Mortgage Loans
Mortgage loan options for every homebuyer
First-Time Homebuyer Loan
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Conventional Fixed-Rate Mortgage
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)
Home Equity Line of Credit (HELOC)
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Home Equity Loan
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Refinancing your current mortgage
Mortgage Loan Calculator
Our dedicated Home Mortgage Advisors make homebuying and refinancing less stressful. They're here to listen, guide, and advise you every step of the way so you can get the loan that's right for you and your budget.
There are a lot of factors to consider when determining how much house you can afford. Our team explains them all.
Are you weighing the pros and cons of homeownership versus renting? We've got you covered so you can decide what's right for you.
Mortgage the easy way, with us on your side. Download this useful guide to learn more about each step of mortgage process from applying to closing.
Your credit score is a significant financial indicator for potential lenders. Find out why your credit score is so important and how you can improve it.
FAQs
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.
- Your social security number
- Valid United States Driver's License, Permanent Resident Card, or United States Passport
- Your annual income
- 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
- 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 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 $500,000. Maximum loan-to-value is 90% of the property value. Minimum payments during the draw period is the interest accrual during the billing periods. All Home Equity Lines of Credit are subject to credit approval. Some other restrictions may apply.
6Home Equity Loan – Terms are 10, 15 and 20 years. Minimum loan amount is $10,000. Maximum loan amount is $500,000. 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 $500,000. Maximum loan-to-value is 90% of the property value. All home equity loans are subject to credit approval. Some other restrictions may apply.
*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.