Obtaining a mortgage loan is easy when you partner with one of United Federal Credit Union's mortgage advisors. No matter what home financing needs you have, UFCU has the loan products to best serve your needs. Our product offerings include:
Fixed Rate Mortgage (FRM)
A mortgage with an interest rate and P&I payment that remain constant for the entire term of the loan.
Adjustable Rate Mortgage (ARM)
A loan with an initial fixed period (i.e., 5 or 7 years). After the fixed rate period, your interest rate and P&I payment amount may change-either up or down, depending on market conditions.
A mortgage that is equal to or less than the dollar amount established by the conforming loan limit set by Fannie Mae and Freddie Mac's federal regulator, the Federal Housing Finance Authority (FHFA).
A mortgage with a loan amount exceeding the conforming loan limits set by the Federal Housing Finance Authority (FHFA).
Any mortgage that is not guaranteed or insured by the federal government.
A mortgage that is guaranteed by the Department of Veterans Affairs (VA), the Federal Housing Administration (FHA), or the United States Department of Agriculture/Rural Development (USDA/RD).
Construction-to-Permanent (aka Construction/Perm) Loan
Funds the construction of a new home and then modifies to a permanent loan at the end of construction. The loan is closed for the total loan amount, and funds are withdrawn over time as the various phases of construction are completed. Upon completion of the home, the loan rolls to a permanent mortgage.
Provides financing to purchase a buildable, vacant lot on which you intend to build a home within the next five years.
Contact us today to explore your home financing options and find the loan program that's right for you!