Home Loan Options Built to Fit Your Borrowing Needs
You know what you're looking for in a home. You know how many bedrooms you want and how big you want the yard to be. But do you know what you're looking for in a home lender? Do you know the advantages that come with working with a local lender? At UFirst Federal Credit Union, we are the local mortgage lender you can trust. We know the local markets, and our lenders work with you to understand your unique borrowing needs to find you the right loan with competitive terms and rates. We're here for you at every step of the lending process from pre-approval through closing and all decisions related to your loan are made by our lenders in our offices. Are you ready to experience the difference that comes with working with UFirst? Contact our lending team to get started.
Your Mortgage Loan Options at UFirst Federal Credit Union
Loan Options | What You Need to Know About This Loan |
|---|---|
Fixed-Rate Mortgages | Up to 80% maximum financing. Offers a consistent interest rate and monthly payments for the life of the loan. Ideal for long-term planning and stability. |
Adjustable-Rate Mortgages | Up to 80% maximum financing. Initial lower interest rates that adjust periodically based on market conditions. Suitable for those planning to move or refinance before the rate adjusts. |
PMI Mortgages | Up to 97% maximum financing. Requires Private Mortgage Insurance (PMI) for loans with less than 20% down payment. Helps buyers with lower down payments qualify for a mortgage. |
Construction Loans | Finance up to 80% of the cost to build. Allows you to lock your interest rate and close your loan before construction starts. Disbursements made during construction with interest-only payments. Converts to a permanent mortgage post-construction. |
FHA Loans | Backed by the Federal Housing Administration. Lower down payment requirements and more flexible credit guidelines. Ideal for first-time homebuyers or those with less-than-perfect credit. |
VA Loans | Available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. No down payment required and no PMI. |
USDA Loans | Designed for rural property buyers. Offers 100% financing with no down payment required. Income limits and property eligibility requirements apply. |
Investment Property Loans | Financing options for purchasing rental or investment properties. Typically requires a larger down payment and higher interest rates compared to primary residence loans. |
Secondary Home Purchases | Loans for purchasing a second home or vacation property. May require a larger down payment and higher interest rates compared to primary residence loans. |