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LOAN PROGRAMS

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HomeStyle Renovation

Purchase or refinance option for any renovation project such as design updates or improvements, and even renovating accessory units like in-law suites or basement apartments. HomeStyle Renovation is a conventional mortgage that lets borrowers finance improvements, renovations or repairs to a home at the time of purchase or as a refinance transaction—up to 75% of the as-completed appraised value of the property.*

*The limit on eligible renovation funds is up to 75% of the lesser of the purchase price plus renovation costs, or the “as-completed” appraised value for purchase transactions; and 75% of the “as-completed” appraised value for refinance transactions. For manufactured housing, the eligible renovation funds capped at the lesser of $50,000 or 50% of the “as-completed” appraised value. HomeStyle and HomeReady are registered trademarks of Fannie Mae.


Portfolio

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Credit Unions can help you with a home loan that fits your needs. Credit Unions understand that loans are more about the person than the numbers; having a lower credit score or previous foreclosure doesn't have to be something that will automatically disqualify you. Qualifying is easier than you think and Member Home Loan can help.


100% Financing

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Purchase transactions only

No down payment required

3% seller contribution allowed

Primary residence one unit, SF and condo only

30 year term, fixed rate or 5 year ARM only


Bank Statement Program

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Conforming products only

Purchase or rate & term refinancing only

No mortgage insurance

Primary residence one unit, SF and condo only

24 months of bank statements required


Purchase-Plus Improvement Loans

Make your new home just right for you. 

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With Purchase-Plus Improvement loans you can borrow more than the sales price* of your new home to update the interior, get a new pool or the outdoor kitchen you've always wanted.  We can help make your dreams into a reality.

*Apprisal value must support purchase plus improvements. 


Refi-Plus Renovation Loans

Make your current home just right for you!

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With our Refinance-Plus Renovation loans you have the opportunity to include a new pool, outdoor living or kitchen areas, interior kitchens, baths and flooring to be funded as part of the refinance of your existing loan without it being considered a Texas Cash-Out and up to a maximum LTV of 95% of appraised value*.

*Primary residences only.  Rules and restrictions apply.  Please contact a Member Home Loan Representative for more informaiton.


HomeReady® by Fannie Mae

The path to homeownership may have seemed challenging until now.

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For those first time home buyers with modest savings, HomeReady mortgage can be a great option.  Thanks to features like a low down payment, cancellable mortgage insurance* and more, homeownership can be affordable.   Ask us if HomeReady mortgage is right for you.   Find out more at MyHomeReady.com.

*Restrictions apply.

Home ready by Fannie Mae logo

FHA Home Loans

FHA Home Loans make owning a home easy.

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The FHA Home Loan Program is a government insured mortgaged, allowing low down payment options for purchase and refinance transactions.  These loans are a great option for first-time homebuyers with less than perfect credit. 

Fixed and ARM options available

Gift and sellers contributions allowed

580 minimum FICO required (additional conditions may apply)

Purchase and refinance options available

HUD REO financing available


VA Loans

Obtain 100% financing with a VA Loan.

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If you are an active duty veteran, retired veteran or the surviving spouse of a veteran, you can apply for a VA Loan.  

No down payment

No Private Mortgage Insurance

Up to 4% seller contribution


Cash Out Refinance Loans

Imagine the possibilities of what you can do with extra cash!

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Consolidate debt

Take a vacation

Renovate your home

Pay for college tuition

Save for a rainy day

Put money away for retirement

Learn more about cash out loans here.

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SERVICING DEPARTMENT  |  PAY MY MORTGAGE  |  RECOVERY FUND NOTICE  |  SECURE DOCUMENT TRANSFER  l  CLIENT/INVESTOR LOGIN | 

A consumer wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. 

The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of Licensed Residential Mortgage Loan Originators.  A written application for reimbursement from the recovery fund must be filed with and investigated by the Department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

© 2023. Equal Housing Lender. All rights reserved. Member Home Loan, MHL, and all related logos are trademarks of Member Home Loan, LLC. Office located at 9601 Jones Rd., suite 108, Houston, TX 77065.   NMLS#105693. Member Home Loan is a subsidiary of CU Alliance, LLC.

Member Home Loan, LLC  |    NMLS#105693

9601 Jones Road, Suite 108  |  Houston, TX 77065

832-912-2151  |  questions@MHLcu.com

SERVICING DEPARTMENT  |  PAY MY MORTGAGE  |  RECOVERY FUND NOTICE  |  SECURE DOCUMENT TRANSFER  l  CLIENT/INVESTOR LOGIN | 

A consumer wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. 

The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of Licensed Residential Mortgage Loan Originators.  A written application for reimbursement from the recovery fund must be filed with and investigated by the Department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

© 2023. Equal Housing Lender. All rights reserved. Member Home Loan, MHL, and all related logos are trademarks of Member Home Loan, LLC. Office located at 9601 Jones Rd., suite 108, Houston, TX 77065.   NMLS#105693. Member Home Loan is a subsidiary of CU Alliance, LLC.