5-Year Balloon Mortgage
A balloon mortgage is a short-term loan that offers lower monthly payments and usually a lower interest rate than a traditional fixed-rate mortgage because it is not fully paid off at maturity. At the end of the loan term, your monthly payment “balloons” to include payment of the outstanding principal.
Please contact an MVFCU loan officer for more information, or to request an application to be sent to you via mail or email.
- All rates and terms are subject to change without notice.
- Property must be located in the State of Alaska or Hawaii.
- The primary borrower must be an MVFCU member or able to
become an MVFCU member prior to closing of the loan.
- The property must be either a primary residence or a second home.
The application package is in PDF format and can be simply printed and filled in. Once you have completed the packet,
call us at (907) 745-9165 or (907) 694-4891, select option 5, x165 during regular business hours to set up an appointment.
If you have any questions about the loan application package, call us at the above number, we're here to help you!