Last Updated: 04/18/2025
Members First CU Florida Home Loan Program
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Credit Score Range
600 - 850
Amount Range
$30,000 - $200,000
Maximum LTV
N/A
Loan Term (Years)
7 - 12.5
Members First CU Florida Home Loan Program Review
Members First CU Florida Home Loan Program is offered by Members First Credit Union of Florida (NMLS #490547), a credit union founded in 1954 and based in Pensacola, FL. Members First CU Florida Home Loan Program are available in 1 state.
Key Takeaways
- Only primary residences considered. Members First CU Florida Home Loan Program does not offer financing for vacation homes or investment properties.
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Members First CU Florida Home Loan Program.
Members First CU Florida Home Loan Program Pros & Cons
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Members First CU Florida Home Loan Program FAQ
How much can you borrow with a Members First CU Florida Home Loan Program home equity loan?
A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
Members First CU Florida Home Loan Program allows borrowers to apply for home equity loans of up to $200,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.
What fees does Members First CU Florida Home Loan Program charge for a home equity loan?
Members First CU Florida Home Loan Program may charge a loan origination fee
What types of property can you use as security for a home equity loan with Members First CU Florida Home Loan Program?
Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Members First CU Florida Home Loan Program will consider loans secured by the following property types:
- Primary home.
Is Members First Credit Union of Florida a legit company?
Members First Credit Union of Florida was founded in 1954, it is a well-established company that has been in business for 72 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday9:00AM - 4:30PMTuesday9:00AM - 4:30PMWednesday9:00AM - 4:30PMThursday9:00AM - 4:30PMFriday9:00AM - 4:30PMSaturday8:30AM - 12:00PM
Other Services by Members First Credit Union of Florida
Other Home Equity Loans from Members First Credit Union of Florida
Rating not yet determined
Credit Score Range
600 - 850
300
850
Amount Range
N/A
Maximum LTV
N/A
Loan Term (Years)
7 - 15
Rating not yet determined
Credit Score Range
600 - 850
300
850
Amount Range
N/A
Maximum LTV
N/A
Loan Term (Years)
1 - 5
Rating not yet determined
Credit Score Range
600 - 850
300
850
Amount Range
N/A
Maximum LTV
N/A
Loan Term (Years)
60
Rating not yet determined
Credit Score Range
600 - 850
300
850
Amount Range
Starting at $30K
Maximum LTV
N/A
Loan Term (Years)
Up to 15
Rating not yet determined
Credit Score Range
600 - 850
300
850
Amount Range
N/A
Maximum LTV
N/A
Loan Term (Years)
15 - 30
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