Mortgage FAQs

MemberFirst Mortgage

Who is Member First Mortgage and what is your relationship with One Source FCU

How do I know which loan program is the right fit for me

How much can I afford

Can I get advice from a One Source FCU Mortgage Loan Officer if I’m not ready to apply

What should I do first when looking to purchase a home

Are there mortgage loan programs available for people with bad credit

How does my past credit history affect my ability to get approved

Are there loan programs available with a low down payment or no down payment

What is an escrow account and why do I need one

How will my property taxes be paid

What is Private Mortgage Insurance (PMI) and why do I need it

What is the difference between a Fixed Rate Mortgage and an Adjustable Rate Mortgage (ARM)

What information should I have ready when applying

What is an appraisal and why do I need one