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Mark Aronoff
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Phone:  800-780-7101

We Offer a Wide Range of Mortgage Loans

Retail Sales Manager
Platinum Financial Funding
616 44th Street SE
Grand Rapids, MI 49548

NMLS# 438925

Phone: 616-588-9706

Mark W. Aronoff
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How can I start my application?

Simply apply online through our secure online system by clicking the apply now button. If you prefer to speak with a loan officer contact us at 800-780-7101.

What is a P&I payment?

P&I is the combined principal and interest you pay your lender each month. The principal amount repays a portion of the amount of money originally borrowed. The interest amount pays the monthly interest accumulated on your outstanding balance. Your total payment will typically include additional items, such as, real estate taxes and insurance premiums.

What is an origination charge?

The origination charge is the amount charged for services performed on the initial loan application and loan processing. This includes all charges (other than discount points) that lenders and brokers involved in the transaction will receive for originating the loan. It includes any fees for application, processing, underwriting services, and payments from the lender for origination.

What are points?

Points (sometimes referred to as discount points or mortgage points) are paid to the lender, usually at mortgage closing, in order to lower the interest rate. One point equals one percent of the original loan amount.

What are the minimum down payment options for Conventional, FHA and VA loans?

Generally speaking, the following minimum down payments are required for purchase transactions:

Conventional Loans are available with a down payment as low as 3%. 

FHA Loans are available with down payment as low as 3.5%.

VA Loans are available with zero down payment, however eligibility restrictions apply.

A larger down payment may be required depending on various factors.

Why does my lender require homeowners insurance?

Homeowners insurance is an insurance policy that protects both you and your lender in case of loss or damage to your property.  The insurance company is chosen by you and the monthly homeowners insurance premium is often included as part of the monthly mortgage payment.

Frequently Asked QuestionsCalculators

Home Mortgage Loans

We know you’d rather be house hunting than thinking about rates, terms and closing costs. That’s why we’re committed to finding the mortgage that works best for you. Whether you’re looking to buy a home or refinance an existing one, First Central is your perfect choice for convenient, accelerated approvals. Apply online today!

  • Conventional: Fixed and Adjustable Rates (ARM)
  • FHA: 30 & 15 Year Fixed
  • VA: 30 & 15 Year Fixed
  • USDA RD: 30 Year Fixed
  • Purchase, Refinance, Cash-out
  • Plus many more! (Fannie 97, Construction, Jumbo, etc.)

First Central Credit Union, NMLS ID# 779833

*All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may apply and may vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend. Additional restrictions may apply. Member First Mortgage, LLC is an affiliate of First Central Credit Union. First Central Credit Union: 6201 SANGER AVE, WACO, TX 76710 | 254-776-9333 | NMLS ID: 779833. Member First Mortgage, LLC Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532 | Equal Housing Opportunity. 

For the Texas Mortgage Banker Complaint/Recovery Fund Notice, please visit the Member First Mortgage, LLC licensing website