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Home and Land Loans

With a Members Choice Home or Land Loan, you’ll get our always-great rates and a high level of personal service

 

Whether you’re looking to purchase a new home, borrow against the equity you’ve already built in your current home or fulfill your dream of owning your own piece of land, we’re here to help finance it. Members Choice Credit Union members benefit from an advisor that will guide you through the process and help you find the loan option that fits your needs best. View Current Mortgage Rates.


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Fixed-Rate Mortgage1

  • Competitive interest rates
  • Low money down, up to 95% financing available
  • Low closing costs
  • 15/20/30-year terms


100% Financing – Choice100 Mortgage2

  • Competitive interest rates
  • Zero down payment, up to 100% financing available
  • Low closing costs
  • 15/20/30-year terms

FlexChoice Convertible Mortgage3

  • Unique option to convert from an adjustable-rate to a fixed-rate mortgage after 3 years, at no cost
  • Lower adjustable interest rates
  • Initial 5/7/10-year terms with 1% annual rate caps


Adjustable-Rate Mortgage (ARM)4

  • Lower adjustable interest rates
  • 5/7/10-year ARMs with 1% annual rate caps

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Jumbo Fixed-Rate Mortgage

Access loan amounts starting at $766,551 and going up to $1,000,000 with our Jumbo Mortgage Loans.
  • Competitive interest rates
  • Low closing costs
  • Purchase or refinance
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Mortgage Refinancing

Refinancing your mortgage loan with Members Choice can improve your expenses, or allow you to tap into your home's equity with a cash-out refinance to get the funds you need.
  • Low closing costs
  • Save with shorter terms and competitive fixed-rates
  • Cash-out refi option available

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Home Equity Loans5

Get cash from the equity of your home to pay for home improvements, large purchases, and more. Plus, you can access your home's equity without refinancing your primary mortgage.
  • Borrow up to 80% of your homes fair market value
  • 1st or 2nd lien position options available
Sunset over a field of bluebonnets in Texas

Texas Land Loans6

Whether you're looking to buy your very own hunting and fishing spot to enjoy the outdoors with family and friends, or a lot to one day build a retirement home in the country, our loan advisors are here to walk alongside you through the process of your unimproved land loan.
  • 5/10/15 and 20-year fixed terms available
  • Up to 80% LTV for less money down
  • Unimproved land loan amounts from $50,000 up to $500,000

Have Questions for a Mortgage Loan Officer?

Fill out the short form below to get a call back within the next business day.


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Free Home Buying Guide

Get our guide for finding, buying and financing a new home for yourself or a family member  

Mortgage Account Access

Access your current mortgage loan account with Members Choice Credit Union*

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See What Our Members are Saying!

Throughout the past 36 plus years they have helped me finance numerous vehicles, boats, and also a signature loan to help me get my kids through college. They are very friendly, and respond to my phone calls or emails quickly. Great customer service!
- Alan C.

See What Our Members are Saying!

Their knowledge impressed us so much that we decided to go with MCCU for our auto loans too. If someone wants to have a WOW experience, visit MCCU.
- Nasor U.

Disclosures

1Conventional Fixed-Rate Mortgage: Rates are issued daily. Please contact a Mortgage Loan Officer at 281.754.1103 for more information or get a Quick Rate Quote online. Mortgage home loans are available on residential primary residences and second/vacation properties and investment properties located in Texas. Manufactured homes not allowed. Maximum combined loan to value on primary residences is 95%, on second/vacation homes is 90%, and on investment properties is 85%. $50,000 minimum loan amount. $726,200 maximum loan amount.
2100% Financing Fixed-Rate Mortgage: Purchase for primary residence Single Family Home or Townhome located in Texas only. Manufactured homes, and Condominiums not allowed. Our maximum loan-to-value is 100% with a 43% maximum DTI and a minimum 680 FICO. Requires minimum of two years employment in same industry. No history of bankruptcy or foreclosures. Appraisal fee collected at time of ordering. $50,000 minimum loan amount. $726,200 maximum loan amount. Rates shown are based on a $300,000 loan amount with a 740 FICO credit score.
3FlexChoice Convertible Mortgage: Purchase for primary, second, and investment properties in Texas only. Manufactured homes and refinances not allowed. Minimum 720 FICO credit score required for FlexChoice option. Modification rates are based on the current market at the time of conversion. Must be in ARM product for a minimum of 3 years prior to modification. After 3 years you have the option to modify your loan after three years to a fixed-rate loan based on the current market rate at that time. No modification fee is charged. $100,000 minimum loan amount. $726,200 maximum loan amount. 1.00% annual rate increase maximum after the initial loan term. Rates shown are based on a $300,000 loan amount with a 740 FICO credit score.
4Adjustable-Rate Mortgage: Rates are issued daily. Please contact a Mortgage Loan Officer at 281.754.1103 for more information or get a Quick Rate Quote online. Purchase and Rate/Term Refinance for primary, second, and investment properties in Texas only. Manufactured homes and cash-out refinances not allowed. Minimum 620 credit score required. $100,000 minimum loan amount. $726,200 maximum loan amount. 1.00% annual rate increase maximum after the initial loan term.
5Home Equity Loans: Available on residential primary residences and second/vacation properties. Investment Properties, Manufactured homes, and Condominiums not allowed.  Available for first or second lien position only. Third lien position not allowed. Up to 80% of home’s appraised value minus the current mortgage. $50,000 minimum loan amount. $350,000 maximum loan amount. Rates shown are based on a $100,000 loan amount with an 80% LTF and a 680 FICO credit score.
6Land Loans: Unimproved Residential Land Loans are available on unimproved and rural residential properties located in Texas. Farm & ranch or any income-producing properties are not allowed.  Our maximum loan-to-value is 80% with a 45% maximum DTI. Minimum 680 credit score required. No history of bankruptcy or foreclosures. Full appraisals and title policies are required. $50,000 minimum loan amount. $500,000 maximum loan amount. Rates shown are based on a $150,000 loan amount with an 80% LTV and a 740 FICO credit score.


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If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.