Family First
Family First

Fraud Alert: We have received reports that our 585.586.8225 phone number is being spoofed with people claiming to be our Fraud Department and requesting personal information. Please do not give these people any personal information. Click here to read more. 

All Family First branches and the call center will be closed on Monday, September 4 for Labor Day. Have a safe and enjoyable holiday!

The Henrietta branch will be undergoing renovations during the next couple weeks which may lead to some dust and debris in the branch. We apologize for any inconvenience this may cause.

Adjustable Rate Mortgages

Adjustable-Rate Mortgages (ARMs) are great for our Members who are not looking to stay in a property long or anticipate significant growth in income!

The way an ARM works is you have a set, low fixed rate for a certain period of time, like 3, 5 or 7 years, then for the remainder of the loan the interest rate would adjust annually depending on the market. Properties that qualify for our Adjustable-Rate Mortgage are primary residences and second homes.  Family First offers the intermediate 5 Year ARM which is specifically designed to meet the needs of these members.  Prepayments made to principal go a long way to reducing your payments after your initial adjustment period.  Ask our Mortgage Team if this loan type can meet your needs on that new house or refinance.

Some Adjustable Rate Mortgages require Mortgage Insurance Premiums.  Here at Family First FCU, we offer several options including a “Piggyback Loan”.  Let us explain and find the best solution that demonstrates benefits and draw backs from a loan with PMI.

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