Westmark Credit Union
We are a full-service financial institution, owned by our members & committed to the development of their financial future. We have 12 convenient locations.

A Look at the Mortgage Process for First-Time Home Buyers

When you’re buying your first home, the mortgage process may be enough to make you reconsider renting. Mortgages can be very confusing for new buyers, and confusion when you’re mortgage shopping usually ends in you paying more than you have to. Westmark Credit Union makes mortgages as easy as possible for our new home buyers. Here is what you can expect from the mortgage process when you buy a home:

Approved mortgage application


It’s a good idea to seek pre-approval on a mortgage from Westmark before you even begin shopping for a loan. During the pre-approval process, your credit and income will be evaluated to determine how much you can afford to borrow for your mortgage.

At Westmark Credit Union, we offer a number of different mortgage loans: jumbo, conventional, and loans for manufactured homes. During the pre-approval process, you will find out which loan is right for you and how much money we can offer you. This information will help you shop for homes in your price range.


Even if you’ve been approved, you still need to submit a mortgage loan application for the specific property you wish to buy. Westmark will consider your financial information again as well as the house you’re buying. This is to make sure the home is a good investment and that, if you default on the loan, the credit union will be able to sell it.


During the review of your mortgage, you may be required to have the property appraised. It is also common for the credit union to follow-up with you to ask for extra information. Once your mortgage is approved, you can move forward with your home buying. You may be asked to pay closing costs and a down payment at this time.

If you’re ready to buy a home, let Westmark Credit Union make it easy for you. We also offer a range of other loan products, including car loans and lines of credit. Call us at (208) 523-1071 to learn more.

Happy Thanksgiving!

Happy Thanksgiving

Happy Thanksgiving from Westmark Credit Union!

Use This Android App to See How Much House You Can Afford

Google Play

When you’re house shopping, the biggest thing that frames your decision is what you can afford. When you see a lump price for a home and all of the potential mortgage loan interest rates that enter the equation, it can be hard to figure out the bottom line for your monthly payments and your budget. The good news is that with the Mortgage Calculator Android App, house shopping can finally be simple.

This app calculates your monthly payment for you. Use it to see how different down payment and loan amounts affect your payments and how your payments are applied to your interest and principal under different loan agreements.

Use this app to select a mortgage loan from Westmark Credit Union. Call us today at (208) 523-1071 to learn more about our financial services.

Find Out How Westmark Credit Union Can Help You With Investing

Good financial report

Saving with a credit union is smart and keeps your money invested in the local economy. Find out more about the benefits of banking with a credit union on these informative sites:

Read more about what a credit union is and how it differs from a conventional bank on InvestorGuide.com.

Find out how credit unions are helping middle-income Americans in this article on the World Council of Credit Unions’ website.

Get a full overview of how credit unions work on HowStuffWorks.com.

Check out more information about how credit unions help their local economies on the USNews Money website.

For some ground rules for retirement investing, take a look at this helpful article on Money.CNN.com.

Westmark Credit Union has been making a difference in the communities they serve for over 58 years. We have ten convenient locations in Idaho Falls, Blackfoot, Pocatello, Rigby, Rexburg, Eagle, Meridian and Nampa to assist you with all of your financial needs. To learn more about us visit us at http://www.westmark.org/ or call (208) 523-1071 today!

Tips On Saving for Your Future

Your future is important, and your Westmark Credit Union is here to help you make it a great one.  For some tips on how you can start saving for your future today, keep reading.

Man rising coins

Start Early

Starting early is one of the keys to saving successfully for your future. The earlier you start thinking about a retirement fund or other finances you will need later in life, the less you will need to contribute on a monthly basis to get there. And by contributing more than the minimum whenever you’re able, consider how fast your savings will grow and the many benefits of a substantial retirement fund that you’ll be able to enjoy for years.

Make Use of Investment Services

Your credit union has the information to help you save wisely, so take advantage of it. Use the investment services available to you to make smart choices about how much of your money to save, and how to do it. Consider the type of account you’d like to open for your retirement, and be sure to ask about federally-insured term certificates, IRAs, and other types of savings funds that can get you to your goals with speed and security.

Consider Direct Deposit

Using direct deposit for your monthly paychecks can save money and time. Not only will you not have to wait for the funds to appear in your account on payday, but those funds can immediately begin working for you to earn more. Additionally, you won’t be as tempted to take more than you should out of your paycheck for spending now if it’s already in your credit union account!

Westmark Credit Union has been helping Idaho grow for over 58 years with financial services and staff dedicated to our community.  Come see how we can make a difference in your life today and down the road with the right savings plans and financial information by stopping by one of our ten conveniently located branches in Idaho Falls, Blackfoot, Pocatello, Rigby, Rexburg, Eagle Meridian and Nampa.  You can also learn more on our website at http://www.westmark.org/ or by calling (208) 523-1071.

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2520 Channing Way
Idaho Falls, ID 83404

Hours of Operation:

  • Closed Sunday
  • 9:30 AM to 5:00 PM Monday
  • 9:30 AM to 5:00 PM Tuesday
  • 9:30 AM to 5:00 PM Wednesday
  • 9:30 AM to 5:00 PM Thursday
  • 9:30 AM to 6:00 PM Friday
  • 9:00 AM to 1:00 PM Saturday