RURAL $2000

It continues to be a seller’s market and finding an affordable home in the rural Midwest remains a challenge for many. Rural $2000, a new program from Members Mortgages Services (MMS) is designed to help rural buyers by combining already low interest rates with an additional incentive – a $2,000 borrower credit applied to Mortgage Insurance. The Rural $2000 incentive is specially created for MMS affiliated Credit Unions with $300 million or less in assets. It is available through the end of the year. The credit can be applied to conventional, single-family residential loan purchases or refinances.

The Credit Union’s loan officer must confirm that the property is located in an eligible county and that the borrowers on the loan have an annual income less than the median income for that specific county.

In addition to helping rural customers, this incentive gives Credit Unions the opportunity to get in front of realtors with a product uniquely offered by a few lenders. “Realtors want to work with lenders who can help them build their business,” says Ron Kiuttu, MMS CFO. “The Rural $2,000 product helps make the consumer’s life easier and this makes the agent happy. If our Credit Unions can position this incentive with responsiveness, personalization and competitive rates, it can help build lasting realtor relationships.”

To learn more about the Rural $2,000 incentive or request marketing material assistance from MMS, please contact Ron Kiuttu at 866.441.4447, ext. 285.

  • In today’s mortgage market, products are just products. Choosing the right partner really comes down to trust. Members Mortgage Services is superb at delivering on the big things, and even better at delivering the little, unexpected ones.

    Angie M. President Emporia State Federal Credit Union

  • Our loan portfolio grew 433% in the first six months of our MMS relationship. I would never have been able to handle this significant increase in volume had it not been for the entire MMS team as well as the technology they offer. With MMS, Archer Credit Union is finally able to be a competitive force in mortgage lending in our community.

    Sarah C. Senior Mortgage Loan Officer Archer Credit Union

  • By refocusing our mortgage efforts on origination, Credit Union of America has gone from being a minor player in mortgage lending to the #1 lender in the Wichita market. Partnering with MMS was the key to this success.

    Eileen P. SVP/Chief Operations Officer Credit Union of America