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Mortgages at Costco?

Posted on: 2:12 pm, April 26, 2012, by , updated on: 05:00pm, April 26, 2012

costco

(Memphis) Talk about one stop shopping!

A quick check at Costco.com reveals you can buy a diamond ring for $329,0000, a casket and of course, all the diapers and sandwich meat you’d ever need.

Well now, add mortgages to that list.

The discount retailer is partnering with First Choice Bank and 10 other lenders to offer a full, service mortgage lending program.

The warehouse retailer actually began offering mortgages a couple of years ago, but Costco says the service provider didn’t share enough details with its members.
So now, it’s starting over with First Choice Bank.

According to Costco, 10,000 people have already taken out their home loans with its partners.

The retailer also offers health and auto insurance and eventually plans to offer student loans.