Home Loans
Confidence in a Home of Your Own
We provide home loan solutions as unique as you.
Homeownership starts with the right mortgage. Our UFCU Mortgage Services™ team offers many options, including Home equity loans1, ensuring you have the right solution for your needs. Apply online or call (512) 997-4663 (HOME) and get preapproved today.
Hay representantes disponibles que hablan español.
Apply NowYour First Home Loan, Explained Simply
Guidance at Every Step
Buying a home might be the biggest financial step you've taken, and the process comes with more vocabulary than anyone warned you about. UFCU walks you through every term, every document, and every decision, so you always know where you stand.
You don't need to have it all figured out before you start, either. Whether you're months away from house hunting or already have a specific home in mind, guidance from a credit union that answers to its Members makes every step clearer. We can help with any of the following loans:
- Fixed or adjustable conventional loans
- Community Hero loans
- Doctor and Professors loans
- First-time Homebuyer Loans
- Down Payment Assistance programs
- Home Equity loans
- Jumbo loans
- Land purchase-and-build loans
- Medical Professional loans
- Refinance loans
- FHA and VA loans
- Renovation Lending
- Bridge Loans
- Manufactured Housing
UFCU Mortgage Services
NMLS ID #441215
8303 N Mopac, Suite A105
Austin, TX, 78759
What Actually Shapes Your Mortgage Rate
Rates aren't handed out at random. A few factors do most of the work, and understanding them puts you in control:
- Your credit history and score, which show lenders how you manage debt
- The size of your down payment compared to the home's price
- The length of your loan term, since shorter terms usually cost less over time
- The type of loan you choose, from fixed rate to adjustable
Small improvements in any of these before you apply can change what you pay every month for years. That's why starting the conversation early matters more than starting it perfectly.
More Than One Way to Finance a Home
A fixed-rate mortgage keeps the same payment for the life of the loan, which makes budgeting predictable. An adjustable-rate mortgage may start lower and change over time, which can fit shorter timelines. And if this is your first home, ask about options designed for first-time homebuyers before you assume homeownership is out of reach.
The right answer depends on your plans, not a formula. That's exactly the conversation UFCU is built for.
Why Texas Homebuyers Choose a Credit Union
As a Member-owned credit union, UFCU doesn't answer to shareholders. Earnings return to Members through competitive rates, lower fees, and financial guidance from people whose job is to help you, not to close a sale. It's a big part of why people searching for the best credit union in Austin keep choosing UFCU.
Frequently Asked Questions
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Yes. The same Member-first approach behind UFCU mortgage loans applies to auto loans, so you can handle your car and your home under one Membership.
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Fixed rates suit people who plan to stay in the home long-term and want predictable payments. Adjustable rates can fit shorter timelines or specific plans. Talk it through with UFCU before you decide, because the best choice depends on where your life is headed.
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Prequalification is a quick estimate based on the numbers you share. Preapproval goes deeper, verifies your finances, and carries real weight when you make an offer on a home. If you're serious about buying, preapproval is the stronger tool.
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Probably less than you think. Twenty percent is a common guideline, not a requirement, and many loan options allow much less. The right amount balances your monthly payment, your savings, and your timeline.
Take the First Step Toward Home
You don't need every answer today. You just need a place to start. Our experienced loan officers are focused on finding the ideal mortgage for you and your unique situation. You’ll enjoy full-time support and guidance before, during, and after the buying process. Contact one today to get started on your homebuying journey.
Schedule an AppointmentCalculators
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Calculate How Much You Can Afford to Put Down
Wondering how much you should spend on the down payment of a new home? It's simple math: the bigger your down payment, the smaller your mortgage loan and the less interest you'll pay over time. Your down payment can affect your loan eligibility too. Typically, you'll need at least 3% for a down payment, but many loans require 5% or more. If you put down less than 20%, most lenders will ask you to pay Private Mortgage Insurance (PMI) until your loan-to-value ratio hits 80%. It's smart to keep a cash cushion for unexpected expenses when buying a home. Talk to your lender to find the right down payment for you.
You can calculate a down payment that makes sense with these key factors:
- The price of the home
- The loan term
- The length of time you plan to live in the home
- Your down payment
- The interest rate
- The mortgage insurance rate
- Start by entering the home purchase price.
- Enter the loan term and the length of time you plan to live in the home.
- Enter one amount pay for a down payment along with the interest rate and mortgage insurance rate.
- Enter details for a second down payment for comparison purposes.
- Adjust these factors to learn how much of a down payment you can afford.
Our online calculators are designed for educational and informational purposes only. They are intended to provide general guidance and estimates based on the information you provide. These tools should not be used as the sole basis for making financial decisions. We recommend consulting with a qualified financial advisor to obtain personalized advice tailored to your specific financial situation. There is no guarantee on the loan terms presented in the calculation. -
Find Your Ideal Monthly Mortgage Payment
Wondering how much you should commit to paying monthly for a new home? When you repay a mortgage, you make monthly payments to your lender. These payments cover both the loan principal and interest. Over time, the amount going toward the principal increases as your balance decreases, but your monthly payment stays the same. Your mortgage payments might also include property taxes, homeowner's insurance, and HOA dues, which often go into an escrow account managed by your lender.
You can calculate your monthly payment with these key factors:
- The price of the home
- Your down payment
- Annual property taxes
- HOA dues
- Insurance and Mortgage Insurance costs (Your down payment can affect how much mortgage insurance you pay.)
- Start by entering the home purchase price.
- Enter how much you will pay for a down payment.
- Enter the estimated annual property taxes you will pay.
- Enter estimates for HOA dues and home insurance costs.
- Adjust the loan term and interest rate to reflect your situation and learn how much of a monthly payment you can afford.
Our online calculators are designed for educational and informational purposes only. They are intended to provide general guidance and estimates based on the information you provide. These tools should not be used as the sole basis for making financial decisions. We recommend consulting with a qualified financial advisor to obtain personalized advice tailored to your specific financial situation. There is no guarantee on the loan terms presented in the calculation.
Related Products and Services
Financial Success Services
Whether you’re just starting out or looking to improve your credit score, our free Financial Wellness assessment provides valuable insights and actionable recommendations just for you.
Credit Builder Loan
Whether you’re just getting started on your journey toward financial success or working to get back on track, UFCU can help you build a solid credit history with a Credit Builder Loan.
1 Subject to credit eligibility. Certain restrictions apply. Payment reflected does not include property taxes, homeowners insurance or HOA*. Example payment scenario: A 30-year fixed-rate loan with a sales price of $400,000 and a 5% down payment results in a loan amount of $380,000. With an interest rate of 6.00% and an Annual Percentage Rate (APR) of 6.499%, the monthly principal and interest payment is approximately $2,278 for 360 months. Rate assumes a 740 credit score and purchase of one discount point ($3,800). Program eligibility and down payment assistance requirements vary.