Product Diversity

To support the diverse needs of borrowers, borrowers need a full suite of loan programs. First Imperial Credit Union Credit Union supports a broad spectrum of loan program options that are available with amazing service and support.

Program Options

Conventional – Also known as a conforming loan programs, these loan programs have guidelines that are established by Fannie Mae and Freddie Mac (Agencies). They offer Fixed and Adjustable-rate options for Owner Occupants, Second home and Investment properties. The primary benefit of a conforming loan is they generally offer the best interest rates for borrowers because guidelines and file documentation requirements are established in a manner that reduces the likelihood of loan loss to the end investors. These programs are typically approved using an Automated Underwriting System (AUS) that can define reduced file documentation (income, asset or property) which can streamline the process for many borrowers.

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