Fixed Rate Mortgage

A mortgage in which the interest rate, principal, and interest payments remain the same for the life of the loan.

Floor Rate

An interest rate floor is the minimum interest rate possible for an interest rate associated with a loan.

Grace Periods

A description of the different grace periods and lengths associated with Members 1st loans.

How are my payments calculated during the construction process?

Description of payments during building process.

How long does it take to build?

Approximation on time it takes to build a home.

How much does construction financing cost?

Explanation of construction financing costs.

How much down payment will I need?

Description of necessary down payment for a construction loan.

How to Make a Principal-Only Payment

Guide on how to make a principal-only payment on your account.

In Your Community

Members 1st Credit Union takes pride in being an active member in your community. See some of our recent community participation.

Index Rate

The index rate is used as a benchmark to calculate the interest rate plus a specified margin on a loan. Members 1st commonly uses the 26-Week Treasury Bill...