Costco ends mortgage program membership perk

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Costco is no longer offering a mortgage program for its members.

Lenders One is leasing space in Walmart stores to sell"Members can benefit by operating "store-in-store" branch locations, offering mortgage solutions including purchase, refinance and home equity lines to customers. We now have three locations under lease with many more opportunities to come," Lenders One wrote in a"I could not be happier with the direction the cooperative is headed," Justin Demola, president of Lenders One, said in a statement.

"It is our mission to help members improve their profitability and better compete against larger, well-funded mortgage lenders, and I am excited to release new and innovative solutions to accomplish that mission," he added.

 

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