With current market conditions and interest rates at an all-time low, now may be the perfect time to invest in that second home, rental property, or vacation home. At HFS Federal Credit Union we make this possible by offering members an investor mortgage product that allows you to purchase real estate that is not your primary residence. With an investor mortgage from HFS FCU you will have access to valuable features such as:
- Competitive fixed interest rates
- Terms up to 15 years (Monthly P&I payments amortized over 360 months with a balloon payment due at 180 months)
- Local servicing – we keep and service all mortgage loans at HFS FCU which means making payments or asking questions is as easy as visiting any HFS FCU branch.
- Borrow up to 80% of the appraised value of the home
- Low closing costs
- No prepayment penalties
For more information on an investor mortgage from HFS FCU please contact the credit union at (808) 930-1400.
Apply today! Pick up a Real Estate Loan Application at any HFS FCU branch location.
SAFE Act Information
On July 28, 2010 the Nation Credit Union Association (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLOs to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Upon completing this registration, each MLO is provided with a Unique Identifier number from the NMLS. An MLO must provide this Unique Identifier number to each mortgage loan applicant upon request and prior to the employee acting as an MLO.
Click here for a listing of our Mortgage Loan Originators.
Please visit the NMLS registry website for more information.