For the first time, the MIT Employees' Federal Credit Union (MITFCU) is offering fixed- and adjustable-rate residential mortgages to members. A total of $10 million has been earmarked to finance first mortgages on one- to four-family residential properties, according to Nancy Fales, the credit union's chief lending officer.
MITFCU has selected Mortgage Service Center of New England to administer its mortgage program. Information on specific products and rates can be obtained from mortgage officer Gretchen Houghton at (800) 722-8639. The credit union's officers are in Rm E19-432 on campus and Rm A-100 at Lincoln Laboratory.
A version of this article appeared in MIT Tech Talk on May 6, 1998.