Love your home

Apply Now

Buy a Home

First-time and existing homebuyers

Finding the right home with the right mortgage helps set a solid foundation for successful homeownership. We have the mortgage tools, information, and expertise to help you with the decisions you need to make along the way.

Apply Now
House Sold
Refinance Your House With Us

Refinance a Home

Reduce your payment or pay off your mortgage quicker.

Lower your monthly payment or reduce your mortgage term with a fixed 10- or 15-year mortgage. Save even more by paying no fees, no points, and no closing costs.1 Refinances are commonly used to:

  • Lower a monthly payment
  • Pay off a mortgage quicker
  • Roll another loan product into your mortgage
  • Cash out for large expenses
Apply Now

Different Mortgage Types

10- or 15-Year Refinance

Members can refinance their existing mortgage with Members 1st Credit Union for a 10- or 15-year term with a low fixed interest. Plus, they will pay no fees, no points, and no closing costs. Refinance mortgages are recommended for anyone looking to pay off their mortgage quicker, reduce their monthly payment, or pull out cash on the equity in their home.

Traditional 30 Year Mortgage

A traditional mortgage is usually a 30-year term with a fixed rate loan and typically requires a down payment. Traditional mortgages are not guaranteed or insured by any government agency. This type of mortgage is recommended for anyone looking to own a home with a rate that won’t change.

Adjustable Rate Mortgage (ARM)

Adjustable rate mortgages can offer lower interest rates and monthly payments at first because the borrower assumes the risk of changes in interest rates. Changes in interest rates are reflected during review periods determined by the type of ARM you choose and may result in an increased monthly payment. People who choose an ARM usually intend to sell or refinance before the rate adjusts upward. Adjustable Rate Mortgages are recommended for anyone looking for an affordable entry point for a mortgage and who are willing to assume the risk of changes in interest rates.

Jumbo Mortgage

A jumbo mortgage is a home loan with an amount that exceeds conforming loan limits of $417,000 imposed by Fannie Mae and Freddie Mac, the two government-sponsored enterprises that buy mortgages from lenders. Jumbo mortgages perform similarly to a traditional mortgage and are recommended for anyone looking for a mortgage at a price point above $417,000.

FHA Mortgage

FHA loans are mortgages insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss and allows the lender to offer attractive interest rates with less stringent and more flexible qualification requirements. FHA loans are recommended to anyone interested in a mortgage with a lower down payment and less stringent lending requirements.

USDA Mortgage

USDA loans offer low interest rates and low or no down payments for people interested in buying homes in rural areas. The USDA guarantees a mortgage issued by a participating local lender, allowing you to get a low interest rate, even without a down payment. USDA loans are recommended for anyone interested in a low interest rate mortgage with little or no down payment, in rural areas.

VA Mortgage

VA loans are mortgage loans guaranteed by the U.S. Department of Veteran Affairs. VA loans offer mortgages with no down payment to eligible American veterans or their surviving, not remarried, spouses. VA loans are recommended to any American veterans or their surviving, not remarried, spouses interested in a mortgage with no down payment.

Calculators and Resources

Get the answers to your mortgage questions.

Home Valuations

Rates

Fixed and variable rates to meet your needs.
Type APR as low as Rates Term Rate Sheets
10-Year Mortgage Refinance
3.750
%
Fixed 10 Years Apply Now
15-Year Mortgage Refinance
3.990
%
Fixed 15 Years Apply Now
Traditional 30-Year Mortgage View Rates Fixed 30 Years Apply Now
5/1 Adjustable Rate Mortgage View Rates Adjustable 30 Years Apply Now
7-Year Adjustable Rate Mortgage View Rates Adjustable 30 Years Apply Now
Jumbo Mortgage View Rates Fixed 30 Years Apply Now
FHA 15-Year Mortgage View Rates Fixed 15 Years Apply Now
FHA 30-Year Mortgage View Rates Fixed 30 Years Apply Now
USDA Mortgage View Rates Fixed 30 Years Apply Now
VA Mortgage View Rates Fixed 30 Years Apply Now

1. Members 1st Credit Union allows the option of obtaining a separate appraisal at the applicant's expense.

Apply now or speak with one of our loan officers at (800) 303-3838.