Buying a home can be one of the most stressful
purchases in your life. But finding your dream home doesn't have to be a
nightmare - thanks to Teamster Privilege Mortgage and Real Estate. This
benefit makes buying, selling and refinancing a home easier and more
affordable. This program is designed exclusively for union members and is
another great benefit you get as a Teamster!
Mortgages Offered
- Conventional (15-year and 30-year)
- Balloon · ARM · VA · FHA · Local Bond
Program
Member advantages include:
- Mortgage loans with competitive fixed
and variable interest rates
- Low 5 percent down payments* and as
little as 3 percent down for qualified buyers
- Help in making mortgage payments if you
become unemployed as a result of a layoff, disability or
union-sanctioned strike through the strike and unemployment/disability
fund***
- An easy over-the-phone application
process
- Special programs for first-time buyers
- $350 toward closing costs - for buyers
who use both the real estate and mortgage portions of the program
- A one-half of one percent discount on
the real estate commission - for sellers.**
- Real estate agent referral available
*5 percent down payment not available in
all areas.
**The real estate seller's commission discount benefit is not available in
AL, KS, MO, NE and WV.
***Strike and unemployment/disability fund is not available under bond
programs.
Who's eligible?
- Union members, their parents and their
children
- This program is not available to members
living in Canada or Guam
- Not all mortgage programs/products are
available in all areas
Call today to speak with an experienced
mortgage counselor!
To join, call 8:30am-9 pm EST,
Mon-Fri-9am-1pm EST, Sat-1-2. 800-848-6466
