How do I apply for a mortgage loan?
You may contact the Real Estate Department by phone at 858-546-2039 or toll-free at 800-500-6328 ext 2039. Our phone support hours are from Monday to Thursday 8:00 AM PST to 5:00 PM PST and Friday 8:00 AM PST to 6:00 PM PST. To utilize our interactive mortgage selector, proceed to Loan Consultant.
Do you offer Real Estate services to assist with buying or selling a home?
Yes, Mission Fed has partnered with Prime Alliance Real Estate Services, LLC to offer Real Estate Service (RES) to assist you with buying or selling your home.
Benefits Include *:
· A specially selected Certified Realtor with Prudential Realty to help you buy or sell your home
· A dedicated Member Advocate from Prime Alliance Real Estate Services to assist you throughout the process
· A cash back program, giving you a rebate on your agent’s commission
· SEARS Home Privileges Package for discounts on major appliances and more
Go to Real Estate Services page for complete details.
Can I make an additional payment to principal as part of my monthly mortgage payment?
You may elect to pay additional to principal every month as part of your scheduled mortgage payment. The additional funds can be withdrawn as part of your automatic payment.
You may also make a principal payment on any real estate loan at any time providing the loan is current. Please visit any of our branches or call us at 800.500.6328. This option is not available through Missionlink.
How do I view loan payoff information in MissionLink?
In MissionLink, click on the Account History tab and select the loan you would like to pay off. Payment information, including interest due, is displayed under account detail.
What does loan-to-value (LTV) mean?
A loan-to-value ratio can be expressed as the current principal balance divided by either the original property value (the original appraised value or sales price, which ever is less), or value based on a new appraisal.
What does it mean to have a "good payment history"?
You are required to have a good payment history in order to request cancellation of your Private Mortgage Insurance. For most loan types, a good payment history is defined as:
- No payments 30+ days past due in the last 12 months, AND
- No payments 60+ days past due in the last 24 months, AND,
- if your loan has been refinanced, then:
- The last 12 consecutive payments must have been made within 30 days of the due date.
Mission Federal Credit Union