Mortgages and Real Estate
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!
- Conventional (15-year and 30-year)
- 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.
- 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 1-800-848-6466