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All this talk about steroids and HGH and Credit Unions come to mind! I never think about them when I am working with a buyer for a mortgage loan, but with their increased size and strength you might look into one of them for a mortgage loan.

Credit Unions have always had some of the best rates when it comes to home equity loans and car loans, many times their everyday rate is lower than the banks' teaser rates. With their increased size, they are starting to become a player in the first mortgage field, many times with attractive rates. They have expanded their membership base by opening to many different groups, so you no longer have to have an "in" to join. First Service, originally started at the old Air Force base, is now open to anyone in Franklin County with several branches. Another large credit union is BMI, or even Kemba. These larger credit unions are also open to many more people now.

Since credit unions have different charters than banks and mortgage companies, many times their interest rates will be lower than the banks as their overhead is much lower. They are also great as a refinance option if you have a higher rate, and many offer a streamlined process with low closing costs and fast approval.

Next time you are shopping for a mortgage loan, don't overlook you neighborhood Credit Union. They just might have the best rates out there for you!