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.

Home Loans For As Little As 3% Down

family 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, 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.

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.

If you have any 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.
*

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. The rate you pay will be based on your credit history. If your risk profile puts you in a higher risk category your rate may be higher. Your APR will vary based on your final loan amount and finance charges. APR means Annual Percentage Rate.

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