Unlock Your Future With A Launch FCU Mortgage

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.

Waive Your $400 Mortgage Processing Fee

Limited Time – ONLY Through June 30, 2019, Finance With Launch FCU And We’ll WAIVE THE $400 PROCESSING FEE!*

Home Loans For As Little As 3% Downfamily moving boxes into a new home

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 Home Loan Specialist today at 321-455-9400 option 3.

Manufactured/Mobile Home Lending

We are now offering mortgage financing for manufactured housing!

  • Members must own the land the home is on and the home must be permanently affixed to the foundation.
  • The home must also be declared “real property”.
  • Maximum year of the home cannot exceed 1990.
  • Max Loan To Value –80% and is determined by age of home and if the loan is a purchase or refinance transaction.
  • The minimum credit score is 660 or higher.
  • Maximum loan amount = $200,000.
  • Escrow is required.
  • Home Equity Lines of Credit are not permitted.
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 $1,000,000
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

View our First Mortgage Information Sheet.

Apply Now

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 $250,000
Annual Percentage Rate=APR
(see rates page)
60 Months: 5.097% APR*
84 Months: 5.322% APR*
120 Months: 5.802% APR*
180 Months: 6.037% APR*
240 Months: 6.280% APR*
Closing costs Varies

Provides you with a lump sum; excellent for larger home improvement projects, or to pay off high-rate debt. View our Second Mortgage Information Sheet.

Apply Now

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 $1,000,000
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

Apply Now

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

View our Lot Loan Information Sheet.
Apply Now

If you have questions about mortgages, visit our Frequently Asked Questions page. Be sure to also review our First Mortgage Information Sheet, our Second Mortgage Information Sheet, and our Land 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 Home Loan Specialists take the time to sit down with you, show you options and ideas and then take you through the process step by step.  If you have questions, they have the answers.

If you still have questions, give us a call at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard) or come visit us at any one of our convenient branch offices. We’ll be happy to talk about your mortgage options based on what you’d like to achieve.
*

Loans require credit approval. The rate you pay is based on your credit history. For 1st mortgage and refinance. Maximum 97% Loan-to-Value (LTV). Must be owner-occupied; primary residence or second home only. Minimum loan amount for special offer $75,000; maximum loan amount $1,000,000. APR= Annual Percentage Rate. Example: for a $100,000 loan for a term of 30 years with an interest rate of 4.50% (4.598% APR), the monthly payment will be $506.69. Sample payment includes principal and interest only; taxes and insurance will increase your payment. The rate you pay is based on credit history and term. Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Programs, rates, terms, and conditions are subject to change without notice at any time. Savings account required for loan. Only a $5 minimum deposit required to open account and become a Launch FCU member. You can become a member if you live, work, worship, or attend school in Brevard or Volusia counties. Rebate offer applies to first mortgage applications submitted between January 1, 2019 and March 31, 2019. Offer excludes Home Equity Loans and Lines of Credit and 2nd mortgages. Offer cannot be combined with any other offer and may be canceled at any time. $250 will be deducted from closing costs due to the credit union. NMLS # 407506

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Agents are available Mon-Fri 9am-5pm EST

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