The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Bank vs Credit Union vs Independent Lender: Which Is Right for You?

Bank vs Credit Union vs Independent Lender: Which Is Right for You?

By Scott Sheldon / September 17, 2025

When it comes to getting a mortgage, you have three main options—banks, credit unions, and independent mortgage lenders. On the surface, they might seem interchangeable. After all, they all offer home loans, interest rates, and payment terms. But the experience you get, and how well they fit your specific needs, can vary a lot. If…

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