Loan Features
Enjoy the advantages of a Members 1st mortgage.Rate Advantage
Receive our lowest rate possible between application and closing.
5% Down Payment
Save with down payments as low as 5%1
Mortgage Options
Choose from a full suite of mortgage options tailored to your needs
Dedicated Mortgage Team
A team of mortgage experts to walk you step-by-step through the home-buying process.
What is Rate Advantage?
Rate Advantage provides mortgage loan applicants with added assurance and protection that they'll receive the lowest rate possible on their mortgage loan. After you have applied for your mortgage loan and you're ready to sign your closing loan documents, Members 1st will review all the daily loan rates published since the start of your application and award you with our lowest published rate during that span.
Rates
Conventional 30 Year Fixed
7.875%
Rate
8.070%
APR
Conventional 20 Year Fixed
7.750%
Rate
7.999%
APR
Conventional 15 Year Fixed
7.500%
Rate
7.804%
APR
Conventional 10 Year Fixed
7.500%
Rate
7.924%
APR
FHA 30 Year Fixed
7.500%
Rate
8.099%
APR
VA 30 Year Fixed
7.500%
Rate
7.526%
APR
All rates displayed have zero points.
Important Rate Information: This is not a quote. These rates are published weekdays near 10:00am EST. Interest rates fluctuate throughout the day and may be different at the time you apply and will likely differ based on your specific scenario. The information provided here is general and assumes only the following scenario: Purpose of the loan: Purchase a property. Property location: Redding, CA 96049 Property Type: Existing single family home Property Use: Primary Residence Estimated property value: $200,000 Estimated down-payment: $40,000 Loan amount: $160,000 (80% Loan to Value) Credit Score: 760 Escrow (impound) account is required. Rate lock period is 60 days. Fees: $3,000 to estimate closing costs in order to approximate an APR. For a quote with specifics to your scenario please click on rates which contain a link to a quoting or application tool.
Home Loan Services
We do business in accordance with the Fair Housing Act
(The Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988)The Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities.
Who is protected?
It is Illegal to Discriminate Against Any Person Because of Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin
- In the sale or rental of housing or residential lots
- In advertising the sale or rental of housing
- In the financing of housing
- In the provision of real estate brokerage services
- In the appraisal of housing
- Blockbusting is also illegal
How to Report Housing Discrimination
Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination:
1-800-669-9777 (Toll Free)
1-800-927-9275 (TTY)
www.hud.gov/fairhousing
U.S. Department of Housing and Urban Development
Assistant Secretary for Fair Housing and Equal Opportunity
Washington, D.C. 20410
1. Closing cost credit amount is $2,500. Credit towards costs at closing applies to Members 1st Credit Union (NMLS ID# 419964) loan applications for a single family, stick built, first lien, owner occupied residential purchase or refinance mortgage loan. Maximum LTV 95%. Minimum FICO 680. Eligible mortgage applications must be submitted between 3/11/2022 and 7/31/2022, and must close by 9/30/2022. Offer excludes no closing cost refinance products, FHA, VA, and RD mortgage loans. Credit will be applied to closing costs due at time of closing on the appropriate closing documents. This promotion may not be combined with any other promotion or discount, coupon has no cash or trade value. All applicants are subject to approval under Members 1st Credit Union underwriting guidelines. Subject to change without notice. Additional restrictions may apply, visit m1cu.org for details.
Rate Advantage provides applicant with the lowest daily published rate between their application date and loan closing date not to exceed 60 days. Offer applies to Members 1st Credit Union (NMLS ID# 419964) loan applications for a single family, stick built, first lien, owner occupied residential purchase mortgage loan. Maximum LTV 95%. Minimum FICO 680. Eligible mortgage applications must be submitted between 3/11/2022 and 7/31/2022, and must close by 9/30/2022. Offer excludes no closing cost refinance products, FHA, VA, and RD mortgage loans. This promotion may not be combined with any other promotion or discount, coupon has no cash or trade value. All applicants are subject to approval under Members 1st Credit Union underwriting guidelines. Subject to change without notice. Additional restrictions may apply, visit m1cu.org for details. Down payments less than 20% of the loan amount may be subject to private mortgage insurance (PMI).
Down payments less than 20% of the loan amount may be subject to private mortgage insurance (PMI).