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Mortgage & HELOC

First Time Home Buyer's 

The Great Choice Home Loan program was created by the Tennessee Housing Development Agency (THDA) to make homeownership available and affordable for Tennesseans of middle/moderate income. 

Down Payment Assistance: You can use our Great Choice Plus down payment assistance for any loan-related costs, including your down payment and/or closing cost. 

30-Year Term: Your monthly payments are spread out across 30 years to keep them affordable. 

Fixed Interest Rate: The interest rate never changes throughout the entire life of the loan.

Minimum Credit Score: The credit score of everyone on your loan application must be at least 640. If you do not know your credit score, we can check for you.

Household income and purchase price limits: The maximum of your total household income and the price you can pay for a home and still qualify for the Great Choice Home Loan program varies by county.

Purchase Loan

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo Loans
  • As little as 3% down


  • Private Mortgage Insurance not required

Home Equity Line of Credits

  • Quick Cash
  • Closing Costs may be paid by Credit Union
 Apply for a Home Equity Line of Credit here. 

First Time Home Buyer's
  • Down Payment Assistance Available

Fixed Second Mortgages

  • 15 year term available
  • Low Closing Costs

Let's face it, buying a home is complicated, whether you're buying, refinancing, drawing from your equity or investing in rental property.  Here, at Memphis City Employees Credit Union, you will be working with mortgage professionals that have your best interest at heart in customizing a budget-friendly mortgage solution for you, our member. 

 Apply for a Purchase or Refinance here.

Contact us today to learn more about purchasing or refinancing a home.

NMLS# ID 712315

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Apply for a Purchase or Refinance here. 
A man carries a woman into a new home as they smile.

Open The Door To Your Dream Home

CONTACT US today to learn more about purchasing or refinancing a home.       NMLS# 712315
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Apply for a loan from the comfort of your home.