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  Members First Credit Union of Florida FHA Mortgages

Members First Credit Union of Florida FHA Mortgages

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

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Members First Credit Union of Florida FHA Mortgages

Unaffiliated

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

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Highlights
Mortgage Programs FHA
Loan Amount N/A
Loan Term (Years) N/A

Members First Credit Union of Florida FHA Mortgages Review

Members First Credit Union of Florida FHA Mortgages 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 FHA Mortgages is available in 1 state across the USA.

Key Takeaways
  • Only offers one mortgage pogram. Members First Credit Union of Florida FHA Mortgages only provides FHA mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Standard interest rates types. Members First Credit Union of Florida FHA Mortgages offers adjustable-rate mortgages and fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Members First Credit Union of Florida FHA Mortgages does offer financing for primary and secondary homes (e.g. vacation properties).
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Members First Credit Union of Florida FHA Mortgages.
Members First Credit Union of Florida FHA Mortgages Pros & Cons
Pros Cons
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 1 state.
Members First Credit Union of Florida FHA Mortgages FAQ

What mortgage rates does Members First Credit Union of Florida offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Members First Credit Union of Florida FHA Mortgages offers home loans with APRs starting at 0% and up to 0%.

Does Members First Credit Union of Florida FHA Mortgages charge an application fee?

Do they charge mortgage origination fees?

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

What mortgage programs are available?

Members First Credit Union of Florida FHA Mortgages offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • 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%.

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

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

  • Primary home
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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
Intended Use Primary Home
Joint Loan Applications Accepted
  • Individual Applications
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • 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)
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs FHA

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