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San Antonio Business Journal: CU Eliminates Closing Costs for Qualified Home Buyers
Monday, April 28, 2014 7:00 AM

Security Service FCU is introducing a new mortgage loan program that does away with most closing costs for qualified buyers, reports the San Antonio Business Journal. The new Power Mortgage loan program will seek to entice home buyers who can afford the home of their dreams but are dissuaded by the high closing costs and fees.

“Research shows that many consumers are able to afford the mortgage payment for the home they want to purchase, but it’s the extra costs at closing that prevent them from buying,” says Jim Laffoon, president and CEO of Security Service FCU. “By eliminating closing costs and origination fees, we remove a giant hurdle for many of our members, helping them move one step closer to buying a home.”