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  Members First Credit Union of Florida Velocity Home Loan Program

Members First Credit Union of Florida Velocity Home Loan Program

in Home Equity Loans from Members First Credit Union of Florida · NMLS ID #490547

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Members First Credit Union of Florida Velocity Home Loan Program

Unaffiliated

in Home Equity Loans from Members First Credit Union of Florida · NMLS ID #490547

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Highlights
Loan Amount $30,000 - $200,000
APR  (Fixed APR) 2.99% - 3.25%
Loan Term (Years) 7 - 12.5 years

Members First Credit Union of Florida Velocity Home Loan Program Review

Members First Credit Union of Florida Velocity 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 Credit Union of Florida Velocity Home Loan Program is available in 1 state across the USA.

Members First Credit Union of Florida Velocity Home Loan Program FAQ

How much can you borrow with a Members First Credit Union of Florida Velocity 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 Credit Union of Florida Velocity 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.

What home equity loan rates does Members First Credit Union of Florida Velocity Home Loan Program offer?

Members First Credit Union of Florida Velocity Home Loan Program offers home equity loans with a fixed APR that ranges from 2.99% up to 3.25%.

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Members First Credit Union of Florida Velocity Home Loan Program charge for a home equity loan?

Members First Credit Union of Florida Velocity 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 Credit Union of Florida Velocity Home Loan Program?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Members First Credit Union of Florida Velocity Home Loan Program will consider loans secured by the following property types:

  • Primary home.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 9:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 8:30am - 12:00pm

Other Services by Members First Credit Union of Florida

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Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Mortgage Features No-Closing-Costs Option
APR (Fixed APR) 2.99% - 3.25%
Loan Amount $30,000 - $200,000
Loan Term 7 - 12.5 years
Interest Rate Types Offered Fixed-Rate Mortgage

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