Conventional Loans

• Down payments between 5% - 20%
• Used for purchase or refinance of primary, secondary or investment property
• No mortgage insurance if 80% LTV or lower 
• Down Payment Assistance Programs available

VA

• 100% purchase financing 
• No PMI 
• Cash out up to 100% of Property Value 

FHA

• Lower credit score requirements
• Low down payments (3.5%)
• Down Payment Assistance Programs available 

USDA/Rural Development

• Occupy property as Primary Residence
• Property address must qualify for financing 

Reverse Mortgage

• Be 62 years of age or older
• Occupy property as Primary Residence 
• Closing costs can be financed into the loan

Local Decision Making

 

Patty Raitt, Mortgage Officer 
(217) 919-2124 | Call or Text!
patty@membersfirstccu.com
NMLS #1405265

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