This product typically offers the lowest introductory interest rate for a member. However, the interest rate on this product changes on a yearly basis. So while the introductory interest rate is often considerably lower than a 30-year fixed rate product, remember that rate changes can often make this a more expensive product in the long-run.

However, if you are purchasing a home with the intension of keeping it for less than three to five years, a 1-year adjustable rate mortgage may be a product to consider.

This product offers fixed rate protection for the first three years of the loan before switching to a one year adjustable rate mortgage. This product offers an initial interest rate that is lower than a 30-year fixed rate mortgage, and if you are thinking about purchasing a home for a relatively short period of time, it is an excellent product to consider.

An adjustable rate mortgage that provides members with 5 years of fixed interest rate protection before switching over to a one year adjustable.

This product provided members with 7 years of interest rate protection before converting to a 1-year adjustable.

If you are looking at commercial property to start a new business, or to help grow your existing business, we have a number of products that can assist you. Get your loan approved on a stated income/stated asset basis to decrease the necessary paperwork and time to close. These loan products are offered through our partnership with Florida Member's Mortgage.

We ofer a large variety of fixed rate home mortgages for primary residences, second homes, and investment properties. With loan terms from 10, 15, 20, 25, 30, 35, 40, 45, and 50 years, chances are we can provide you with a loan product that is just right for you.

Many credit union members prefer fixed rate loans simply because they offer complete protection from interest rate adjustments. If you have an adjustable rate home mortgage now, you may be able to save a significant amount of money in the long term by refinancing into a fixed rate mortgage.

Looking to build your dream home? We can help with single closing construction-perm financing that provides you with short-term construction financing. Once the construction of your home is completed, a simple loan modification agreement will convert your construction financing into a permanent mortgage with a loan term of up to 30 years.

Some members, through no fault of their own find that they need to obtain financing when their credit scores are less than perfect. Miami Federal Credit Union together with our lending partner Florida Member's Mortgage offers a large variety of loans for members with poor credit scores.

Credit Rebuilder loans can be used to refinance, consolidate outstanding debt, or purchase a new home. So even if you credt scores are less than perfect, we can assist you. Call us and we can provide you with more details on this product. With both fixed rate and adjustable loans available, we can provide you with a loan product that will give you the assistance you need.

If you are looking to purchase raw land, we can provide you with a number of financing options for land purchases. Please call Florida Member's Mortgage directly at (888) 636-2684 for details.

If a manufactured home is in your future, give us a call. Florida Member's Mortgage offers a number of manufactured housing loan programs. There are very specific program requirements, so please call us for details.

If income and/or asset verification is a problem, we have several loan programs that allow you to close without the usual requirements for verification of your income and asset sources. Members that are self employeed or 1099 employment status are typical users of these mortgae products.