Union Member Homebuyers Program

 

shutterstock_225112594-e1415985228383_957x417Only at First Federal Credit Union!

About Our Program

We would like to help local union employees finance the purchase of their next house while simplifying the home buying process. A special pool of funds has been established to help Cedar Rapids area union members finance their next house. Loan terms are designed to recognize the benefits of belonging to a union including job tenure, down payment requirements and even closing costs.

Any union member that lives or works in Linn County is eligible to apply for financing through the Union Member Homebuyers Program.

Cedar Rapids and the surrounding areas are a great place to live and work and First Federal Credit Union would like to help union members achieve financial success.

Program Details

  • Minimum down payment of 3% of purchase price
  • Down payment funds can be a gift from a family member
  • A Union Member Homebuyers borrower will receive a ¼% interest rate discount from standard FFCU rate
  • Borrower is required to escrow for property taxes and insurance
  • Closing cost reduction of $500
  • Special Union Members Homebuyers Program is the First Federal FIRST 10 loan.  Borrowers have the same rate for the first TEN years of the loan
  • Borrower will be required to escrow for taxes and insurance
  • Other terms and conditions apply
  • Maximum loan amount of $300,000

Contact Mortgage Loan Expert Dan Hillers today!

319.362.3171 or 319.560.4233

Mortgage RatesIcon For: Mortgage Rates

30 Year Fixed
Rate
4.125%
APR
4.251
Points
.25
15 Year Fixed
Rate
3.25%
APR
3.426
Points
0
5 Year Fixed/ARM
Rate
2.875%
APR
3.185%
Points
0
10 Year Fixed/ ARM
Rate
3.625%
APR
3.893%
Points
0.00
Mortgage Loan Officer

Please call 319.362.3171 for rates and products not displayed. Rates are based on the following assumption: Loan amounts between $126,000 – $417,000. A 75% Loan-to-Value ratio. Credit Score of 720 or higher. Subject to approval.

Dan HillersIcon For: CEO Message

Image For: CEO

Mortgage Officer

Office: 319-362-3171
Cell: 319-560-4233

Send an Email

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