in case of emergencies.
• Shared Branch Network: No matter where your student is headed, we can find a branch close to them.  With over 4,300 in our network, we can go everywhere.
• Lifestyle Line of Credit: A revolving loan that can be used as either overdraft protection of a line of credit.

We’re ready to help them get started on the right track.  Call us today at (503)275-0300 or 1(800)452-0915, option 2, or visit our website at www.usacu.org.

*APY= Annual Percentage Yield.  Rate subject to change.

**APR= Annual Percentage Rate.

Do you drive down the road and hear odd noises from your car?  Wonder if it is just your imagination or if you really heard something?  If your vehicle were to breakdown, do you have enough in your savings account to cover the costly repairs?  If not, we have a solution for you!
 
We now offer a great Mechanical Breakdown Protection program!  No matter what year of the vehicle, no matter how many miles you may have, we have coverage for your vehicle so that you can have peace of mind!  Whether you own your vehicle free and clear or have it financed, we have Mechanical Breakdown coverage for you.

With each coverage plan you recieve: 

• Towing
• Flat Tire Assistance
• Battery Jump Starting
• Lock-Out Services
• No Deductible on covered parts and labor
• Nationwide Coverage
• Freedom to go to any Certified ASE Mechanic

Click Here to learn more!