Helping Floridians reach their dreams of home ownership
  • Free prequalification
  • Various payment options
  • Everything handled locally

As a full-service mortgage lender, Florida Credit Union caters to first-time home buyers as well as current homeowners. Whether you're looking to purchase a home or refinance your mortgage, our products and services are designed to ensure you get the right personal mortgage for your unique needs. Read more about the mortgage products and services offered by FCU in our Mortgage Products Brochure

Fixed-Rate Mortgage

A fixed interest rate means your principal and interest payment will remain the same for the life of the mortgage.

  • Various term options*
  • Up to 100% financing available


Adjustable-Rate Mortgage

ARMs feature rates that will adjust periodically based on market conditions; however, the initial rate is typically lower than a fixed option. It's a good option if you plan to sell your house before the rate goes up.

  • Non-conforming with a 5-year fixed rate, then adjustable each year after
  • 2% annual caps, 6% for the life of the loan
  • Up to 100% financing available
  • Various amortization schedule**
  • No Private Mortgage Insurance (PMI)

Government-Backed Mortgages

These options help make homeownership more affordable for more people, including first-time buyers, with lower down payment requirements and low or no closing costs.

  • FHA: Borrow up to 96.5% of the home's value
  • VA: Up to 100% financing available to qualified veterans
  • USDA 502 Guaranteed: 100% financing available, depending on your income and property type

Home Equity Loans and Lines of Credit

The key to financing large expenses, such as home improvement projects, could be in your home's equity. Access your funds either as a lump-sum loan with a fixed rate or a flexible line of credit, paying interest only on the amount of money you use. Click here for more information.

Additional Mortgages

Come to Florida Credit Union for condo loans, loans for manufactured homes with land, construction loans and customized combo loans that mix mortgages, home equity loans and credit card options.

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FCU offers new construction loans to make your vision for a custom home a reality. Construction-to-permanent financing are one-time loans that fund construction and then convert into a permanent mortgage. During the construction phase, borrowers make interest-only payments.

  • Fixed rate and variable rate mortgage loan options available
  • Up to 100% financing on primary residences, 90% LTV for second homes, 80% LTV for investment
  • One-time closing (only one set of closing costs) saving you hundreds of dollars in closing costs
  • Permanent rate is locked before construction starts
  • No upfront application/appraisal fee
  • Land owned can be used to cover down payment and other costs
  • Manufactured home and land including single wide options
  • No waiting period for bankruptcy, foreclosures and short sales
  • Loan is an interest-only loan during the construction phase that converts to a conventional loan for final interest rate

Why select FCU for your construction loan?

  • Get guidance through the application process to help you make informed decisions
  • Fast pre-approval decisions, online or by phone
  • We make payments to your builder at agreed-upon key points throughout the process
  • Hands-on, local loan specialists always available to you by phone
  • Local underwriting and closing decision-makers
  • Free prequalification helps you determine the loan amount you can afford
  • No mortgage insurance on some loans
  • No intangible taxes or prepayment penalty clauses on conventional loans
  • Variety of payment options available
  • Make payments locally or online with most programs
  • All aspects of the loan process and decision are handled locally
  • Pre-approval: Before you start looking for the new home, discuss all of the features and benefits of the different programs that you may be considering, and choose which is best for you.
  • Communicate: Collaborate with your originator and your realtor to ensure that the property type you’re interested in fits the specific program guidelines, discuss the impact of fees, taxes and insurance to the budget and pre-approval.
  • Contract: Once you’ve found your new home and the contract is ratified, there are a lot of items within the contract that need to be complete for closing. This includes placing your formal application, signing your preliminary disclosures and more.
  • Closing: Finally, you’ll complete the formal process of completing your contract. After you sign the loan documents, and the ownership is transferred, you’ll obtain your keys.

A first home is the single most exciting purchase many people make in their lifetime. It can also be a wise personal and financial decision. If you are considering homeownership, it’s never too early to start planning. Though the process can feel overwhelming at times, it’s really nothing more than a series of practical steps. With our Road to Home Ownership Guide, we're taking every step with you. 



Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Web site ( HMDA data for many other financial institutions are also available at this Web site.

*Fixed Rate First Mortgage- Terms are 10, 15, 20 and 30 years. Maximum loan amount is $484,350. Credit and other restrictions apply.

**All Adjustable Rate Mortgage (ARM) loans have a 30 year amortization. ARM rates are subject to change during term of loan. Maximum amount for conventional loan $484,350. Jumbo loans-call for details.

The calculators found on this page are for information purposes only.   While the results of the calculators may be generally accurate, the results do not reflect any specific Credit Union accounts, loans or other products or services and may not exactly match the calculation methods used by the Credit Union (or any third party) for accounts, loans or other products or services.  These calculators should be used only for general informational purposes and should not be relied on for any specific transaction.

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