Outstanding Benefits for UT Faculty and Staff
Whether you’re buying your first home or your dream home, UFCU’s mortgage experts are focused on finding the best mortgage for you. We're committed to working with you in whatever way you prefer by offering the latest technology, the personal service we're known for, and innovative loan solutions that are as diverse as our Members:
- Mortgages — Personalized mortgage options including low- to no-down payment, no-PMI (private mortgage insurance) loans, first-time homebuyer programs, and personalized terms.
- REALTORS® assistance — We can match you with a trusted local real-estate professional to help you find the home of your dreams within your budget.
- Simplified application process — The UFCU Mortgage Services App lets you apply for your loan, monitor your application’s progress, scan and upload documents, and connect with your lending and real estate pros from the convenience of your phone or device.
- Close on your home with an accepted employment contract.
- Choose from first and second lien options.
- Count on a speedy process and if the loan doesn’t close on time, UFCU Close guarantee pays the seller.
Specialty loan programs available for UT faculty and staff
We offer flexibility to meet all budgets and lifestyles:
- First time homebuyer loan
- As low as 3% down payment
- No mortgage insurance loans
- Conventional rate loans that work for your bottom line
- Adjustable rate loans for a lower starting interest rate
- VA-guaranteed home loans for veterans, active-duty military personnel, National Guard Reserve members, and certain surviving spouses
- Community Hero loans apply to UT faculty and staff!
- Medical Community loans for doctors and nurses
- Refinance loans to help you reduce your monthly payments or build equity
- Home Equity loans that allow you to use your home’s equity for cash
- Land-purchase loans to assist with building on a lot
- Specialty Jumbo financing
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We Have You Covered
Fixed and Adjustable Rates
Looking for flexibility to fit into a home that is near the top of your budget? We offer a range of adjustable rates to meet your current and future circumstances. Looking for the security and predictability of a fixed rate? We’ve got competitive financing options there, too.
Refinancing and Home Equity
When you face unexpected events or opportunities, tapping into your home’s equity can be an affordable way to finance your next stage of life. Whether your goal is to consolidate debt, invest in your home, or start your own business, we offer advice and options for your refinance or second mortgage.
New Construction and Land Purchase
If you have always dreamed of creating your own space on land that you select—or if you want to move into a new-build community currently under construction—look no further. We can help you realize your new-house dream.
Mortgages, the UFCU Way
Award-Winning Service
The professionalism and trustworthiness of the UFCU Mortgage Team have been recognized time and again. We invite you to work with us and see why.
Technology Smooths the Way
Mortgage applications are notoriously detailed. Luckily, our secure digital application platform lets you upload sensitive documents from the privacy of your home, and it helps our lending team to communicate with you clearly and quickly.
A Commitment to Fairness
Affordable housing is one of the pillars of our mission. Our award-winning mortgage team has partnered with Austin Habitat for Humanity® to offer loan coaching and affordable home mortgages. Borrowers can apply for the program if they have been qualified with Habitat and have completed Habitat’s Homebuyer Education Course. More information can be found here.
Resources for You
Education is built into everything we do. To help you understand the home financing process, we have many resources you can explore before, during, and after your purchase or refinance. Our resources are always posted for all, for free, on UFCU.org:
- Choose an article in our Tools & Advice library about owning a home
- Get a feel for possible costs with our online Mortgage Calculator
- Read what one Member did after accessing her home’s equity
- Watch our video about the benefits of Owning Vs. Renting
We look forward to assisting you with your move to Austin or Galveston! Or if you already live in Central Texas, ask us how we can help.
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