About Us
MPS Credit Union can provide you with a home mortgage loan that best fits your personal needs. From first, second, and home equity mortgage loans, we have the loan that is right for you. If you are looking to buy your first home or if you want to take advantage of current rates to lower your monthly payment, MPS Credit Union can help you. In order to provide you with the best possible service and loan terms, we have teamed up with FEMBi Mortgage (First Equity Mortgage Bankers, Inc.) to process and approve home loans for our members.
The ”Your Home Loan Toolkit” booklet explains the most important steps that you need to take to get the best mortgage for your personal situation. The Toolkit will help you get a better understanding of the closing costs associated with the purchase or refinance of a home loan. In addition, the Toolkit explains how your credit and credit scores affect the interest rate and fees that you will pay, and provides you with interactive worksheets, checklists, and additional instructive resources. Please click here to download the “Your Home Loan Toolkit”.
MORTGAGE CALCULATOR
BUY A HOME
Steps for buying a home:
1. Get pre-approved With a pre-approval, you have a head start on the process, and the seller will know you are a serious and able buyer.
2. Start searching for a home If you are not working with a realtor, we can refer you to one that specializes in your area. You will be matched with all the listings that fit your needs. The best part? It’s completely free.
3. Sign a purchase agreement Once you’ve found your home, you’ll sign a purchase agreement. With your pre-approval, you already have a head start on the process!
4. Close on your mortgage This is where FEMBi clients reap the rewards. You’ll close quickly, which means you’ll be in your new home soon.
5. Move in! There’s nothing like the feeling of moving into a new home. You may come up with new questions after settling in. Our experts will answer your questions for the life of your loan.