Keep The Mortgage, Ditch The Fees

A Webinar on Purpose Driven Savings: Dec. 10 | 2 PM EST

Closing Costs Were Keeping Homebuyers Out, This Credit Union Got Rid Of Them.

For many would-be homebuyers, the biggest hurdle is the cash needed for closing costs. Even buyers who can comfortably afford a mortgage may find that upfront costs are what put the keys out of reach.

7 17 Credit Union’s ($2B, Warren, Ohio) response was its “Your Keys, No Fees” program that eliminates out-of-pocket closing costs, opening the door to homeownership for more members. So far, borrowers have saved an average of $3,200 each. Waiving those fees meant rethinking how a mortgage pays for itself, and the math turned out to be more encouraging than the team expected. It only took about three months for the costs to be recouped each time.

Join us on Dec. 10 as John Demmler, CEO at 7 17 Credit Union, shares how the program works, how the credit union used feedback to create a solution tailored to its community, and the tradeoffs it weighed around fee income, and what they learned once the program was live.

Need a little more information? Check out what you'll learn in the section below! ↓