Last Updated: 04/18/2025
MembersFirst Credit Union First Mortgage Loans
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Home Mortgage Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
600 - 850
Amount Range
N/A
Loan Term (Years)
10 - 30
MembersFirst Credit Union First Mortgage Loans Review
MembersFirst Credit Union First Mortgage Loans is offered by MembersFirst Credit Union (NMLS #452961), a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union First Mortgage Loans are available in 1 state.
Key Takeaways
- Wide selection of mortgage programs offered. MembersFirst Credit Union First Mortgage Loans offers FHA, VA, jumbo, 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. MembersFirst Credit Union First Mortgage Loans offers adjustable-rate mortgages and fixed-rate mortgages.
- Only primary residences considered. MembersFirst Credit Union First Mortgage Loans does not offer financing for vacation homes or investment 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 MembersFirst Credit Union First Mortgage Loans.
MembersFirst Credit Union First Mortgage Loans Pros & Cons
| Pros | Cons |
|
|
MembersFirst Credit Union First Mortgage Loans FAQ
What is the maximum loan term you can get with MembersFirst Credit Union First Mortgage Loans?
MembersFirst Credit Union First 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 mortgage rates does MembersFirst Credit Union 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.
Do they charge mortgage origination fees?
Yes, MembersFirst Credit Union First Mortgage Loans may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, MembersFirst Credit Union First Mortgage Loans 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%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does MembersFirst Credit Union First Mortgage Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. MembersFirst Credit Union First Mortgage Loans allows the following property usage types:
- Primary home
What is the customer service phone number?
The customer service number for MembersFirst Credit Union First Mortgage Loans is .
What is the support contact email?
The support contact email for is feedback@membersfirstga.com.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:30PM
Tuesday
9:00AM - 4:30PM
Wednesday
10:00AM - 4:30PM
Thursday
9:00AM - 4:30PM
Friday
9:00AM - 4:30PM
Saturday
9:00AM - 1:00PM