Home Loans With Ferguson FCU
Are you in the market for a new home or looking to refinance your current one? At Ferguson Federal Credit Union, we offer a variety of home loan options with competitive rates and personalized service to fit your needs.
Finding The Right Financing For You
Whether you are looking for a new home, refinancing a current one, or something else, Ferguson FCU is here to help. At Ferguson FCU, we understand that no two borrowers are alike, and we are committed to finding the right home loan for you.
Ferguson FCU strives to provide personalized services and ongoing support to all of our members throughout the entire loan process.
Home Mortgage Loans
Ferguson FCU offers several types of home loans for you and your family. Some key features of our home mortgage loans are:
Flexible terms
Local service
First-time homebuyer programs
Primary residence, second home, and investment properties
Conventional 3% down payment for first-time homebuyer loan
FHA and USDA-backed loans
Cash-out refinance up to 90% of the value of your home
Fixed-Rate Home Loans
One of our home mortgage loan options is our fixed-rate home loans. These loans are for those of you looking for stability in your monthly mortgage payments. With a fixed interest rate, your interest rate stays the same throughout the life of your loan, meaning your rate won’t be subject to market fluctuations.
Adjustable-Rate Home Loans
Another one of our home mortgage loans is our adjustable-rate home loan. These loans are for those of you looking to take advantage of lower interest rates in the short term. With adjustable-rate home loans, your interest rate will be fixed for a certain period of time, then adjusted based on market conditions. This kind of loan is ideal for those of you seeking to sell your home or refinance before the rate adjusts!
Home Equity Loans
If you are a current homeowner interested in borrowing against the equity of your home, Ferguson FCU offers home equity loans for you! Our home equity loans can be used for a variety of purchases, from home renovations and debt consolidations to major purchases! With a home equity loan from Ferguson FCU, you can take advantage of our flexible terms and competitive rates for your home equity loan.
Bridge Loans
Ferguson FCU also offers bridge loans for those of you in the process of buying a new home but have not yet sold your current one. Our bridge loans can help bridge the gap between the two transactions. With our bridge loans, you will be able to access the equity in your current home to use as a downpayment on your new home. Once your current home is sold, you can pay off your bridge loan. Ferguson FCU offers financing up to 90% of the combined value of your homes!
Land & Lot Loans
Looking to purchase land or a lot to build your dream home? Ferguson FCU offers land & lot loans so that you can finance the purchase of the property and then work with a builder to construct your new home!
Our land & lot loans allow you to purchase a lot or piece of land and stake your claim before you even think about construction. The benefit of this is that you can eliminate several unknowns that can come along when you build a new home.
Mobile Home Loans
Ferguson FCU also offers mobile home loans! Our rates are affordable and offer flexible terms. We offer competitive rates for the purchase of a new or used mobile home with accommodating repayment terms to fit your needs.
Obtain Your Home Loan With Ferguson FCU
At Ferguson FCU, we know how daunting the home loan process can be, which is why we are dedicated to providing you with a variety of services to make the process smooth and personalized! Our team is here to guide you through the process and find the best loan option that is right for you.
If you live, work, worship, attend school, or own a business in Amite, Copiah, Franklin, Jefferson, Jefferson Davis, Lawrence, Lincoln, Marion, Pike, Simpson, Walthall, or a portion of Rankin counties in Mississippi, you are eligible to become a member at Ferguson FCU! Become a member with us today to take advantage of our competitive rates and flexible terms.