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
