NextEdge® Mortgage
For those who contribute so much to our communities
You patrol our streets, keep us healthy, teach our children, tend to our pets, and ensure that everyone receives fair treatment under the law. We're proud to have professionals like you in our communities and happy to offer a mortgage program that recognizes your special needs and contributions with special rates. Here's who is eligible for Credit Union ONE's NextEdge® Mortgages:
- Medical personnel: Medical residents, medical fellows, physicians, dentists, orthodontists, nurses, and veterinarians.
- First responders: Police officers, firefighters, and EMS personnel.
- Other professionals: Attorneys, accountants, engineers, and teachers.
What is a NextEdge® Mortgage?
NextEdge® Mortgage FAQs
Private mortgage insurance (PMI) is a form of mortgage insurance that may be required with certain types of loans. If you default on your loan, PMI protects your lender. In the case of a FHA Loan, a certain down payment is required to waive PMI. However, FHA insurance is often cheaper than traditional PMI.
If you are new to your profession and do not have a paystub, in most cases we are able to use your employment contract to satisfy income requirements.
Your student loan payments are excluded from your monthly debts as long as they are deferred for at least 6 months.
Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.