Are you ready to take the exciting leap into homeownership? MMCCU is excited to introduce our brand-new First-Time Homebuyer Loan, designed to make your home-buying journey smoother and more affordable.
Low Down Payment: With our First-Time Homebuyer Loan, you’ll only need a 3.5% down payment based on the lesser of the purchase price or appraised value. This means you can get closer to owning your dream home with a minimal upfront cost.
No PMI Required: Say goodbye to Private Mortgage Insurance (PMI). MMCCU’s First-Time Homebuyer Loan eliminates the need for PMI, saving you money and making homeownership even more accessible.
Flexible Mortgage Options: Whether you prefer a balloon payment or a fixed-rate mortgage, we’ve got you covered. Choose the option that suits your financial goals and lifestyle.
Membership Eligibility: To take advantage of this fantastic opportunity, you’ll need to become an MMCCU member. Our membership is open to those who meet our eligibility criteria, ensuring that our First-Time Homebuyer Loan is available to those who need it most.
Not for Refinancing: Please note that this loan is exclusively for purchasing your first home. Refinancing, second homes, vacation homes, and investment properties are not eligible.
Standard Underwriting Guidelines: Rest assured that our loan follows standard mortgage underwriting guidelines, providing you with a transparent and straightforward application process.
Are you ready to make homeownership a reality? Contact us today to learn more about MMCCU’s First-Time Homebuyer Loan and take the first step toward securing your dream home. Your journey to homeownership starts here!
Disclaimer: Terms and conditions may apply. Membership eligibility required.
