Florida Credit Union’s mortgage products feature many benefits including:
- 100% Financing Available
- Free Pre-qualification ~ determine the loan amount you can afford before house-hunting
- No Mortgage Insurance on some Loans
- No Intangible Taxes or Pre-Payment Penalty Clauses
- FCU is the only local credit union Fannie Mae Seller / Servicer
- Loans generally stay in-house
- Make payments locally or online
Escrow Account Disclosure Guide
Fixed Rate
ARMs
Construction to Permanent
Interest First
Combo Loan
Manufactured Homes
Vacant Land
Fixed Rate
- 15-, 20- and 30-year
- 90 & 100% Loan to Value
- Interest-only options
1 -3- 5- 7-10/1 ARMs
- Conventional and non-conventional have a fixed rate, then adjustable. 2% annual caps, 5% life of the loan.
- 90, 95, and 100% financing available
- 30- year amortization.
- Options for no P.M.I.
Construction to Permanent
- Available with ANY of our products.
- With ARMs, you can lock your rate at the time of application. This mortgage is convertible at the end of the period
- 30- year, 95% financing
- Minimal construction fees on all products
Interest First Fixed Rate Mortgages
Buy More.
Qualify for More.
Pay Principle Later.
With an interest-first mortgage from FCU you can buy more house now! This loan gives you time to pay off other bills and pay on your home’s principle later. That means more money to save for college educations, and other large expenses.
- 30-year fixed
- Your choice of interest-only periods of 10 or 15 years
- Available on condos too
- Owner-occupied residences only
- Financing up to 95%
- PMI not required on Loan to Values less than 80%
How it works
You choose how long you pay interest only; 10- or 15-year terms. After your interest-only term, your payment then includes principle based on a fully amortizing loan until maturity.
Combo Loan
Choose from any of our mortgage products, home equity loans, and credit cards to create a custom loan.
Single/Doublewide Homes with Land
Vacant Land
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Accounts
