MVFCU can Finance your Dream Home!
We live, work, and play locally and we appreciate your business!
We have a variety of mortgage loan programs available for the purchase, construction, or refinance of your home.
A Conventional Mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.
Monthly principal and interest payments on a conventional fixed-rate mortgage remain the same for the life of the loan making it an attractive option for borrowers who plan to stay in their home for several years.
10-Year MortgageDiscover the Power of 10!
When you refinance your home these days you have a lot of options, but we want you to focus on your savings.
The single most important factor in your savings is the length of your loan. If you finance for 30 years, you might have a slightly lower payment now, but you'll still buy your home almost three times before you're finished.
Veteran Affairs (VA)
A VA loan is a mortgage loan made by MVFCU and guaranteed by the Department of Veterans Affairs. These loans are made available to veterans and current military personnel, and usually require a lower down payment than other types of loans.
Have you dreamed about owning your own recreational getaway, a place to call "home away from home?"
MVFCU can finance the cabin or recreational property that your family has always wanted!
Loans made under our in-house programs will be serviced by the good folks right here at MVFCU. You will never have a pre-payment penalty on any loan made with MVFCU!
MVFCU can finance your dream property! Loans made under our in-house programs will be serviced by the good folks right here at MVFCU. You will NEVER have a pre-payment penalty on any loan made with MVFCU!
Property must be accessible by road.
Home Equity Line of Credit (HELOC)
HELOC stands for home equity line of credit, or simply "home equity line." It is a loan set up as a line of credit for some maximum draw, rather than for a fixed dollar amount.
Alaska MVFCU members are able to apply for a construction loan as an owner-builder. Typically, the owner-builder will personally manage or significantly participate in the construction of their new home.
Jumbo loans, as indicated by their name, are larger than conventional mortgages and classified as non-conforming. The reason for the distinction, aside from their cost, is their underwriting guidelines. For some jumbo loans, the underwriting process might require getting more than one appraisal to verify the actual value of the property. And the borrower may have to undergo even more financial investigation and submit more paperwork than normal to be approved.
USDA Rural Development Loans
Home loans to help members to become homeowners
When you pruchase a home in the Matanuska Susitna Valley it is possible that it qualifies for financing under the USDA Rural Development loan program. This loan program is an income driven program designed to promote homeownership in more rural areas of Alaska and Hawaii.
USDA loans require 0% down-payment and have lower Mortgage Insurance than standard Conventional or FHA loans.
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 property must be either a primary residence or a second home.
- The primary borrower must be an MVFCU member or able to become an MVFCU member prior to closing of the loan.
- MVFCU is an approved lender for Alaska Housing Financing Corporation.
- MVFCU is an approved lender for USDA.