Up to $10,000 Closing Costs Credit
Keep more in your pocket.
Get a First-Year Interest Rate Discount
Lower payments while you settle in.*
Purchase Or Refinance Available
However you're moving forward.
As a member, you're first in line for what this credit union can do for your next home. Whether you're buying or refinancing from another lender, Home Advantage is built to get you to closing with more money still in your pocket.
It's simpler than you think.
- Apply with promo code MTG-MEM. Talk to a loan officer about your purchase or refinance and submit your application before March 31, 2027 — include promo code MTG-MEM to qualify for the closing cost credit.
- Set up Direct Deposit. Add qualifying Direct Deposit of $1,000 or more per month and Auto Pay to unlock the First-Year Interest Rate Discount. Not required for the closing cost credit.
- Close and start saving. Sign your loan and your savings begin immediately.
Not ready yet?
Schedule a free Mortgage Checkup and see where you stand — no obligation. Call 323.209.6326 or schedule online.
Ready to get started? Learn what you qualify for today.
See What You Qualify For
Use promo code: MTG-MEM
Offer valid through March 31, 2027.
We're a full-service mortgage lender offering home loan options in all 50 states, including:
- Conventional (Conforming, High Balance, and Jumbo up to $3 million)
- FHA
- HomeReady (income-flexible options)
- Combo Loans (low-to-no down payment, no PMI)
- Down Payment Assistance (Chenoa Fund)
- Specialty options (Debt Service Coverage Ratio (DSCR) Loans, Bank Statement Loans, Departing Residence)
Not sure which one is right for you? Your loan officer will walk you through your options.
Ask about free FIG Credit Union Home Rewards porgram. We'll help you find a home, connect you with a trusted real estate agent, and save you money:
- Sell your current home for a flat 1.5% listing fee1
- Earn a 20% real estate agent commission rebate toward closing costs2
- Get outstanding service from a trusted, local real estate agent
Ready to buy now or explore what's available? Register today, no obligation.
We're with you, from start to close.One loan officer, from your first question to your closing day. They know your name, your plans, and your story — because they're the same person throughout.
FREQUENTLY ASKED QUESTIONS
How does the closing-cost credit work?
The closing-cost credit may be applied toward eligible closing costs on qualifying transactions, up to a maximum of $10,000. The credit cannot exceed eligible closing costs actually incurred. Additional eligibility requirements apply. Remember to use promo code MTG-MEM when you apply.
What if I don't have $1,000 per month in Direct Deposit?
Not to worry. You still get the closing cost credit. The rate discount is the piece tied to Direct Deposit and Auto Pay. Remember to use promo code MTG-MEM when you apply.
What happens after 12 months?
The First-Year 1.00 Percentage Point Interest Rate Discount ends after the first 12 months. Beginning in month 13, the interest rate applicable under your loan terms will apply. For adjustable-rate mortgages, the interest rate may change in accordance with the terms of your loan.
Does this work for refinances?
Yes, if you're refinancing a mortgage held with another lender. It does not apply to refinancing your current FIG Credit Union mortgage.
I already have a mortgage with FIG Credit Union — can I use this offer?
Yes, but only toward a new or additional home purchase. This offer does not apply to refinancing your existing FIG Credit Union mortgage.
*Subject to program requirements.
Home Advantage Promotion: Membership eligibility required. Farmers Insurance Federal Credit Union, doing business as FIG Credit Union. Offer valid October 1, 2026, through March 31, 2027, and available to eligible applicants who apply for and close a qualifying mortgage loan during the promotional period. Refinances of existing FIG Credit Union mortgage loans are not eligible. The applicable promotional code must be provided at the time of application to qualify for the offer.
Closing-Cost Credit: A closing-cost credit of up to $10,000 is available on qualifying purchase and eligible refinance transactions under the FIG Credit Union Portfolio Loan Program. The credit may be applied only toward actual eligible non-recurring closing costs incurred in connection with the transaction and may not exceed eligible closing costs actually incurred. The amount of the credit is not guaranteed or fixed, and any unused portion will not be paid to the borrower in cash or otherwise refunded. Direct Deposit and Auto Pay are not required to qualify for the closing-cost credit.
First-Year Interest Rate Discount: A qualifying Direct Deposit of at least $1,000 per month and enrollment in Auto Pay are required to qualify for the first-year interest rate discount. The discount is available on qualifying FIG Credit Union Portfolio Loan Program transactions and applies for the first 12 months following loan closing. After the 12-month discount period, the interest rate discount expires, and the loan will be subject to the non-discounted interest rate specified in the loan documents. Continued Direct Deposit and Auto Pay after the first 12 months will not extend the interest rate discount.
Additional terms and restrictions apply. All loans are subject to credit, underwriting, property approval, and applicable program requirements. Program availability, terms, and qualification requirements may vary. Interest rates and terms are subject to change without notice. NMLS #408877. Equal Housing Lender.
FIG Credit Union Home Rewards:
1) Sell a home and pay only a 1.5% listing fee. Does not include commission owed to Buyer's Agent.
2) Buy a home and receive a 20% rebate on your agent's commission. Rebate for home purchase only is 20%. Home Rewards services are provided by HomeSmart Evergreen Realty, which is not affiliated with Farmers Insurance Federal Credit Union, doing business as FIG Credit Union. Rebate payment is made by HomeSmart Evergreen Realty and is credited to your benefit at the close of transaction. Commission rebates are not available in Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee.
Information is accurate as of date of printing and is subject to change without notice. FIG Credit Union Home Rewards program requires a $250,000 minimum loan amount and is subject to state restrictions and program terms. 20% escrow services discount guaranty paid by Escrow Options at the close of transaction. Escrow Options is not affiliated with FIG Credit Union.
Federally insured by NCUA. Equal Housing Lender.