MVFCU - Mortgage Loans

MORTGAGE LOAN PROGRAMS Purchase or Refinance, 1st lien position, 10 - 40 year terms
Primary residence or second home, maximum of 40 year term with a variety of program options available.
	We have a variety of mortgage loan programs that can provide up to 100% financing for purchase. Maximum Loan-to-value depends on purpose of loan, property type and strength of credit. Most programs will allow single family residence, duplex, triplex or fourplex, condominium or manufactured home.
Our mortgage loan programs include, but are not limited to, both traditional and non-traditional mortgage loan programs:
Click on our Mortgage Rates page for more info
	• Conventional • (Fannie Mae, Freddie Mac) • Interest Only mortgage loan programs (fixed rate and ARM) • Reduced Documentation Programs • Adjustable Rate (ARM) & Balloon programs • Jumbo Fixed Rate & Jumbo ARM programs • NO prepayment penalties!
Interest rates on mortgage loans are structured based on the daily market rates, the loan program, and on the members credit rating. Property taxes and insurance can be included with the loan payment. Mortgage loans made using the programs listed above may be transferred or retained for servicing. When you borrow from MVFCU you will NEVER have any pre-payment penalties!