Metro Credit Union Introduces 40-year Mortgage
CHELSEA, MA, February 7, 2022 – Metro Credit Union, Massachusetts’ largest state-chartered credit union, today announced it will begin offering a 40-year mortgage to its members, which includes options for jumbo loans and bi-weekly payments.
“Metro is very excited to add the 40-year mortgage to our existing line-up of mortgage offerings” said Robert Cashman, CEO and President of Metro Credit Union. “The 40-year mortgage will be attractive not only to first-time homebuyers, but also to anyone having difficulty meeting loan qualifications, as well as for existing homebuyers who want to trade up to a bigger home.”
This new program will make becoming a homeowner a reality for more individuals, including first-time homebuyers who are having difficulty getting into the market. Extending the mortgage term to 40 years results in a lower monthly mortgage payment, offering housing affordability for many who are currently priced out of the market, or those having difficulty refinancing an existing loan.
To learn more go to MetroCU.org/40-Year-Mortgage.
For more information about Metro Credit Union, please visit MetroCU.org or follow Metro on LinkedIn.
About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $2.4 billion in assets. Metro provides a full range of financial products to close to 200,000 members in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol and Worcester counties in Massachusetts, and Rockingham and Hillsborough counties in New Hampshire, as well as to employees of over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 15 branch offices in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Reading, Salem, Tewksbury, and coming soon to West Roxbury. Metro is also a Juntos Avanzamos (“Together We Advance”) designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers. Metro was recently named among the most charitable companies in Massachusetts by the Boston Business Journal. Learn more at MetroCU.org and on LinkedIn.