First Mortgage


*APR = Annual Percentage Rate
**Remaining equity after all mortgage loans on property.
Rates valid for 45 days from date of application.
The Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater than stated.


A non-refundable $300 ($450 on Multifamily) fee covers the appraisal, and is payable before the appraisal is ordered. If the appraised property market value is not adequate to make the loan under credit union equity requirements, the appraisal fee is forfeited and not returned. If the loan proceeds to closing, a fee for title search, attorney fees, and administrative fees will be payable at closing for the actual cost of the aforementioned items, estimated at an additional $1200 - $2500.

Equity Requirements/Terms

  • Borrow up to 80% of the appraised property value
  • Maximum term: 25 years
  • Maximum Loan Amount: $500,000.00
  • Minimum Loan Amount: $15,000.00
  • Taxes and insurance premiums are not escrowed and are the responsibility of the borrower
  • Out of state properties may not be used as collateral

Title Insurance

First mortgage loans require member paid title insurance.

Flood Insurance

All first mortgage loans require a flood search to determine whether the property is located in a flood zone. Member paid flood insurance may be required.

Rewrite Policy For existing NFFCU Mortgages

An additional 5% of outstanding balance or $5,000 must be borrowed, whichever is greater.


Approximately four weeks. The Credit Union is an Equal Housing Lender. Property must be an owner occupied one to four family dwelling.

A Credit Union mortgage or home equity loan is a great way to pay off existing high interest debt, finance an auto purchase, tuition, or home repair, and the interest you pay may be tax deductible on your federal income tax return! Please consult your tax advisor.

Additional types of Mortgage Information, from our partner Allanach Mortgage



FHA 203k Rehab


Purchase Rehab


Click on the link below for information on traditional 30 year mortgage terms, and other products.

Home Insurance

Proof of home insurance is required prior to the closing. The amount of insurance must be equal to the amount of your loan or the policy must contain a guaranteed replacement clause. For a no obligation quote click here:

Mobile Home & Manufactured Home

Click here to see our mobile home/manufactured home rates.

Effective date: 11-01-18


  • Equal Housing Lender NCUA
  • Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. government agency