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  Members First Credit Union of Florida Construction to Permanent Mortgage

Members First Credit Union of Florida Construction to Permanent Mortgage

in Home Purchase Mortgages from Members First Credit Union of Florida · NMLS ID #490547

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Members First Credit Union of Florida Construction to Permanent Mortgage

Unaffiliated

in Home Purchase Mortgages from Members First Credit Union of Florida · NMLS ID #490547

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Highlights
Loan Amount N/A
Loan Term (Years) 1 - 30 years

Members First Credit Union of Florida Construction to Permanent Mortgage Review

Members First Credit Union of Florida Construction to Permanent Mortgage 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 Construction to Permanent Mortgage is available in 1 state across the USA.

Members First Credit Union of Florida Construction to Permanent Mortgage FAQ

What is the maximum loan term you can get with Members First Credit Union of Florida Construction to Permanent Mortgage?

Members First Credit Union of Florida Construction to Permanent Mortgage offers mortgages with terms ranging from 1 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 of Florida Construction to Permanent Mortgage offer?

Members First Credit Union of Florida Construction to Permanent Mortgage offers home loans with APRs starting at 3.25% .

Does Members First Credit Union of Florida Construction to Permanent Mortgage charge a mortgage origination fee?

No, Members First Credit Union of Florida Construction to Permanent Mortgage 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.

Does Members First Credit Union of Florida Construction to Permanent Mortgage charge prepayment fees?

No, Members First Credit Union of Florida Construction to Permanent Mortgage 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 of Florida Construction to Permanent Mortgage offer?

Members First Credit Union of Florida Construction to Permanent Mortgage 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%.
  • 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 First Credit Union of Florida Construction to Permanent Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Members First Credit Union of Florida Construction to Permanent Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

No Origination Fee
No Prepayment Fee
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Individual Applications
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 3.25%
Loan Term 1 - 30 years
Interest Rate Types Offered Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA

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