5-Year Balloon Mortgage
A balloon mortgage is a short-term loan that offers lower monthly payments and usually a lower interest rate than a traditional fixed-rate mortgage because it is not fully paid off at maturity. At the end of the loan term, your monthly payment “balloons” to include payment of the outstanding principal.
Please contact an MVFCU loan officer for more information, or to request an application to be sent to you via mail or email.
- All rates and terms are subject to change without notice.
- Property must be located in the State of Alaska or Hawaii.
- The primary borrower must be an MVFCU member or able to
become an MVFCU member prior to closing of the loan.
- The property must be either a primary residence or a second home.