Precision Federal Credit Union (PFCU) offers a variety of mortgage loan products and helpful services.
Let us help you buy a new home or refinance your current mortgage at a lower rate.
First mortgages
— Interest rate can be fixed or adjustable
— Maximum loan limit is $150,000
— All closing costs, such as appraisal, attorney fees, and recording fees will be paid by borrower, along with any other costs associated with the mortgage transaction
— Maximum loan-to-value (LTV), bases on tax assessment or appraised value will be 80%, unless private mortgage insurance (PMI) is obtained
— Terms of first mortgages shall not exceed fifteen (15) years
— All first mortgages (excluding mobile homes) shall utilize secondary market underwriting and documents
Second mortgages (closed end):
— Interest rate is fixed
— Maximum loan limit is $50,000
— All closing costs, such as appraisal, attorney fees, and recording fees will be paid by borrower, along with any other costs associated with the mortgage transaction
— Maximum loan-to-value (LTV), based on tax assessment or appraised value (whichever is higher), will be 80%
— Term of second mortgages shall not exceed fifteen (15) years
