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Mortgage Loans

Mortgage Loans

Become a homeowner with UPFCU 1st Mortgage. You can build equity, take advantage of the tax benefits and enjoy the personal satisfaction that comes with home ownership.

Buying a home for the first time homeowner can be intimidating. We will help you with the terminology and walk you through the entire process step-by-step. To help you get started, here are a few things to consider:

  • How much house should you buy? Your monthly mortgage payment should not exceed 26% of your monthly income.
  • Down payment- At UPFCU we offer conventional mortgages, which means 20% down and no Private Mortgage Insurance (PMI) and for the qualified first-time homebuyers the down payment requirement is lowered to 10% with PMI
  • Closing Costs- The mortgage closing costs include your attorney's fee, our attorney's fee, title search, survey, insurance, mortgage tax and recording fees and could cost you as much as 6% of your mortgage. With us, these fees are much lower, saving you thousands of dollars.

Key Benefits:

  • Flexible mortgage options (fixed and adjustable rates with terms from 10 to 30 years).
  • Simple and affordable process.

For more information contact our mortgage department at 1-866-441-9703.

Home Equity Loans

Need extra cash to consolidate your debts or maybe remodel your kitchen? Possibilities are endless with our convenient home equity loan program. Our Home Equity Loan is a 2nd mortgage loan based on the available equity in your home. Home equity is the value difference between your home's appraised value and the balance of all of your mortgage loans. This value is known as the equity that you have in your home.

Our Home Equity Loans will help you with any home improvement projects, debt consolidation, education or medical expenses.

Key Benefits:

  • Flexible mortgage options.
  • Simple and affordable process.
  • Payment term up to 180 months.
  • Absolutely no cost to the member for loans not exceeding $50,000.

For more information contact us at 1-800-333-7713 or send us an email to info@up-fcu.com.

CU NMLS ID: 464203
This credit union is federally insured by the National Credit Union Administration.
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