Let’s face it, the mortgage process can be intimidating and frustrating. We know. We get it. We’re right here to help, whether you’re looking to finance your first home, your next home, a vacation home, a piece of property for your future dream home, or refinancing your current home, we want to be there every step of the way. When you finance with Launch FCU, your home loan stays here, and we’re here to answer all your questions face-to-face. All of our mortgages are serviced-in house, this means that we will never sell your mortgage. You may be asking yourself, “How much home can I afford?” You are on the right track. Utilize our mortgage calculator to determine how much home you can afford so that you know where to start your shopping.
Unlocking Doors For Less
Buying your first home is a major investment, and you may not have enough saved up to put down 20% for a down payment on your new home. We are here to help. We can help you unlock doors to your future for as little as 3% down. Apply online today, or call a Mortgage Specialist today at 321-456-5439.
| Loan Type (Fixed or Variable) | Fixed |
|---|---|
| Loan Term | 10 years to 30 years |
| Borrowing Parameters | Must be an owner-occupied residential dwelling in the State of Florida |
| Loan Amount | $50,000 to $650,000 |
| Loan-To-Value | Up to 97% (lesser of appraised value or sales price) |
| Private Mortgage Insurance | Required if loan to value is more than 80% |
| Down Payment | As low as 3% of sales price* or appraised value, whichever is lower |
321-456-5439
| Loan Type (Fixed or Variable) | Fixed |
|---|---|
| Loan Term | Up to 15 years |
| Loan-To-Value-Ratio | Up to 80% of property value |
| Loan Amount | $10,000 up to $150,000 |
| Annual Percentage Rate=APR (see rates page) |
Up to 60 months: 4.894% APR* 61-84 months: 5.188% APR* 85-120 months: 5.330% APR* 121-180 months: 5.557% APR* |
| Closing costs | Varies |
Provides you with a lump sum; excellent for larger home improvement projects, or to pay off high-rate debt.
321-456-5439
| Loan Type (Fixed or Variable) | Fixed |
|---|---|
| Loan Term | Up to 30 years |
| Borrowing Parameters | Must be an owner occupied residential dwelling in the State of Florida |
| Loan Amount | $50,000 to $650,000 |
| Loan-To-Value | 85% if pulling cash out or 90% LTV if you are not pulling cash out |
| Private Mortgage Insurance | Required if loan to value is more than 80% |
| Down Payment | N/A |
321-456-5439
| Loan Type (Fixed or Variable) | Fixed |
|---|---|
| Loan Term | Maximum of 10 years |
| Borrowing Parameters | Must be a residential lot in a developed area (must have streets) in the State of Florida |
| Maximum Loan Amount | $5,000 to $100,000 |
| Loan-To-Value | Up to 60% (lesser of appraised value or sales price) |
| Private Mortgage Insurance | No |
| Down Payment | 40% of sales price |
321-456-5439
If you have questions about mortgages, visit our Frequently Asked Questions page. Be sure to also review our First Mortgage Information Sheet and our Lot Loans Information Sheet. If you’re interested in purchasing a condominium, check out our Condo Buyer’s Guide.
Meet the Launch FCU Mortgage Team
Our Mortgage Specialists take the time to sit down with you, show you options and ideas and then take you through the process step by step. We have Specialists throughout Brevard and Volusia counties. Visit our new Mortgage Centers at our Orange City, S. Daytona, Port St. John, Merritt Island and Melbourne Branches.
Our Team Includes:
