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  Members 1st Credit Union Mortgage Loans

Members 1st Credit Union Mortgage Loans

in Home Purchase Mortgages from Members 1st Credit Union · NMLS ID #419964

Unaffiliated

Members 1st Credit Union Mortgage Loans

Unaffiliated

in Home Purchase Mortgages from Members 1st Credit Union · NMLS ID #419964

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Highlights
Loan Amount Starting at $50,000
Loan Term (Years) 10 - 30 years

Members 1st Credit Union Mortgage Loans Review

Members 1st Credit Union Mortgage Loans is offered by Members 1st Credit Union (NMLS #419964), a credit union founded in 1936 and based in Redding, CA. Members 1st Credit Union Mortgage Loans is available in 1 state across the USA.

Members 1st Credit Union Mortgage Loans FAQ

What is the maximum loan term you can get with Members 1st Credit Union Mortgage Loans?

Members 1st Credit Union Mortgage Loans offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Members 1st Credit Union Mortgage Loans offer?

Members 1st Credit Union Mortgage Loans offers home loans with APRs starting at 2.99% .

Does Members 1st Credit Union Mortgage Loans charge a mortgage origination fee?

No, Members 1st Credit Union Mortgage Loans does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What mortgage programs does Members 1st Credit Union Mortgage Loans offer?

Members 1st Credit Union Mortgage Loans offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Members 1st Credit Union Mortgage Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Members 1st Credit Union Mortgage Loans allows the following property usage types: 

  • Primary home
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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

No Origination Fee  
Origination Fee ($) $0
Origination Fee (%) 0%
Late Fee Amount Starting at $10
Late Fee Grace Period 10 days
Credit Score Range 680 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use Primary Home
Joint Loan Applications Accepted Individual Applications
Maximum LTV 80%
Minimum Down Payment Starting at 20%
Property Type Single Family Home
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)
Primary Residence  
APR Starting at 2.99%
Loan Amount Starting at $50,000
Loan Term 10 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA
  • Conventional Mortgages
  • Jumbo

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