Want to get a credit card or buy a vehicle or home? Then you’ll need to apply for a loan to do so. But if this is your first time borrowing, it could be tricky to navigate. This is where Wescom comes in — we can help you qualify (which can get complicated) and save on rates and terms that best fit your finances.
Through our programs for First-Time Borrowers, credit card, auto, and home loan borrowers with limited to no credit history can save with Wescom. Whether you’re a new Wescom member or long-term member, if it’s your first time applying for a Visa® credit card, you’ll be eligible for a rate decrease after 12 months from your opening date.
For auto loans, we offer existing members terms up to 72 months and loan amounts up to $25,0001. To help you ease into your new monthly payment, we give you 90 days to make your first payment.2 Plus, we offer a maximum loan-to-value (LTV) of 110 percent.
If you’re a first-time home buyer, Wescom offers high LTV options to help you borrow more.3 Plus, first-time home buyers can also qualify to put down zero or three percent of their loan amount — also known as a down payment — and get up to 100 percent financing.4
Let Wescom help you build your credit, get on the road, or move into your dream home.
Click here to apply today.
NMLS 999430
All loans are subject to approval. Terms and conditions apply.
1 A $25,000 loan at 10.99% over 72 months is a monthly payment of $475.74.
2 The no payment for up to 90 days option is available for qualified borrowers and for loan terms up to 72 months only. Finance charges begin to accrue immediately and are repaid over the life of the loan. As a result, you may pay higher total finance charges on the loan than if repayments began earlier
3 Regardless of the county’s maximum loan limit.
4 A 30-year Adjustable-Rate Mortgage (ARM) 5/6mo. loan in the amount of $776,000 with a 3% down payment of $24,000 and $11,426.10 in closing costs, prepaids and reserves; with an interest rate of 7.50% (8.223% APR); will have monthly payments of $6,755.83. Monthly principal and interest, and estimated taxes, mortgage insurance and hazard insurance are included in the above payment. There may be additional assessments which are not included in the above payment. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5y/6m ARM, 7 years for a 7y/6m ARM and 10 years for a 10y/6m ARM; the 6m shows that the interest rate is subject to adjustment once every six months thereafter). The adjusted rate is calculated by adding the margin to the SOFR index. The rate may increase based on the SOFR index but will not increase by more than 2% over the initial Note rate at the first rate adjustment and will not increase by more than 1% over the most previous adjusted rate every 6 months thereafter. Total rate adjustments over the life of the loan will not increase more than 5% over the initial Note rate or decrease less than the margin.
