FFCCU has partnered with myCUmortgage® to provide first mortgage financing options
Since 2001, myCUmortgage® has been a leading Credit Union Service Organization (CUSO) and has made it their mission to help credit unions, like ours, facilitate the programs and processes needed to fulfill members’ home lending needs. Together, we can help you make the dream of owning your own home a reality.
Types of first mortgages available:
Conventional: Have good credit, a steady income and can afford the down payment? Then this may be the best option for you. A conventional loan often offers lower closing costs and a variety of terms from 10, 15, 20, even 30 year fixed rate options.
Government-Backed Loans: FFCCU is qualified to offer several types of government-based mortgage loans, providing more flexible credit guidelines, while still offering attractive rates.
VA: Financing available to eligible veterans to help purchase properties with no down payment and no private mortgage insurance (PMI).
USDA: A loan for rural families and individuals with low and moderate-income, assisting in qualifying the borrower for mortgages even without a down payment.
FHA: These loans are insured by the government. They have easier credit qualifying guidelines, as well as relatively low closing costs and down payment requirements. Your down payment can be a gift from a family member or can even be borrowed.*
Use this handy calculator to estimate payments: