Rent vs. Buy: if you’re having this debate, it’s time to get off the home ownership fence and start shopping for the white picket variety. A house is out there waiting for you and so is a mortgage from Eli Lilly Federal Credit Union, where we welcome first-time home buyers.

If the prospect of a mortgage is overwhelming, let us change your perspective. ELFCU’s First-Time Homebuyer Program will relieve your concerns with these friendly features: 

• Competitive rates
• No significant down payment needed*
• No Private Mortgage Insurance (PMI) required – translates to considerable savings
• Loan amounts up to $200,000; single family primary residences only
• Experienced mortgage team to guide you through the process step by step
• Realtor Rebates – a benefit that leads to 20% cash back on the sales commission your real estate agent earns.

Thanks to programs like this one, credit unions are gaining market share in the mortgage business. Check out “Consider a Credit Union Home Loan” recently posted at NASDAQ.com.

To buy or not to buy is no longer a dilemma. Your first home can become your reality with ELFCU. Call the Mortgage Hotline, 317.277.8226 or 800.561.9433, or apply online at elfcu.org.

* States such as Florida, California, Michigan, Arizona, and Nevada are declining market states. Other areas nationwide are also considered declining markets. Contact us for more information.