Wright-Patt Guarantees Mortgage Closing Costs

FAIRBORN, Ohio – Wright-Patt CU wants members to know their closing costs will not exceed their original Good Faith Estimate when they apply for mortgage loans with the CU. That’s why the over $1 billion credit union announced their new mortgage loan – “Good Faith Guarantee.” Noting that while mortgage lenders have no legal obligation to honor their Good Faith Estimates at the time of closing, “as a member-owned financial cooperative, we insist on being as upfront as possible with our members,” said Wright-Patt VP Tim Mislansky. “We owe our members accurate information when they do business with us. Our Good Faith Guarantee is a great example of how we back up our promise,” he said. A few exceptions do apply to the Guarantee, such as some decisions made by the borrower, as well as certain pre-paid items such as property taxes and homeowner’s insurance. Wright-Patt CU has nearly 155,000 members.