President's Blog
by Kerry Wahlen, President/CEO
Jumbo Loan Experts
Are you interested in Jumbo Loan*, but don’t want to pay Jumbo rates and Jumbo fees?
I personally invite you to meet with Goldenwest’s Jumbo Loan experts to secure the best rates and terms in the market without hassles and delays. Choose from fixed or adjustable rates, and financing up to 90% loan-to-value. Down payment requirements are flexible, and we have options that will not necessitate private mortgage insurance.
In our market with fast-rising home values, I am seeing members apply for Jumbo Loans for new house purchases as well as refinancing existing mortgages to a lower rate. Goldenwest’s cash-out refinances up to 80% are popular for members who wish to purchase second homes and investment properties.
If you’re in the market to purchase a home, it’s important to know that offering more than $548,250 can result in stricter underwriting requirements and potentially increase the time for processing the mortgage. To avoid Jumbo headaches during the borrowing process, it’s crucial that home buyers work with a lender that specializes in Jumbo Loans.
The Jumbo Loan experts at Goldenwest and USU Credit Unions are excited to meet with you about your next home purchase, or strategic plans for a cash-out refinance. They are taking in-person or virtual appointments to discuss your options, plus they are always available to respond to your questions with a quick call.
Contact any of our Jumbo Loan experts today!
• Tonya Froerer 801-786-8484 tfroerer@gwcu.org
• Geni Townsend 801-786-8442 gtownsend@gwcu.org
• Chad Hyatt 801-786-8281 chyatt@gwcu.org
• Jon Campbell 801-878-3041 jcampbell@gwcu.org
• Stephanie Taylor 801-786-8280 staylor@gwcu.org
• Jennifer Melling 801-786-8201 jmelling@gwcu.org
• Bryce Peterson 801-337-8371 bpeterso@gwcu.org
• Cindy Weeks 435-713-1810 cweeks@usucu.org
• Paige Yearsley 801-786-8282 pyearsley@gwcu.org
• Dustin Hodges 801-786-8439 dhodges@gwcu.org
• Dave Johnson 435-713-1957 djohnson@usucu.org
To apply for a mortgage online, visit gwcu.org/loans/homeloans. To connect with any of our experienced mortgage experts, email mortgagecc@gwcu.org, text 385-206-6780, or call 801-786-8400.
*Mortgage loans greater than $548,250 are classified as high balance loans, or “Jumbo Loans”. The Federal Housing Financing Committee (FHFA) that oversees Fannie Mae and Freddie Mac – the entities responsible for regulating mortgages – determine the limits for conforming loans, and adjust the limits annually to account for changes in the average home prices in the United States. In 2021, the conforming loan limit was increased to $548,250 from $510,00 the previous year.
If this is seen by the "President/CEO of GWCU - you might want to reconsider some of the decisions that have been made and members' money spent on the new website design and content. It is pathetic, not friendly and is forcing me to consider changing to a different financial institution - simply because of the website. I no longer have easy visibility of my financial transactions, pending transactions, balances but I have also, thanks to the fix-it mentality, lost track of all my data that I had categorized for tax purposes. And - if the system does not automatically put a box in the transaction indicating what the category is - I can no longer input it myself. Thanks for nothing. The mentality that allowed this is simple - "If it isn't broke, fix it until it is". So - thanks for nothing. And the auto reply does not cut it.
Larry Clark
August 27, 2021
After several attempts to get some kind of usable format on my account - I have found it impossible, without hundreds of hours of input, to reconcile my accounts, identify what was paid for to whom and tax status. So - thank you to the Board of Directors for the transfer to a contractor to provide a GWCU Website that is totally useless. I have never seen anything worse than this except for maybe when Microsoft came out with Windows8. I now have to seriously consider changing financial institutions. And instead of having someone that is not responsible for this action call me - either someone from the Board of Directors involved in this change call me or don't bother contacting me in which case I will definitely be looking for another CU. So - thanks for the literal mess.
Larry Clark
September 3, 2021