First Abilene FCU can meet all of your financing or refinancing needs. We are a Colonial National Mortgage broker and offer Conventional, FHA and VA loans. We can finance or refinance single-family homes and multiple-family dwellings with options available for owner or non-owner properties. Credit Union membership is not required for mortgage services.

Mortgage loan rates are very sensitive to the economic indicators and to changes in the financial markets. Therefore, rates change frequently, usually on a daily basis. To provide you with the most current information, we do not post these rates on-line. Please call a mortgage loan officer at
(325) 691-5104 for rate information.

Pre-Qualify in One Hour

At First Abilene FCU, we know buying a new home is an exciting time and you want to spend your time looking for a new home, not on paperwork! Pre-Qualification in one hour, is a free service designed to provide you the information you need to get started in your search.

You provide us with your gross monthly income and expenses and we let you know the loan amount for which you can expect to qualify, the monthly payment amount and an estimate of down payment and closing costs, including taxes and insurance.

Call our Mortgage Loan Department at (325) 691-5104 to request more information. You may also visit CU Members Mortgage to prequalify online.

APPLYING FOR A HOME LOAN

Pre-Approval

At this point, we will ask you to complete a mortgage loan application packet and provide the required articles of information. This step can be completed before you make your final selection on a property and sign a contract. Once we receive your completed packet, we will obtain a pre-preliminary credit report, verify employment and verify deposit accounts and payment history with your current mortgage company or landlord.

This information helps us to identify potential problem areas to be addressed before final approval is requested. Ultimately, this could save you both time and money.

For your convenience, use the Pre-Approval Checklist to ensure we have received all your information.

Final Approval

Once the application process is complete and you are pre-approved, you are now ready to select a home! After an earnest money contract is signed, we will collect money for the mortgage credit report and the appraisal. When the appraisal is received, final approval is quick and easy!

For more information, please contact the First Abilene FCU Mortgage Department.

Sondra Clark, Mortgage Loan Officer
First Abilene Federal Credit Union
3324 Catclaw Drive
Abilene, TX 79605
(325) 691-5104 ext 15
fax (325) 690-1035