Dreaming of Homeownership

For Purchase Only
Marisol is committed to helping low and moderate-income borrowers achieve their dream of homeownership. FHA, VA and conventional financing all have some form of mortgage insurance. Those insurance premiums go to an insurance company. OR, with a MariSol Pay Yourself Mortgage, those premium dollars are paid to you instead of private FHA mortgage insurance.

Here’s how it works:

  • This is for homes in Maricopa County only.
  • Premium is .75% of the loan amount
  • Savings are collected monthly and put into a home savings account at MariSol
  • During the first five years, the savings account cannot be used by the borrower. In Year 6, 50% of the savings can be used for home improvements or a home insurance deductible.
  • No upfront premium
  • Loan Amounts up to $400,000, terms up to 30 years
  • LTV up to 95% – Borrower has to put 5% down.
  • Product works with down payment assistant programs.
  • There are income limitations for qualification: Income must be under 150% of Average median income (AMI) for Maricopa County.

MariSol partners with Centennial Lending, LLC, NMLS#3056 to process and service our first mortgage loan products. 

For more information, including the most recent rates, don't hesitate to get in touch with our lending Department at 602-252-6831 or email mortgages@marisolcu.org.

MariSol Federal Credit Union NMLS #799641, Centennial Lending, LLC NMLS#3056

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