Lifetime Federal CU Home Mortgage Loans

Key Takeaways

• Wide selection of mortgage programs offered. Lifetime Federal CU Home Mortgage Loans offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• No primary residences considered. Lifetime Federal CU Home Mortgage Loans does not offer financing for primary homes.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Lifetime Federal CU Home Mortgage Loans.

Lifetime Federal CU Home Mortgage Loans Pros & Cons

Lifetime Federal CU Home Mortgage Loans FAQ

What is the maximum loan term you can get with Lifetime Federal CU Home Mortgage Loans?

What mortgage rates does Lifetime Federal Credit Union offer?

Do they charge mortgage origination fees?

What mortgage programs are available?

• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
• USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
• VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What is the customer service phone number?

What is the support contact email?