Simple and stress-free!

Home Loans.


 

Home Loans
Farmers Insurance Group Federal Credit Union has the resources and financing options to make buying a home simple and stress-free!

FIRST MORTGAGES
FIGFCU offers:

  • Fixed and adjustable rate loans
  • Flexible terms from 10 to 30 years
  • Little or no down payment options
  • No Point options
  • No PMI (Private Mortgage Insurance) options
  • Options for members with less-than-perfect credit
  • Loans up to $1.5 million
  • Refinancing options
  • Online loan application

FIGFCU offers first trust deeds in all states except Louisiana, Hawaii, Alaska and Alabama.

Real Estate Rebate
Your Credit Union can help you get a big cash rebate at closing! Click here to learn more.

Home Loan Assistance Program
The Home Loan Assistance Program reduces mortgage costs and increases eligibility for qualified Credit Union members hoping to buy a home. To qualify, a borrower's household income must be 100% or less of the area median income, except for certain "high-cost" areas.

Members benefit from:

  • A three-year adjustable rate mortgage at 1% below national average
  • Rate adjustments capped at 1% per year, and 5% over the life of the loan
  • Maximum down payment of 3%, gifts and grants permitted

Apply Online
Applying for a home loan online is easy. The application only takes about 20 minutes and you can save it at any time and return later to complete it. It’s faster and easier to complete if you have a copy of your recent paycheck stub nearby, as well as information about the home you are interested in purchasing.

Click here to apply for a home loan online.

HOME EQUITY LOANS
A Home Equity Loan is the perfect solution for large one-time purchases such as debt consolidation or buying a car. With a Home Equity Loan, you can borrow up to $350,000 with terms up to 20 years, and you’ll pay no fees** if the loan is funded.

Home Equity Line of Credit (HELOC)
If you’re planning to make home improvements over a long term or paying for a college education over the next 4 years, you may want to consider a HELOC. You can make withdrawals from your credit line as needed for up to 10 years. And you only make payments on the amount you’ve withdrawn.

With a HELOC, you also get:

  • No closing costs
  • Up to 85% financing
  • Credit line up to $350,000
  • No annual fee if the average balance is $15,000 for previous 12 month period
  • Possible tax deductible interest (Consult your tax advisor)
  • Farmers homeowner’s policy rebates

Home Equity Loans and Home Equity Lines of Credit are also available on rental properties.**

To find out if a Home Equity Loan or Line of Credit is right for you or to apply for a loan, call 800.877.2345 or visit your local FIGFCU branch.

 


*FIGFCU’s Home Equity Loans and HELOCs are only available in the following states: AZ, AR, CA, CO, ID, IL, IN, KS, MI, MN, MO, NV, NM, OH, OK, OR, TN, UT, WA, WI.

** The fee waiver is for owner occupied homes. Loans funded on rental properties will include processing fees.