Buying a Home

No one likes the hassle of buying a home the old way, including us. That’s why we’ve invested our energy into streamlining and updating the entire mortgage process. Below we’ve laid out the home buying process and loan options for you to choose from.

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Home Loan Options:

  • Fixed Rate Mortgages**: These mortgages are the simplest. Your loan payment will not change over the life of your loan because your interest rate cannot change. These are among the most popular loans for those reasons (Total payment may change due to escrow adjustments).

  • Adjustable Rate Mortgages(ARMs)***: offer a lower starting interest rate and therefore, a lower monthly payment. Your rate and your payment may change, though, as time goes on.

  • Investment Property Mortgages: Good for those interested in buying homes for income generating purposes.

  • Vacation Home Mortgages: Good for those interested in purchasing a home to occupy for a portion of the year.

Federally insured by NCUA. Membership is open to anyone who lives, works, or attends school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia. Membership is also open to any relative of an existing or eligible Community First Credit Union of Florida member. We also offer membership to Select Employer Groups, including all employees of Brooks Rehabilitation and Web.com. An initial deposit of $5 to be held in your Community First Share account is required for membership. *Community First's No Closing Costs Mortgage Offer is available on primary and secondary residences only. Community First will pay the actual closing costs associated with this new mortgage up to $5,000, excluding origination fee, discount points, prepaid interest, private mortgage insurance and funds needed to establish the member's escrow account. Minimum loan amount $100,000. This special offer is available on all conventional first mortgage programs. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer may end at any time. **Fixed rate first mortgage- Terms are 5, 15, 20 and 30 years. Maximum loan amount is $417,000. Credit and other restrictions apply. ***All Adjustable Rate Mortgage (ARM) loans have a 30 year amortization. ARM rates are subject to change after loan closing. Maximum amount for conventional loan $417,000. Maximum loan amount for FHA loan $387,500. Jumbo rates-call for details. ****Fixed Second Mortgage - Terms are 5, 15 and 20 years. Minimum loan amount is $10,000. If loan is paid in full within one year of the date of the loan, a pre-payment penalty up to $1,000 may apply. Credit and other restrictions apply.