Lending
Mortgage
MORTGAGE LOANS
Let us help you make the home of your dreams a reality. Whether you are buying a new home or refinancing your current residence, we have a mortgage plan to meet your needs.
- Great Rates
- Local Decision Makers
- Excellent Service
- Members Can Apply Online
First Time Home Buyer Program
Buying your first home is exciting. FRMCU wants to make it easier.
- 3% down payment
- Fixed Rate Mortgage
- Single Family Owner/Occupied
- First time homebuyer certificate needed
- Low discounted rate on Mortgage Insurance
Conventional Fixed Rate Mortgages
- Various terms available
- Competitive closing costs
Adjustable Rate Mortgages (ARMs)
Our Adjustable Rate Mortgages (ARMs) include an interest rate that remains fixed for a period of time and then adjusts annually based on the weekly average 1 Year Constant Maturity Treasury rate (“index rate”). The adjusted rate may increase or decrease according to the index rate. Interest rate increases normally result in higher monthly payments.
Available ARM products:
- 10/1 Adjustable Rate Mortgage – Fixed rate for 10 years, adjusting annually for remainder of term
- 7/1 Adjustable Rate Mortgage – Fixed rate for 7 years, adjusting annually for remainder of term
- 5/1 Adjustable Rate Mortgage – Fixed rate for 5 years, adjusting annually for remainder of term
Please see our Mortgage Programs page for additional details.
Construction-to-Permanent Mortgages
- Fixed rates available
- Rate locked at time of application
Land Loans
- Variable Rate
- Term 15 years
Schedule your appointment today and you’ll be home in no time.
Offices in Fall River & Assonet
Connecting all offices: 508.678.9028
Mortgage Team
James Maloney NMLS# 3686 Email: jmaloney@frmcu.com
Cherie Ashton NMLS# 499836 Email: cashton@frmcu.com
Jodie Oliveira NMLS# 556250 Email: joliveira@frmcu.com
Tania Couturier NMLS# 1107332 Email: tcouturier@frmcu.com
Vivian Lobo NMLS# 1584538 Email: vlobo@frmcu.com
(508) 678-9028
Please call for an appointment that is convenient for you,
NMLS ID# 410816
Consumer and
Equity Loan Rates
Focused on getting you the money you need - when you need it.
MORTGAGE Rates
We have a mortgage plan to meet your needs.
Let us help you make the home of your dreams a reality.
Savings Rates
Here's a sure way to have money when it is needed.
Your money will grow at a healthy rate with our generous dividend rates.
