Malden FCU is proud to offer our members Federally Secure Mortgage Programs – FHA, VA, Rural Housing, and Reverse Mortgages.
Several options for members looking to purchase or refinance and receive cash out.
- FHA/FHA 203K
- Purchases or Refinances with lower Fico scores and higher LTV’s. Solid fixed rate loans. Also loan rehabilitation on new or current homes.
- VA Mortgages
- 30 Year Fixed Rates 100% Financing No PMI Available on a purchases and 90% ltv cash out.
- Reverse Mortgages
- A valuable financial tool for seniors, 62 and older. This mortgage option gives them the opportunity to increase their monthly cash flow so they may live their life to the fullest.
- Rural Housing
- 100% financing on purchases in small suburban/rural areas. No PMI.
- Very Competitive Fannie Mae and Freddie Mac Rates.
Important! Above Mortgage products offered in partnership with Allanach Mortgage Group. Broker’s licenses MA# MB6033, NH# 5616, CT# 7160, FL# 345902, RI# 20051935LB
Fixed Rate Home Equity
If you want the flexibility of ready cash to remodel your home, consolidate your debt, buy a new car or manage unexpected expenses a home equity loan may be the best option for you.
- Check access for an easy hassle-free way to get the cash you need.
- Terms available are 7, 10, 15 and 20 Years
Home Equity Line of Credit
If you want the flexibility of ready cash to remodel your home, consolidate your debt, buy a new car or manage unexpected expenses a home equity line of credit may be the best option for you. The line of LOC is 20 year term, 10 yr draw , 10 yr payback period.