Uncategorized

Piggyback Mortgages Piggyback Mortgages, commonly called “Combo” or “80-10-10 mortgages” are transactions where a second mortgage or home equity loan is taken out simultaneously to a first mortgage.  Typically, real estate transactions include just one mortgage, but a piggyback mortgage includes two.  Piggyback mortgages are often compatible with a new purchase or an existing refinance […]

FHA Mortgages With an FHA loan, the minimum down payment is a low 3.5% of the purchase price, making this an affordable option for those wanting to purchase or refinance a home with little cash down.  These loans are insured by the Federal Housing Authority through the Department of Housing & Urban Development (HUD) and

Veterans Affairs Home Loans VA loans are guaranteed by the Department of Veterans Affairs and are available to military veterans and active duty military (or their surviving spouse).  VA loans can help eligible veterans to purchase or refinance a home with zero down payment!  Additional flexibilities within this product can make it one of the

U.S. Department of Agriculture Loans Living in a rural or agricultural area? You may be eligible for a United States Department of Agriculture (USDA) loan.  The USDA maintains a list of areas in which financing may be eligible and the amount of income earned is a factor.  Contact the Mortgage Team with the address of

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

Vacation Homes & Investment Property Mortgages Family First FCU recognizes that Vacation and Investment property financing can present challenges but we have solutions.  Please contact the Mortgage Team to review your needs.  Each transaction and its accompanying financing package are individually designed to find solutions for you to consider.