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  Members First Credit Union First Mortgages

Members First Credit Union First Mortgages

in Home Purchase Mortgages from Members First Credit Union · NMLS ID #824420

Unaffiliated

Members First Credit Union First Mortgages

Unaffiliated

in Home Purchase Mortgages from Members First Credit Union · NMLS ID #824420

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Highlights
Loan Amount N/A
Loan Term (Years) 10 - 30 years

Members First Credit Union First Mortgages Review

Members First Credit Union First Mortgages is offered by Members First Credit Union (NMLS #824420), a credit union founded in 1936 and based in Midland, MI. Members First Credit Union First Mortgages is available in 1 state across the USA.

Members First Credit Union First Mortgages FAQ

What is the maximum loan term you can get with Members First Credit Union First Mortgages?

Members First Credit Union First Mortgages 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 First Credit Union First Mortgages offer?

Members First Credit Union First Mortgages offers home loans with APRs starting at 2.122% .

Does Members First Credit Union First Mortgages charge a mortgage origination fee?

Yes, Members First Credit Union First Mortgages may charge a loan origination fee.

Does Members First Credit Union First Mortgages charge prepayment fees?

No, Members First Credit Union First Mortgages does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does Members First Credit Union First Mortgages offer?

Members First Credit Union First Mortgages 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%.

What property usage types does Members First Credit Union First Mortgages allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Members First Credit Union First Mortgages allows the following property usage types: 

  • Primary home
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Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

No Prepayment Fee
Credit Score Range 600 - 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 97%
Minimum Age 18
Minimum Down Payment Starting at 3%
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
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 2.122%
Loan Term 10 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • Conventional Mortgages

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