SPECIAL OFFER!
Mortgages
No Closing Costs*Rate Freeze** for up to 90 days

Mortgage Loans

Whether you're looking to buy your first home, your next home, or you just want to refinance the one you've got, Community First Credit Union has mortgage loans to do it all. Reach out to our team Monday through Friday from 8 AM to 6 PM or Saturday from 9 AM to 3 PM.

Mortgage loan options for every homebuyer

First-Time Homebuyer Loan

Buying your first home is an exciting milestone. Our special First-time Homebuyer1 Loan simplifies the process with expert advice and special offers, including low- and no down payment options, so you can make your homeowner dreams a reality. Specially designed for first-time home buyers. These loans begin with a fixed interest rate for the initial term and then can adjust. Option to convert to a fixed rate available.

Learn more

Conventional Fixed-Rate Mortgage

Planning to stay in a modestly priced home for years to come? A Conventional Fixed-Rate Mortgage3 can be the right fit for your budget and is one of the most popular home loan options. Your interest rate remains the same for the life of the loan, so you'll have predictable monthly payments and no pre-payment penalties.

Jumbo Mortgage

If you're buying a bigger or more expensive home, a Jumbo Mortgage2  can get you a larger loan amount. Your interest rate is fixed and does not change, so you'll have predictable monthly payments and no pre-payment penalties.

Adjustable-Rate Mortgage (ARM)

If you plan to pay off your mortgage fast or buy a different home in 10 years or less, an Adjustable-Rate Mortgage (ARM)4 could be the right home loan for you. An ARM is a variable-rate loan with a special, low introductory rate, that converts (or "adjusts") to the market rate after a set period of time.
 

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC)6 uses the equity in your home to establish a line of credit for immediate and future lending needs. Tap into the equity in your home with a revolving HELOC. Access cash now and in the future with a 10-year draw period and generous lines up to $250,000. 

Plus enjoy 5.99%APR on your HELOC for the first 6 months.7

Learn More

Home Equity Loan

A Home Equity Loanmay be an excellent way to utilize the equity in your home for a variety of reasons. Borrow against the equity in your home with a fixed-rate Home Equity loan. Eligible borrowers can qualify for loans between $10,000 and $250,000 with flexible terms.*

Learn More

Refinancing your current mortgage

You may want to consider refinancing your current mortgage if you can lower your interest rate or if the value of your home has increased. But it's also a helpful tool that you can use for home improvements, debt consolidation, or to lower your monthly mortgage payment.
 
Learn More    Apply

Calculator | Mortgage Monthly Payment

CLICK HERE to see how much house you can afford.

FAQs

Am I eligible for membership at Community First Credit Union?

Community First Credit Union membership is open to anyone who lives, works, or attends school in one of the following Florida 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 employees of Brooks Rehabilitation, Miller Electric Company, and Web.com. Not sure if you qualify? Contact us.

What do I need to apply for a mortgage?
When applying for a mortgage with Community First Credit Union, it is helpful to have the following information on hand:
  • Your social security number
  • Valid United States Driver's License, Permanent Resident Card, or United States Passport
  • Your annual income
It's also helpful to begin gathering the following documents:
  • W-2 forms from the previous two years, if you collect a paycheck
  • Profit and loss statements or 1099 forms, if you own a business
  • Recent paycheck stubs
  • Your two most recent tax returns
  • A complete list of your debts, including credit cards, student loans, car loans, and child support payments, along with minimum monthly payments and balances
  • Lists of your assets, including bank statements, mutual fund statements, real estate and automobile titles, brokerage statements, and records of other investments or assets
Other documents may be required depending on the type of loan you're applying for and your financial situation. While the paperwork needed may seem daunting, you'll have a dedicated Home Mortgage Advisor who will guide you every step of the way and can identify what you need.
Does Community First charge origination, application, or credit report fees?
No, unlike most banks, Community First Credit Union will never charge an origination, application, or credit report fee.
How quickly will my mortgage loan close?
While every Mortgage loan is different, most Community First Credit Union Mortgage loans close in 30 days or less.
How can I request a Mortgage Pay Off Statement?
There are three easy ways to request a Mortgage Pay Off Statement at Community First. Choose the one that’s best for you below:
  • Contact our Automated Payoff System at 877-772-9633
    There is no fee for faxed payoff requests.
  • Reach out to our Member Service team at 866-843-2513
    Fees may apply.
  • Log into our Online Banking or Mobile Banking app.
    Then, navigate to your mortgage account and select “Download Payoff Statements.”

