Mortgages

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Mortgages & Home Buying

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Mortgage Loans

First Time Home Buyers

A home is the largest purchase most of us will ever make. A mortgage is the biggest loan most of us will ever have to borrow. You may have questions as you take the first steps toward purchasing a home, but we’ve put together some information to help you decide if you're ready to buy. The following are features and requirements to participate in FMFCU's First Time Buyers Program:

  • You can buy a home with as little as a 0%-3% down payment
  • This must be your first home or you have not owned one in the last three years
  • Your household income does not exceed the area’s median income limit
  • You will receive a reduced rate on a 30-year fixed rate mortgage

Apply Today

FMFCU offers several convenient ways to get pre-approved.
  • Apply with the loan officer associated with your branch - FMFCU Recommended
    We find it beneficial to have the help of one of our loan officers guide you through the pre-approval process
  • Apply using our express pre-approval (XPA) application
    You will be e-mailed a pre-approval letter upon the successful completion and submission of your application.  Realtors expect you to be pre-approved before your home search begins.  The XPA is a great way to get started.  We will contact you if any follow-up information is required.
    NOTE: The link above will take you to our partner site, OriginatorPro.

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