Great Rates. Great Service. Great Results.
Whether you are looking to buy a new home or refinance, One Credit Union will guide you to the best mortgage to fit your budget with programs for first-time home buyers, Veterans, FHA, Fixed Rates, Adjustable Rates (ARMs), Conventional or Jumbo programs.
Frequently Asked Questions
Simply apply online through our secure online system by clicking the Apply Now button above. If you prefer to speak with a loan officer, contact us at (800) 578-5024.
What is a P&I payment?
How can I start my application?
P&I is the combined principal and interest you pay your lender each month. The principal amount repays a portion of the amount of money originally borrowed. The interest amount pays the monthly interest accumulated on your outstanding balance. Your total payment will typically include additional items, such as real estate taxes and insurance premiums.
What is an origination charge?
The origination charge is the amount charged for services performed on the initial loan application and loan processing. This includes all charges (other than discount points) that lenders and brokers involved in the transaction will receive for originating the loan. It includes any fees for application, processing, underwriting services, and payments from the lender for origination.
What are points?
Points (sometimes referred to as discount points or mortgage points) are paid to the lender, usually at mortgage closing, in order to lower the interest rate. One point equals one percent of the original loan amount.
Why does my lender require homeowners insurance?
Homeowners insurance is an insurance policy that protects both you and your lender in case of loss or damage to your property. The insurance company is chosen by you and the monthly homeowners insurance premium is often included as part of the monthly mortgage payment.
Frequently Asked Questions
* This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. Additional restrictions may apply. Ryan Dierdorff, NMLS #895065, is authorized to act as an agent of One Credit Union and is authorized to represent Member First Mortgage, LLC (‘MFM’). MFM (616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532) is a Licensed Mortgage Lender/Servicer and a partner of One Credit Union (380 River Street, Springfield, VT 05156 | (800) 578-5024 x142 | NMLS ID: 403170). For MFM’s state disclosure information, please visit MFM’s website. For NMLS licensing information, please visit www.nmlsconsumeraccess.org | Equal Housing Opportunity.
If you have questions and want to talk about your specific situation, call our expert Mortgage Consultant from Member First Mortgage today:
Mortgage Consultant
Ready to Get Started?
*Ryan Dierdorff is authorized to represent Member First Mortgage, LLC. For MLO licensing information, please visit NMLS Consumer Access.
