-
5, 10, 14 1/2 year conventional mortgage - fixed rate -
will finance up to 80% of the appraised value plus
closing costs
-
5 year balloon - fixed rate - Loan payment calculated
based on a 30-year payback - after 5 years -must pay
balance off in full or refinance. Will finance up to
100% of the appraised value plus closing costs
Attention:
Valued Members 10/01/2008
In the face of today’s
financial crisis, FBFCU wants to reassure our valued members that we
have not participated in high-risk and risk-based lending practices.
Since our members’ shares are the source of lending funds, we take
great strides to ensure that applicants have a good credit history,
ability to repay, and sufficient collateral before approving their
loan requests. Rest assured we take our job seriously as stewards of
your accounts. As a matter of fact, over the past several years, we
have only had one foreclosure. We have been here for you since 1959
and plan to be here for many more years to come! Should you have any
questions, please do not hesitate to contact us at 877-523-3110,
901-526-6771, 901-523-2111, or 901-747-3631.
Sincerely,
Richard A. Ussery, CEO
| 
We do business in accordance with
the Federal Fair Housing Law and the Equal Credit Opportunity
Act.
