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Whether you are ready to purchase your next home or refinance your current mortgage, The Mortgage Program for Costco Members could help you save thousands.*
Won't Affect Your Credit
Comparing lender rates does not affect you credit score.
Capped Lender Fees
Lender fees will not exceed $350** for Executive Members and $650** for Gold Star and Business Members.
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The Mortgage Program is dedicated to providing the quality experience Costco members expect and deserve. Excellent service, a streamlined and transparent process, and savings* in the thousands are all reasons Costco members choose The Mortgage Program.
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*The estimated savings statement is calculated over a 7-year period utilizing the following loan scenario and includes both interest and fees savings: home purchase in the state of California with a Loan-To-Value of 80%, Loan Amount= $250,000, Single Family, Primary Residence, FICO= 720, Term= 30yr as of 8/15/2017. Average Executive Membership level savings is $7,707, which includes the lender fees savings as of 8/15/2017, as compared to an average of national mortgage lenders in a comparative study conducted by Informa Research Services Inc. Individual savings may vary based on credit score, Loan-To-Value, location, Costco membership level, and loan amount, and is subject to loan requirements underwriting and approval. Marketing Approval Date 11/1/2017.
**Lender fees charged to Executive Members by lenders will not exceed $350 per loan. Lender fees charged to Gold Star and Business Members by lenders will not exceed $650 per loan. Lender fees include application, commitment, underwriting, processing fees or similar fees and do not include third party fees, such as title insurance, appraisal, tax service, escrow and other such fees in which the lender does not profit and are passed directly through the borrower. All fees are clearly detailed in the Loan Estimate provided by lender.
General Program Disclosures: Mortgage lead generation, and/or originations are provided by or through Berkshire Bank (NMLS# 506896) and its wholly owned subsidiary First Choice Loan Services Inc. (NMLS #210764), located at One Tower Center, Floor #18, East Brunswick, NJ 08816. Berkshire Bank and First Choice Loan Services Inc. are licensed, registered, or exempt from state licensing in the states in which they originate mortgage loans or lines of credit. First Choice Loan Services Inc. is licensed by the N.J. Department of Banking and Insurance, and licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. AZ BK #0918586. Loans in AR, NY, and PR are originated by Berkshire Bank. First Choice Loan Services Inc. has no affiliation with First Choice Bank, chartered and located in California. Costco and its affiliates do not take loan applications, offer, negotiate, arrange or make mortgage loans or lines of credit. Costco does not guarantee products or services offered by First Choice Loan Services Inc. Berkshire Bank is an FDIC insured Massachusetts chartered bank. Berkshire Hills Bancorp (NYSE: BHLB) is the parent of Berkshire Bank. Costco is not affiliated with First Choice or any participating lender. Costco does not endorse and is not responsible for any of the activities of First Choice or any of the participating lenders.
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