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Mortgages and Home Loan

Whether you’re buying a new home or refurbishing an old one, we’ve got the rates and packages to help. Plant those roots in a solid financial foundation.

Mortgages and Home Loans
Which mortgage is right for you?

Please select from the mortgage products below:


Conventional First Mortgage

Conventional First Mortgage

Ideal for first-time homebuyers, while being flexible enough to finance vacation homes and investment properties, too.

Features of Conventional First Mortgage ▸
Details for Conventional First Mortgage ▸
Apply for a Conventional First Mortgage ▸
Already applied?
Click here to check loan status and updates ▸

Properties

Primary residences, vacation homes

Down Payment

5% down payment, 3% for first time home buyer

Types Available

Fixed-rate, adjustable-rate

Fixed-Rate Mortgages

10- to 30-year terms (in five-year increments) available on primary residence.

Adjustable-Rate Mortgages

30-year 5-1 adjustable loans available on primary residence. (The initial fixed-rate period is five years is adjusted each year on the loan anniversary date).

Vacation Property loans

10- to 20-year terms (in five-year increments). 30-year term available if you plan to retire to the property.

We offer conventional first mortgages in all 50 states. If you are financing outside of our standard lending area of PA, NJ, DE, MD, or FL, please call a Mortgage Professional at 215-934-3505.

HomeAdvantage®

Learn more about PFCU's HomeAdvantage Cash Rewards Program.

Mortgage Calculators

Easily calculate your monthly payment, the difference between renting and buying, the APR for fixed-rate or adjustable-rate loans, how long it will take to “break-even” on a refinanced loan, your estimated tax savings.

FHA Mortgage

FHA Mortgage

Competitive mortgage loans backed and insured by the Federal Housing Administration (FHA)

Features of FHA Mortgage ▸
Details for FHA Mortgage ▸
Apply for a FHA Mortgage ▸

Properties

Primary residences

Down Payment

3.5%, down payment can come from a relative

Types Available

Fixed-rate, adjustable-rate

Features

Here are some other features available to you.

  • Fixed or adjustable rate loans are available
  • Seller can assist with up to 6% of purchase price toward closing costs
  • All funds for your closing costs can be from a gift
  • Available for primary residences in all 50 states.
  • Non-traditional credit considerations (on-time rent, utility and insurance payments)
Apply for a FHA Mortgage

VA Mortgage

VA Mortgage

Mortgages guaranteed by the Department of Veterans Affairs, and specially designed to help our men and women in uniform.

Features of VA Mortgage ▸
Details for VA Mortgage ▸
Apply for a VA Mortgage ▸

Properties

Primary residences

Down Payment

None

Types Available

Fixed-rate

Features

Here are some other features available to you.

  • No down payments, in most cases
  • Liberal qualifying guidelines
  • Fixed-rate terms
  • No private mortgage insurance
Apply for a VA Mortgage

Here are our Home Equity Loans and Refinancing Options

Home Equity Loans

Home Equity Loans

If the cash you need isn’t quite there, your house can come to the rescue. Our Home Equity Loan offers fixed amounts and terms.

Features of Home Equity Loans ▸
Details for Home Equity Loans ▸
Apply for a Home Equity Loan ▸

Properties

Primary residences, vacation homes, investment properties

Types Available

Fixed-rate

Features

Home Equity Loans are ideal for:

  • Consolidating debt. You’ll enjoy one low interest rate and one monthly and – most likely – smaller bill. Plus, you may improve your credit rating in the process.
  • Home improvements. Use your equity to make improvements that can increase the market value of your home.
  • College tuition. Your home's equity can help you invest in your child's future!
Apply for a Home Equity Loan
Home Equity Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)

Borrow up to a maximum amount using your home's equity as collateral. Functions like a credit card with a spending limit determined by your home's equity.

Features of HELOC ▸
Details for HELOC ▸
Apply for a HELOC Loan ▸

Properties

Primary residences, vacation homes

Types Available

Variable-rate

Features

Home Equity Lines of Credit are ideal for:

  • Home improvements. Borrow the funds you need, when you need them for home improvement projects that can increase the market value of your home.
  • College tuition. Your home's equity can help you invest in your child's future!
  • Periodic expenses. Borrow funds in installments to pay off periodic expenses using your home's equity as your line of credit.
Apply for a Home Equity Line of Credit Loan
Fast Track Mortgage

Fast Track Mortgage

Don't just dream of paying your mortgage off early - do it! With our Fast Track Mortgage program, it's easy.

Features of Fast Track Mortgage ▸
Details for Fast Track Mortgage ▸
Apply for a Fast Track Mortgage ▸

Properties

Primary residences, vacation homes

Types Available

Fixed-rate

Features

Fast Track Mortgages are ideal for:

  • Refinance your mortgage with no closing costs.
  • Take this opportunity to lock in a historically low rate,* no closing costs and no appraisal fee.*
  • Refinancing to a 15 year term can substantially lower your interest expense.

* APR = Annual Percentage Rate. This is the Credit Union's best rate. Rates and approval may vary depending on each borrower's credit history/eligibility, underwriting criteria and market conditions. Offer of credit is subject to credit approval. The available terms are subject to change without notice. Cannot be combined with any other offer and excludes all loans already financed at Philadelphia Federal Credit Union. Fees that PFCU pays on your behalf will be recaptured if the loan is paid off within first three years. For each $10,000 borrowed at 4.00% APR over a term of 180 months, pay approximately $73.97 a month. $25,000 minimum and $250,000 maximum loan amounts. Offer is valid for 80% loan-to-value up to a 15-year term. Property must be owner-occupied. Loan to be financed must be in first-lien position. We will lend in PA, NJ, DE, MD and FL. Some fees may apply for properties outside Pennsylvania and New Jersey. Property insurance is required and flood insurance may be required. Consult a tax advisor regarding the deductibility of interest.

Apply for a Fast Track Mortgage
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