1First-Time Homebuyer Loan -  Up to 100% financing of purchase price at or below $400,000. Maximum loan amount is $400,000. Closing cost is paid by the borrower. No Private Mortgage Insurance required. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Other exclusions and restrictions apply. All mortgage loans subject to credit approval.

2Jumbo Mortgages - Minimum loan amount for jumbo mortgages is $766,551. The minimum down payment for a Jumbo Mortgage Loan is 10%. All mortgage loans are subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Offer may end at any time without notice.

3Conventional Fixed-Rate First Mortgage- Terms are 10, 15, 20 and 30 years. Maximum loan amount is $766,550. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Credit and other restrictions apply.

4All Adjustable-Rate Mortgage (ARM) loans have a 30 year amortization. ARM rates are subject to change during term of loan. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). Jumbo Loans - call for details.

5Home Equity Loan – Terms are 10, 15 and 20 years. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Credit and other restrictions apply. Title insurance may be required and is paid by borrower on home equity loans and HELOCs. Property insurance is required, and flood insurance may be required depending upon the location of the property. The amount of a home equity loan is based upon the current market value of the property, minus the amount of any current mortgages and other liens on the property. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). 

Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal if required. Fixed rate equity loan terms are 10, 15 & 20 years. Home Equity Loan payment example: $50,000 borrowed for a 10 yr. term at 7.720% APR would equal a payment of $599.27 a month. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Maximum loan-to-value is 90% of the property value. All Home Equity Loans are subject to credit approval. Some other restrictions may apply.

6Home Equity Line of Credit (HELOCs) – No Closing Cost. The Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. All Home Equity Loans and Lines of Credit are secured by a lien on your home. Full appraisal, paid by applicant, may be required in certain circumstances. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. The cost of the appraisal can range from $575 to $800 and is the responsibility of the borrower. The min. APR is 4.00%, the max is 18%. Certain restrictions and limitations apply. Subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). This offer may end at any time.

Community First will pay the closing cost associated with HELOCs, excluding the cost of a full appraisal if required. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Maximum loan-to-value is 90% of the property value. Minimum payments during the draw period is 1% of the outstanding balance. All Home Equity Lines of Credit are subject to credit approval. Some other restrictions may apply.
 

7Home Equity Line of Credit (HELOCs) – Introductory APR is 5.99% for the first six months. After six months, the Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. All Home Equity Loans and Lines of Credit are secured by a lien on your home. Full appraisal, paid by applicant, may be required in certain circumstances. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. The min. APR is 4.00%, the max is 18%. Certain restrictions and limitations apply. Subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). This offer may end at any time.

Community First will pay the closing cost associated with HELOCs, excluding the cost of a full appraisal if required. The cost of the appraisal can range from $575 to $800 and is the responsibility of the borrower. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Maximum loan-to-value is 90% of the property value. Minimum payments during the draw period is 1% of the outstanding balance. All Home Equity Lines of Credit are subject to credit approval. Some other restrictions may apply.

All offers may end at any time without notice.

*Special Offer - No Closing Cost - Community First's No Closing Costs Mortgage Offer is available on primary and secondary residences only. Community First will pay up to $5,000 of the actual closing costs associated with this new mortgage excluding appraisal fees, origination fee, discount points, prepaid interest, private mortgage insurance, funds needed to establish the member's escrow account and non-lender fees. Maximum loan amount $766,550. This special offer is not available for First Time Home Buyer products. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer may end at any time.

**Special Offer - Rate Freeze - The rate is frozen for up to 90 days while you shop for a home. A one-time fee will apply and is due upon issuing a pre-approval. Other restrictions and conditions apply. Contact us for details.