Home Loans
WE'LL HELP TO MAKE YOUR DREAM OF HOME OWNERSHIP A REALITY.
At Members First Credit Union of Florida, every member is a part of our family. And family should always have a place to call home. We offer a large variety of products to make the process of buying or refinancing your home go as smoothly as possible. We know that the home buying or refinancing process can be overwhelming, so leave the details to us. Our experienced mortgage team will work with you to design a plan that is quick, affordable, and best fits your needs.
Please look over the list below to find the mortgage option that works for you. If you're not sure where to begin, give as a call at (850) 434-2211 or stop by one of our locations. Our team of professionals is available to help answer your questions, and make your dream of home ownership, a dream come true.
MORTGAGE LOANS
Choose a loan type below to learn more about it.
First Time Home Buyers Mortgage
Are you dreaming of buying your first home? Let Members First help your dream become a reality. You can rest easy knowing we have the right loan for you and that our mortgage loan officers have the knowledge and experience needed. So pack up, move, and leave the financing to us!
Members First offers the following terms for our First Time Home Buyers Mortgage:
- Lower Closing Costs
- No Points
- No Origination Fees (borrower pays only a $285.00 Document Preparation Fee)
- No Intangible Tax
- No Private Mortgage Insurance (PMI)
- No Prepayment Penalty
- Affordable Rate and Flexible Terms
- Down Payment as low as 3%
- Pre-Approvals
- Bi-weekly Mortgage Payments
Fixed Rate Conventional Mortgage Loan
A conventional mortgage is a home loan that isn't guaranteed or insured by the federal government and conforms to the loan limits set forth by Freddie Mac and Fannie Mae. You can get a conventional loan at a fixed or adjustable rate. Three other options – FHA, VA and USDA loans – are backed by the federal government.
Members First offers the following terms on our Fixed Rate Conventional Mortgage:
- Short Term (5-15 Years)
- Long Term (20-30 Years)
- Down Payment as low as 5%
- Pre-Approvals
- Bi-weekly Mortgage Payments
- Competitive Rates and Terms
Adjustable Rate Mortgage
Adjustable Rate Mortgages (ARMS), also known as a variable-rate mortgages usually feature lower initial interest rates. This may be an attractive feature depending on your situation. After the initial period is over your rate may adjust up or down for the next rate period. Limits apply to the amount the rate can adjust at each adjustment period and over the life of the loan.
If rates change your monthly payment may change as well.
- Lower Closing Costs
- No Points
- No Origination Fees (borrower pays only a $285.00 Document Preparation Fee)
- No Intangible Tax
- No Private Mortgage Insurance (PMI)
- No Escrow Required
- Pre-approvals
- Fast In-House Processing, Underwriting, and Decisions
- Local Loan Servicing
- Competitive Rates and Terms
- Bi-weekly Mortgage Payments
- First Time Home Buyer Program
Construction to Permanent Mortgage
Our Construction to Permanent Mortgage is a single close loan designed to avoid closing your loan a second time. Once construction is complete your loan will automatically convert to a permanent loan.
Members First offers the following terms on our Construction to Permanent Mortgage:
- One Time Closing
- No Points or Origination Fee (borrower pays only a $285.00 Document Preparation Fee)
- No Application Fees
- No Prepayment Penalty
- No Private Mortgage Insurance (PMI)
- No Intangible Tax
- No Escrow
- Fast In- House Processing, Underwriting, and Decisions
- Local Loan Servicing
Residential Lots/Land (Unimproved Property) Mortgage - Variable
Unimproved property is land without significant buildings, structures, or development. If you are considering purchasing land for a future home or maybe as an investment for later gain, look no further than our Residential Lots/Land (Unimproved Property) loan.
Members First offers the following terms on our Residential Lots/Land (Unimproved Property) Mortgage:
- 3 Year Adjustable Rate Mortgage (ARM)
- No Balloon Payment
- No Points or Origination Fees (borrower pays only a $285.00 Document Preparation Fee)
- No Intangible Tax
- No Escrow Required
- Competitive Rates and Terms
- Fast In-House Processing, Underwriting, and Decisions
- Local Loan Servicing
Home Equity Loan
A Home Equity Loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term.
Members First offers the following terms on our Home Equity Mortgage loans:
- Loans up to 15 Years
- No Points or Origination Fees (borrower pays only a $285.00 Document Preparation Fee)
- No Intangible Tax
- No Private Mortgage Insurance (PMI)
- No Escrow
- No Closing Cost Specials**
Apply for a Loan SEE OUR RATES Compare
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) is a revolving line of credit, much like a credit card. Borrow as much as you need at any time without exceeding your credit limit. Also, because a HELOC is a line of credit, you make payments only on the amount that you actually borrow and not the full amount available.
Members First offers the following terms on our Home Equity Line of Credit loan:
- No Closing Cost Specials**
Apply for a Loan SEE OUR RATES Compare
** Limitations Apply.
Disclosures: Home Equity Early Disclosure & What You Should Know About HELOCs.
FHA Mortgages*
A FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration (FHA). A key benefit to an FHA loan is a lower minimum down payment requirement (as low as 3.5%). Also, because FHA mortgages are government-backed, the loan program makes it easier to qualify for credit.
*For rates on FHA, VA, Investment Property, and Reverse Mortgage loan options, contact our Mortgage Group at 850-434-2211 Ext. 842.
VA Mortgages*
A Veterans Affairs (VA) Mortgage is government insured by the U.S. Department of Veterans Affairs, making it easier for qualified active duty service members and veterans to get financing to buy a home. For more information on VA loans, visit benefits.va.gov/homeloans.
*For rates on FHA, VA, Investment Property, and Reverse Mortgage loan options, contact our Mortgage Group at 850-434-2211 Ext. 842.
Investment Property Loans*
Looking to buy a second home or investment property? Members First can assist. Contact our Mortgage Group at 850-434-2211 Ext. 842.
*For rates on FHA, VA, Investment Property, and Reverse Mortgage loan options, contact our Mortgage Group at 850-434-2211 Ext. 842.
Reverse Mortgages*
Contact:
Andy Berry
Reverse Mortgage Consultant
NMLS# 445479
Toll-Free: 866-408-6889
Fax: 866-525-6812
(8:00AM - 5:00PM CST)
Email: andyb@homeloancu.com
*For rates on FHA, VA, Investment Property, and Reverse Mortgage loan options, contact our Mortgage Group at 850-434-2211 Ext. 842.
Refinance Your Mortgage
RESOURCES
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MEET OUR MORTGAGE TEAM.
Tom Painter
Chief Lending Officer
NMLS# 490547
(850) 434-2211 Ext. 180
Email Tom
Rhonda Nelson
Mortgage Loan Manager
NMLS# 1119389
(850) 434-2211 Ext. 171
Email Rhonda
Mary Wade
Mortgage Loan Officer
NMLS# 490544
(850) 434-2211 Ext. 185
Email Mary
Amy Garrett
Mortgage Loan Processor
NMLS# 1470666
(850) 434-2211 Ext. 215
Email Amy
Is one of our Mortgage Team members busy or out of office? Email the Mortgage Group or call us (850) 434-2211 Ext. 842 and our next available team member will be there to assist you.
* For rates on FHA, VA, Investment Property, and Reverse Mortgage loan options, contact our Mortgage Group at 850-434-2211 Ext. 842
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