Yes, we offer a variety of solutions, depending on your personal situation. Visit our Financial Toolkit at www.sharepointcu.com/toolkit or contact a SharePoint CU Representative to find the right solution for you.
Yes, please visit our Financial Toolkit page to see how we can help. https://www.sharepointcu.com/toolkit
The minimum initial deposit required is $200. Once you open your account, you must maintain a balance of at least $200.
When using EasyVest, you create an investment account that invests in securities. Your account is not a SharePoint Credit Union share. The investment account is held at DriveWealth, LLC, a securities brokerage firm that is not associated with SharePoint CU. The account is managed by Access Softek Advisory Services, LLC, which is also not affiliated with SharePoint CU.
SharePoint is a local, not-for-profit member owned financial cooperative that is easy to do business with. Our knowledgeable mortgage team will provide choice, convenience, and flexibility while we work to give you the best value to reach your goals. You will receive exceptional service during your loan process, as well as any future needs you may have.
VA loan – no down payment requirement
Conventional – 3% for first-time home buyers, if you have owned a home in the past 3 years then 5% is the minimum down payment requirement.
FHA – 3.5% down payment requirement
VA loan – A loan that is available for eligible veterans. VA loans typically do not require a down payment, will be more lenient on credit history, and have a lower interest rate. If you are a veteran or active-duty military, SharePoint can help you determine if you are eligible for a VA loan.
Conventional – Conventional loans are your best option if you have good credit and are able to contribute 3%-5% (depending on if you are a first-time homebuyer) or more as a down payment. When you have less than a 20% down payment mortgage insurance will be required on a Conventional loan, but will drop off when your loan balance gets paid down to 78% of the initial purchase value of the property.
FHA - FHA loans are insured by the Federal Housing Administration. FHA loans provide a low-down payment option at 3.5% and are more lenient on credit issues. However, there are more fees associated with an FHA loan and mortgage insurance does not drop off on an FHA loan.
To avoid paying mortgage insurance on a conventional loan, a 20% down payment is required.
The first step would be for you to complete a personal budget to determine how much you can afford to spend on a home. Once you complete a budget, you will want to start the pre-approval process to determine how much you will qualify for.
Yes, call a SharePoint CU Representative to get started.
Most of our variable rate loan products have specific days on which the rate change takes effect. Before changing rates at SharePoint CU, the Wall Street Journal must update their money rates section with the effective Prime Rate.
Currently, our drive-thru's are open. We will continue to follow the progression of the coronavirus and make our decisions based on the recommendations of leadership, along with state and local government recommendations, and always in the best interest and safety for our members and employees. If anything changes, we will notify you. As always, Internet and Mobile Banking allows you full access to your accounts.
That will depend on the direction of leadership, along with state and local government recommendations; we want to ensure the safety of our members, staff and community.
There are many options to access your accounts remotely. Such as:
- Internet Banking
- Mobile Banking
- Teller Line Connection
- MoneyPass ATMs
- Call Center
- (952) 930-0700
- (800) 752-3494