Members First CU Texas Home Purchase Refinance

Members First CU Texas Home Purchase Refinance Review

Members First CU Texas Home Purchase Refinance are offered by Members First Credit Union - Texas, a credit union founded in 1938 and based in Corpus Christi, TX. Members First CU Texas Home Purchase Refinance are available in 1 state across the USA.

Key Takeaways

• Only two mortgage programs offered. Members First CU Texas Home Purchase Refinance provides FHA VA conforming and conventional mortgages.
• Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
• Standard interest rates types. Members First CU Texas Home Purchase Refinance 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 CU Texas Home Purchase Refinance 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 CU Texas Home Purchase Refinance.

Members First CU Texas Home Purchase Refinance Pros & Cons

Members First CU Texas Home Purchase Refinance FAQ

What mortgage rates does Members First Credit Union - Texas 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 CU Texas Home Purchase Refinance offers home loans with APRs starting at 2.85% and up to 10.35%.

Do they charge mortgage origination fees?

Yes, Members First CU Texas Home Purchase Refinance may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Members First CU Texas Home Purchase Refinance offers the following mortgage types:

• 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 CU Texas Home Purchase Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Members First CU Texas Home Purchase Refinance allows the following property usage types: 

• Primary home

What is the customer service phone number?

The customer service number for Members First CU Texas Home Purchase Refinance is .

What is the support contact email?

The support contact email for is info@m1st.org.