Mortgages / Home Equity Loans

First Mortgage Options

PFCU offers a variety of mortgages, including Conventional Mortgages, FHA Mortgages, VA Mortgages, Community Home Buyers Program for first time buyers, and more. Our mortgages also offer:

• Fixed and variable rates
  • Fixed Interest rates for 10 to 40 year terms.
  • Variable Interest rates for 10 to 30 year terms.

Check the current rates.

Streamlining the Mortgage Process

To streamline the mortgage process, provide the following information at your initial consultation:

• A copy of the signed sales contract and/or a copy of the builder or contractor agreements.
• A receipt for the money paid to a Realtor, to hold the home (earnest money).
• Multiple listings from the Realtor, if available.
• A check to pay for the appraisal, credit report, and underwriting fees.
• The names, addresses, account numbers, approximate balances for all savings and checking accounts, plus the last three statements from all depositories. The names, addresses, account numbers, approximate balances, and monthly payments for all loans and charge accounts.
• All W-2s for the last two-years and the most recent pay stub for all borrowers. If self-employed, full tax returns for the past two-years.
• The deed or legal description of the property.
• A completed mortgage loan application.

When it comes to buying a home, PFCU has a variety of lending options. And we can even help you find a Realtor. Call us first when you are ready to buy!

For more information about Mortgage Loans call (717) 263-4444 and ask for a Mortgage Officer.

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Construction Mortgages

If building your dream home is what you have in mind, call us for a Construction Mortgage. PFCU offers a variety of construction mortgage options, including no point construction mortgages. Construction loans from PFCU are based upon plans and specifications. Here are some specifics:
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• Construction loans allow up to one year to build
• Financing is available up to 80%.
• As part of the lending process, PFCU will request a copy of your builder's liability insurance protection and a description of materials.
• Financing is made on a short-term basis and is used to fund the construction phase of your new home.
• Any single family detached home is eligible, including modular homes and kits.
• Upon completion of the home, permanent financing is arranged to pay off the existing construction loan. You will move directly from a construction mortgage to a permanent mortgage loan.

For more information about PFCU's Mortgage Loan programs, please call (717) 263-4444 to speak with a Mortgage Loan Officer.

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Mortgage Refinances

If you've already purchased your home, you could enjoy valuable savings by refinancing your mortgage with PFCU. Whether you have a fixed rate or an adjustable rate mortgage, PFCU's staff can help determine if refinancing is an equitable move for you. Here are some refinancing pointers:
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• PFCU will need a copy of both your homeowner's insurance and most recent tax receipt to complete your loan request.
• Fixed and variable rates
  • Fixed Interest rates for 10 to 40 year terms.
  • Variable Interest rates for 10 to 30 year terms.

For more information about PFCU's Mortgage Loan programs, please call (717) 263-4444 to speak with a Mortgage Loan Officer.

Unimproved Real Estate

Unimproved Real Estate Loans are available for land or lots. Members who want to invest in real estate should call us first for the quickest way to your investment loan. These loans offer:

• Fixed rates
• Terms up to 10 years

Check the current rates here.
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Investment Mortgages

Investment Mortgages are available for rental properties up to a four family unit. These loans offer:

• Fixed rates
• Terms up to 30 years

Check the current rates here.

Home Equity Loans

The equity in your home may provide an additional funding source with a PFCU Fixed Rate Home Equity Loan or Home Equity Line of Credit.
Fixed Rate Home Equity Loans
This Home Equity loan is great for debt consolidation, college needs or home improvements. It offers:

• One time draw
• Terms up to 12 year

Home Equity Line of Credit Loans

This Home Equity Loan option allows you to draw on your home's equity as you need it. It is a one-step process. Once your line of credit has been approved, it is available as you need it to meet present needs, and as you need it in the future without reapplying for another loan. It is a convenient and easy way to fund those unexpected or planned occurrences in life.
"The mortgage process was exceptionally good. It was expedited in three weeks. I am very pleased." - Joseph Snyder, Chambersburg, PA

NOTE: Patriot Federal Credit Union supplies this listing of realtors for your convenience only.This listing is not an endorsement of any realtor or realty agency. Patriot FCU is not responsible for any information, advertising, or practices of any realtor or realty agency in this listing.